Posted on 04/03/2022 9:12:49 AM PDT by PeterPrinciple
Blog/Opinion Posted Apr 3, 2022 by Martin Armstrong Spread the love
QUESTION: Hi Martin, What do you think banks will do with mortgages if we continue experiencing high inflation and/or hyperinflation? Do you think we might be able to pay off a mortgage with gold if things get bad enough?
Marc
ANSWER: No! The contract is in dollars and that cannot be altered. There won’t be hyper-inflation for that takes place when the CONFIDENCE in government completely collapses. The shallow analysis of even the German Hyperinflation has created such a myth that inflation is the result of an increase in the money supply – WRONG!!!!!!
To set the record straight, the hyperinflation followed the Weimar Republic’s FORCED LOAN in December 1922 when they seized 10% of everyone’s assets and gave you a bond you can buy on Ebay. Once that took place, people would no longer accept German currency and exchanged everything for foreign currencies, art, rare coins, stamps, and real estate.
In 1925, when Germany had to issue a new currency, it was backed NOT by gold, but by real estate. The same human response took place in Zimbabwe and even Japan because the emperors would devalue the outstanding money supply to 10% of what it was valued out and issued their own coins at the new value. The people refused to accept Japanese coins turning to Chinese and bags of rice. Japan lost the ability to issue coinage for 600 years.
This inflation is NOT based on printing money. This inflation is based upon shortages of goods. The source is very different and this is not going to end well. Biden’s sanctions have undermined the entire world supply chain. We are all connected and that includes Russia and China.
To create even more deliberate chaos, the Biden Administration is now out to impose trade restrictions on China as well. U.S. Trade Representative Katherine Tai is advocating a dramatic change in the United States’s relationship with China. The Biden White House has concluded that trade with China should be altered to be a defensive economic posture rather than continuing under the Phase One trade deal brokered between the Trump administration and Beijing. Like everything else, whatever Trump did, Biden is going out of his way to reverse it.
This will only further increase inflation right into 2024 and destroying the world economy removes any incentive to work together. Once Biden destroys the economic foundation ties with China all to put pressure on the World Economic Forum’s Great Reset, it looks like all-out World War III will unfold after 2024. Biden and his entire family have been bought and paid for. I find it outrageous that the Democrats demand Justice Thomas recuse himself because of comments of his wife, yet Biden is perfectly fine dealing with China and Russia when they have poured millions into his family’s pockets.
Biden seriously needs to be REMOVED from office as a matter of National Security.
Martin Armstrong is not "drive by reading" You need to read it slowly, let your lips move and read it again.
Well no doubt all the ‘troubles’ are due to policies PDJT put in place during the capital riots on 1/6. Kinda like a trap so branDUHn would fail. Right? Hello? Is this thing on? Sad to say, there are plenty of folks who believe that.
Trump wins, then reset all accounts and prices back to the day he left office...
This inflation is NOT based on printing money. This inflation is based upon shortages of goods.
The fact is it is BOTH. and there are other factors to inflation too.
He is telling us the MAJOR driving point of this inflation is shortage of goods. And it is going to get worse.
I am tending to agree with him.
Theres about 8 entire departments of the govt that can.be abolished. Start with the dept of ed
Thanks for posting.
This will only further increase inflation right into 2024 and destroying the world economy removes any incentive to work together.
OUr only hope is the next election? We can’t be passive.
Even then there are consequences to all the prior bad decisions. Bad decisions have a heavy cost whether personal or business or government.
Sad to say, there are plenty of folks who believe that.
We need to educate every damn fool we meet. Most we will shake the dust from but every once we will find an individual to “camp” with.
Be LOUD and VOCAL and find the warriors.
It's the relationship between goods and money.
LOL! Some we know are unsalvageable. The comeback-—”You watch too much Fox news.” 😂🙌 Every once in a while though...........
“This inflation is NOT based on printing money.”
indeed ... all those pictures of folks in the Weimar Republic pushing wheelbarrows full of bundles of paper money have been definitely proven to be photoshopped ...
same with the gazillion dollar notes from Zaire: totally fake, never happened ...
No reset is possible. You cannot unbreak an egg.
So we must proceed with making the very best omelette we can of this now broken yolk.
The fact is it is BOTH ....
It’s the relationship between goods and money.
/s
Quite right!
However, those of us not a part of any "Zuckerberg" network, operate for the most part at the local level.
Our nation's future depends on our political party in opposition at the national level. See, for instance, the importance given to disrupting the recent Jan6 Special Session.
Biden depleting our energy reserves is more a threat to national security, but he keeps plodding along with the same dumb ‘climate change’ nonsense. What a dipstick!
It is not Biden or even the lamentable Kamala. It is the cabal running those two disposable puppets.
The WEF/Davos crowd WANT to scour the planet down to bedrock for their Great Whatever. Not just the US, but they intend to destroy every government and are working as hard as they can to ruin the very soil, air and water on which all life depends. Not to mention reduce populations.
They are demented and evil and must be stopped.
I used to enjoy reading/watching dystopian fiction. The reality is like living in a horror film, only IRL.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.