random notes

The Death of Paper Money
As they prepare for holiday reading in Tuscany, City bankers are buying up rare copies of an obscure book on the mechanics of Weimar inflation published in 1974.

...
The crucial passage comes in Chapter 17 entitled "Velocity". Each big inflation -- whether the early 1920s in Germany, or the Korean and Vietnam wars in the US -- starts with a passive expansion of the quantity money. This sits inert for a surprisingly long time. Asset prices may go up, but latent price inflation is disguised. The effect is much like lighter fuel on a camp fire before the match is struck.
People’s willingness to hold money can change suddenly for a "psychological and spontaneous reason" , causing a spike in the velocity of money. It can occur at lightning speed, over a few weeks. The shift invariably catches economists by surprise. They wait too long to drain the excess money.
"Velocity took an almost right-angle turn upward in the summer of 1922," said Mr O Parsson. Reichsbank officials were baffled. They could not fathom why the German people had started to behave differently almost two years after the bank had already boosted the money supply. He contends that public patience snapped abruptly once people lost trust and began to "smell a government rat".
Some might smile at the Bank of England "surprise" at the recent the jump in Brtiish inflation. Across the Atlantic, Fed critics say the rise in the US monetary base from $871bn to $2,024bn in just two years is an incendiary pyre that will ignite as soon as US money velocity returns to normal.

... it may but most likely it won't for three main reasons ...
... 1) the dollar is a "sovereign" "de facto" currency of a 50% of the market to be conservative ...
... 2) the devaluation of the dollar forces all economies oil dependent to the same path (so there is no "apparent" devaluation when all the currencies are devaluating at the same rate) ...
... 3) the cleptocracy perfectly knows that their wealth and leading position would evaporate under hyperinflation, so the hyperinflation is transferred to the weaker rocks of the pyramid, at the bottom, to the smaller countries and the smaller people, the ones not part of the nazi-mafio-kkkristian "cabal" of wall street ...

... that explains eloquently why the last ten years of governance ...
... bankrupted borrowers and cleaned up people investments ...
... the financial lobby used emergency governmental instruments ...
... not for the benefit of their country but of themselves ...
... that happens when governments have no sovereignty ...
... and the sovereignty is in the hands of speculators ...
... this are the results of the jekyll island coup ...

... to be honest ...
... they should change the name ...
... from US of America ...
... to the banks of the US of America Corporation ...
... they won't tell you, you need to connect the dots yourself to understand ...
... this is a big theater of overpaid actors ...
... the "cabal" kkkristo-mafia-nazi members ...
... exchange chairs and million dollars paychecks ...
... and nothing ever changes ...
... except "your" emptier wallet at each turn ...
... regardless weather you live in Britain or america ...
... the differences are only "cabal" or "not cabal" ...
:)