By going down the road of hyperinflation, we are systematically destroying the value of the reserve currency of the world, we are piling up trillions of dollars of debt that future generations would never possibly be able to repay, and we are setting the stage for the inevitable meltdown of our current financial system. In other words, we are literally committing national suicide.

Following World War I, they did the exact same thing in Germany. The Weimar Republic created money like there was no tomorrow, and at first it fueled a tremendous speculative boom. Just a couple days ago, Michael Burry posted about this on his Twitter account… “Speculation alone, while adding nothing to Germany’s wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes. Everyone from the elevator operator up was playing the market.” But that bubble didn’t last, did it?

Germany plunged into a horrific economic depression that shocked the entire world. Eventually, people were running around with wheelbarrows full of cash to pay for things, but nobody wanted the money because it was so worthless. And of course the collapse of the Weimar Republic set the stage for World War II. So why do we refuse to learn from history?

Sadly, it isn’t just the US that is going down a hyperinflationary path. Governments all over the globe have been printing, borrowing and spending money at unprecedented levels, and now the ratio of the world’s debt to GDP has reached a staggering 356 percent… We all know how this story ends. It ends with an absolutely nightmarish global economic collapse.