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@jackrosario9990

Ай бұрын

No it won't, Germany was on the gold standard and the United States is not, federal taxes and control of interest rates and money given out by the federal reserve, the United States hasn't been on the gold standard since Nixon took the USA off it

Ah yes the most neutral party to mediate a German territorial dispute less than 5 years after WWI was obviously *Belgium*

@neurofiedyamato8763

2 жыл бұрын

Can't possibly see anything wrong with that XD

@ahmadniam3568

2 жыл бұрын

Of course

@awildtannerwasfound5045

2 жыл бұрын

@N Fels That’s cause they are, I propose two new states: South Netherlands and North France. No more Belgium. Belgium bad.

@poiuyt975

2 жыл бұрын

@N Fels That's a contemporary point of view. It was not so in that first half of the XXth century.

@himoffthequakeroatbox4320

Жыл бұрын

The country that has a territorial dispute with itself.

I appreciate you all actually detailing why the German mark devalued the way it did. Too many programs/textbooks simply say: "Germany lost, war reparations, then hyperinflation" without going into the actual economic mechanics and politics at play.

@janusx66

Жыл бұрын

But they wont tell you that the inflation begun in 1914. War costs money, and they had not enough to make war, not the Germans, nor the Allies, that's why they came up with a inflation economy.

@MrMarinus18

Жыл бұрын

The Weimar republic kind of was the very first corporate welfare state.

@lordraydens

Жыл бұрын

@@janusx66 losing the war blew that open. had germany not been fucked so hard, they might've been able to get some kind of handle on it

@sarahconner9433

Жыл бұрын

Tell Aviv bankers

@888ssss

Жыл бұрын

they dont want you to spot their global paper game.

So exactly 100 years ago the government, economists, and industrialists were just as stupid as we are today.

@emuriddle9364

2 жыл бұрын

Pretty much. Colonialism and Westward Expansion gave them a false sense of superiority. To the point where they ignored what's really happening in their own country. (Everyone thought that WW1 was going to be like the Boer War: A simple adventure.) But it wasn't.

@freeeggs3811

Жыл бұрын

You do know the government didn’t cause hyperinflation right?

@tommyscott9085

11 ай бұрын

​@@emuriddle9364Hopefully the rest of the world does not follow the mistakes of the West.

@mattipps

9 ай бұрын

Very very stupid which seems odd. Maybe it's by design.

@terrancejfry497

8 ай бұрын

​@@emuriddle9364colonialism also invented the modern world, so in short, get fucked.

"Trillion dollar coin" Well there goes my....everything

@NandiCollector

2 жыл бұрын

LOL! :D

@ameyaagarwal1170

2 жыл бұрын

United States of Weimar

@johnl.7754

2 жыл бұрын

Not really that is only 3.4% of National Debt of $28.8 trillion 😳

@Fronzel41

2 жыл бұрын

@@ameyaagarwal1170 Weimerica

@eddied.5156

2 жыл бұрын

Saying the last president was reckless for spending 8 trillion in 4 years while trying to spend 8 trillion in under a year. 🤔 Gaslighting has been perfected under the former vp and his handlers. 🤷🏻‍♂️

My grandfather used to tell me how they got a quarter of an hour off during payday which was already once per week. They took their envelopes, ran outside where their wifes were waiting and handed them the envelopes. The wifes then immediately spent that money (where money was still accepted) because that money might buy them a bread today and be completely worthless tomorrow. I still own money from that period that has been stamped over multiple times because they could not print money fast enough so they restamped existing notes. Usually with a factor of 10 to 100. Utter madness.

@NilsNone

Жыл бұрын

in my grandparents house we found some reichsmark in the windowframes as insulationmaterial.... its was just cheaper to use money than to get some propper stuff in there

@adamdawson8285

Жыл бұрын

That’s what coming worldwide after 2025/26 but this will be 100x worse with the society we have created by the think tanks programmed people

Rising beer prices probably is the most German reason to riot for 🍺🍺🍺🍺

@hlynnkeith9334

2 жыл бұрын

Why not? The Dutch rioted when their governors tried to tax beer. (07 October 1714)

@wills2140

2 жыл бұрын

Man, the things that happen in german beer halls ...

@Sabrowsky

2 жыл бұрын

Beer is serious business dude

@johnr797

2 жыл бұрын

"The Beer Hall Punch"

@jjns5600

2 жыл бұрын

@@hlynnkeith9334 Oh when England exacted steeper tea taxes on the American colonies (Boston Tea Party, 1775)!

My wife is German and she has a 5 million Mark bill that is printed on only one side.

