The US has in fact invented paper money hyperinflation. Look up the currency the continental. The statement that US has never experienced hyperinflation is wrong.
I don't think the problem is as bad as you say, You assume that prices don't reflect the M3 or M2 money supply, but rather only the supply of physical currency, that assumption is plainly absurd. To say that the prices of goods reflect a money supply of only about 300 billion is absolutely wrong. Remember many of the things purchased at the time of that graph was from ATM debt/credit cards, not physical currency.
I'm not sure, but just part way through, looking at his graphs, the scales are WAY off. The Dollar graph goes back to 1960, while the Euro goes to 1998. The Aussie graph goes back to '84, and Japan goes back to '98. It doesn't change the overall point, but it does make things look a little less drastic.
Please explain to the rest of of the viewers who don't hold MBAs, what M1-M3 money supply is. Finances are extremely complex so you MUST add this to your video description. For the rest of us, just wiki Money Supply and read its definition under Empirical measures. That wasn't too hard, was it?
Great video... one suggestion though... can you mention the affect of an economic multiplier (potential if this crap ever comes off the books and into actual circulation) and the estimated changes that have been taking place in M3? (using shadowstats or something). I'm trying to gather information foor my friends/family and need to present in laymans terms. Perhaps an explanation of the differences between M1,M2,and M3. (to make a more complete presentation for the general public)
I guess this is why gold is soaring right now (1850$)... all that money has to go somewhere ?
Castorios 5 months ago
very very informative. thanks
kapil1ly4u 7 months ago
you have no idea what you are talking about at all your economics degree from wikipedia is not sufficient
TheAcehd 9 months ago
The US has in fact invented paper money hyperinflation. Look up the currency the continental. The statement that US has never experienced hyperinflation is wrong.
leninstreet 2 years ago
I don't think the problem is as bad as you say, You assume that prices don't reflect the M3 or M2 money supply, but rather only the supply of physical currency, that assumption is plainly absurd. To say that the prices of goods reflect a money supply of only about 300 billion is absolutely wrong. Remember many of the things purchased at the time of that graph was from ATM debt/credit cards, not physical currency.
Wcoltd 2 years ago
I'm not sure, but just part way through, looking at his graphs, the scales are WAY off. The Dollar graph goes back to 1960, while the Euro goes to 1998. The Aussie graph goes back to '84, and Japan goes back to '98. It doesn't change the overall point, but it does make things look a little less drastic.
Mnementh2230 2 years ago
Please explain to the rest of of the viewers who don't hold MBAs, what M1-M3 money supply is. Finances are extremely complex so you MUST add this to your video description. For the rest of us, just wiki Money Supply and read its definition under Empirical measures. That wasn't too hard, was it?
chkdg8 2 years ago 3
Great video
njcarlos1 2 years ago
FDIC insurance already declared they needed a bailout.....
It happened...
FriendOregon 2 years ago 2
Whats m1 stand for?
FriendOregon 2 years ago
What a video finish! The suspense is killing me, but I picked up 90 more ounces of silver today so I might survive. MWAHAHAHA
tyronebiggums3 2 years ago
please turn off your phone!!!
CildLeftBehind 2 years ago
Interesting video, but please turn off your cell phone before you record a video. :-)
TheRealEda 2 years ago 4
Great video... one suggestion though... can you mention the affect of an economic multiplier (potential if this crap ever comes off the books and into actual circulation) and the estimated changes that have been taking place in M3? (using shadowstats or something). I'm trying to gather information foor my friends/family and need to present in laymans terms. Perhaps an explanation of the differences between M1,M2,and M3. (to make a more complete presentation for the general public)
Randomness4u2 2 years ago