They Have Lost Control, And Now The Dollar Is Going To Die, by Michael Snyder

What happens when galloping monetary inflation becomes runaway monetary inflation? From Michael Snyder at themostimportantnews.com:

I think that they actually believed that they could get away with it.  I think that they were actually convinced that they could create, borrow and spend trillions upon trillions of dollars without any serious long-term consequences.  But they should have known better.  The people running things are very highly “educated”, and after spending decades getting to their current positions they are supposed to be “experts” that we can trust with very difficult decisions.  Unfortunately, the “experts” have put us on a path that leads to currency collapse and financial ruin.

All throughout history, there have been many governments that have given in to the temptation to create money at an exponential rate, and it has ended badly every single time.

So our leaders should have known better.

But it is just so tempting, because pumping out money like crazy always seems to work out just great at first.  For example, when the Weimar Republic first started wildly creating money it created an economic boom, but we all know how that experiment turned out in the end.

This week, the mainstream media is full of talk about inflation, and many of the talking heads seem mystified that things have gotten so bad.  But anyone with half a brain should have been able to see that this was coming.  Just look at what has been happening to M2 since the start of the pandemic.

What we have been doing to the money supply is complete and utter lunacy, and this is inevitably going to kill the U.S. dollar eventually.

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