@MenwithHill

2 жыл бұрын

I think that technically only makes it 2.5 million marks

@GregMoress

2 жыл бұрын

@@MenwithHill I bet she wants her.... money BACK

@dbergerac9632

2 жыл бұрын

During the Carter administration, the Bureau of Printing and Engraving was authorized to print US currency on one side, "if it should become necessary".

@danreed7889

2 жыл бұрын

@@dbergerac9632 thankfully we didn't get to that point

@issintf925

Жыл бұрын

@@dbergerac9632 That is wild! Is there any source you could link for that?

Subtitles and spoken endings are a bit different. "The only history channel betting on Kerenski Rubles" is also a great line!

'stopped backing their currency with gold' True story: My own government is now refusing to exchange silver for cash money. So there's that.

@Billhatestheinternet

2 жыл бұрын

Hey, the US quit backing the Dollar with silver by the 1960s.

@chinesememer

2 жыл бұрын

Fiat currency was invented by song dynasty chinese which lost the entire country to kublai. It’s simply an exploitation of the common people. No lessons were learned since kublai was more interested in ‘turning mongols into chinese’.

@user-xb9yv2ci4c

2 жыл бұрын

Fiat can work, if not too much money is printed and credits are revoked if there is too much inflation.

@duckman12569

2 жыл бұрын

​@@user-xb9yv2ci4c It's just funny how it keeps happening with inflation. Almost like those criticisms are guaranteed to keep happening with such a system.

@iamthetruemichael

2 жыл бұрын

What government? I know you're not talking about the USA, the US government hasn't backed fiat with metal since the 60's... If you want to exchange dollars for silver in the US go to a currency exchange shop.

This is a very sad story, especially because of the parallels we can see happening today. Humans never learn.

@FirstLast_Nba

2 жыл бұрын

It's ALMOST Deliberate ............ !!! ???

@gregorysaugustine5236

2 жыл бұрын

Human can only truly understand what they've experience by themselves. Teachers can only do so much and hope the new generation learn from their experience. Well hope and gamble is two side of the same coin, I think.

@TuhljinTampergauge

2 жыл бұрын

"Inflation isn't real" - Biden administration a few months ago "Inflation is only a problem for rich people" - Biden administration last week

@surroundgatari

Жыл бұрын

Clearly we need more wars. The glory itself must surely stabilize the price of salmon, we just need to believe harder

@sarahconner9433

Жыл бұрын

Your very naive.... LUCIFER AND LUCIFERIANS are running this little planet

I was once asked why paper money had value while a paper napkin did not. I explained that the money had confidence behind it, confidence that it could be exchanged for some thing, the napkin did not. When you start printing money like napkins it starts to have the same level of confidence, some thing you might blow your nose with but not much else.

@Grizabeebles

2 жыл бұрын

I'm partial to the explanation "the value of money is completely symbolic". It's not just a matter of enough people "having confidence" in a given currency. Much of contemporary consumer finance relies on obfuscation through complexity in order to fleece the unwary and encourage those with assets to hand over their money and only think about what the finance professionals are doing with it once per quarter. The system isn't built on trust in the value of money. It's built on *trust in the value of "the clergy" of money*.

@ianbaker2599

Жыл бұрын

@@Grizabeebles You said that so eloquently, and yes so true. In Australia they have a more crude saying "baffle them with bullshit", meaning much the same thing. Much of todays world is like that, too complex but made that way on purpose.

@888ssss

Жыл бұрын

nice opening line about the napkin. i will save that.

Me a person watching this video in 2021: *sweats nervously*

@klm20079

2 жыл бұрын

its already happens... prices are sky rocket now days... house prices, food prices... getting worse.

@gregbors8364

2 жыл бұрын

@@klm20079Way to be overdramatic… the little bit of inflation the US has experienced is nothing like it was even in the 1970’s, let alone Germany during the time period described here… are you taking wheelbarrows full of cash to the grocery store?

@halljustin4306

2 жыл бұрын

@@gregbors8364 as if I can afford a wheelbarrow. Lmao

@asiblingproduction

2 жыл бұрын

@@gregbors8364 Not yet, but it could very quickly get out of hand. Nobody foresaw 2008 happening till it happened.

@HoraceRocketMan

2 жыл бұрын

@@gregbors8364 yeah dude, absolutely nothing to worry about. little problems never grow, as history confirms :)

Wait a second, where have I heard this one before...

@Truthorfib

Ай бұрын

Ukraine sounds like Upper Silesia. There are Ukrainians that are pro-Russia as they are ethnically Russian. And there are pro-EU mostly from Lviv that used to be historical Poland.

@fulamorales2943

23 күн бұрын

rich dad, poor dad! R.K😁🥳🤫

My grandfather collected stamps here and there and he happened to have quite a few from Germany since that is where his family was from. I saw at least two 5 billion mark stamps in the collection. When teaching inflation to students I bring those up and try to see if they can grasp spending $5 billion to send a letter through the mail.

@mikeromney4712

2 жыл бұрын

...and send the letter now on thursday, tomorrow it cost 6 billion RM...... I remember family stories from my German great grandparents, when my great grandmother nearly lashed out and bursted in tears when my great grandpa did not go shopping immediately after receiving the weekly wages on Friday. On Monday he would got a half bread and a button without any thread for his wages as shipping company employee... "Heinrich, shall we starve because of your stupidity?".....The shops immediately tried to get rid of customers and to close them early. For them it was also ruin if they still sold something at the old prices of this week. If you weren't quick on Friday afternoon, you had empty pots for the next week. The reason why hard bread could be bought at new prices on Monday....;)

@marcusmaynard1526

2 жыл бұрын

They are going to get to soon considering the fact that our central banks are printing so much money.

In Germany's former Pacific colonies the Mark went the other way from 1914; it started to appreciate! The problem was the shortage of German Marks there after Allied (i.e. Australian) occupation in September 1914 to meet demand. This prompted the Australian Government to print off thousands of paper Marks to stabilise the currency in the former German colonies. Both the German and Australian Marks were withdrawn by mid 1915 and replaced by British and Australian Pounds. The Australian Marks are extremely rare and valuable nowadays and a set still exists in a museum in Munich.

@GabAintGabbing

Жыл бұрын

I'm gonna go out on a limb here and assume that you're talking about Austria?

@ktipuss

Жыл бұрын

@@GabAintGabbing In September 1914 everyone still thought that the War would be over by Christmas and all armies would go back to their original countries and occupations would end. Thus New Guinea and the islands would return to Germany, so no need to change the currency in 1914 from the Mark. By April 1915 it was apparent the War would last much longer and so the Mark was withdrawn.

@cd5433

Жыл бұрын

@@GabAintGabbing Australia occupying German island territories .

@jointhecommunistpartywegot9415

Жыл бұрын

​@@ktipuss Wich museum holds the set?

@andrewjgrimm

Ай бұрын

@@GabAintGabbingPretty sure Australia was meant, as Austria was a Central Power, and Australia (as part of the British empire) was part of the Allies. At least one of Germany’s colonies eventually became an Australian run colony (Papua New Guinea).

Only a few years off course in our current repetition of the past. The first decade of the 21'st century has been hauntingly familiar.

@hiddentruth1982

2 жыл бұрын

U.S. is going through the same thing. they are trying to print a 1 trillion dollar coin. very much like Germany did in the 20's.

@frederickbays405

2 жыл бұрын

@@hiddentruth1982 try again kid U need to look at just what Germany was going through (war debt to capitalist in Germany, paying reoperation & trying to rebuild a nation that had been almost destroyed by war The USA has none on these USA only problem is a very much bloated military budget by about 90% If USA where not spending over a Trillion/yr (yes it is over a T b/c of on going projects not the almost 800B budgeted for 21/22) it would haver more then enough $ to do all it needs to do to be the leader of the 31st Centry it should be

@mikefowler301

2 жыл бұрын

@@frederickbays405 Bullshit, the U.S. was not doing that in the 1920's.

@mikefowler301

2 жыл бұрын

31st century? LOL

@ForelliBoy

2 жыл бұрын

Especially that segment 12:53 about the ultra-wealthy stockpiling their cash abroad to avoid taxation while the domestic situation degraded

My maternal grandmother lived during the weimar republic hyperinflationary period. She told stories of how her father (who worked in a small factory) would draw his pay in cash at lunchtime on Friday. The children would line up to receive their share of the paycheck to run off and buy bread, eggs, flour, etc., before the prices rose after lunch.

100 years later, and here we are all over again.

@m9078jk3

2 жыл бұрын

Ah 2040 The second Battle of Britain

@1320crusier

2 жыл бұрын

@@m9078jk3 I mean.. it does seem like Germany wants a third go at it xD

@theyoutubenomad.3035

2 жыл бұрын

@c0ya1 so the us economy basically operates as the backbone of the world economy .

I don't know why but there's something fascinating about studying economics.

@specialnewb9821

2 жыл бұрын

It's so dismal

@cardenasr.2898

2 жыл бұрын

Economic history is marvelous indeed

@midsue

2 жыл бұрын

Agree 💸

@olegkosygin2993

2 жыл бұрын

I guess it's educational

@rc59191

2 жыл бұрын

@@specialnewb9821 I wouldn't say that lol unless you're talking about the economics in the fallout games then that's pretty depressing.

So rich people didn’t pay taxes while speculating wildly on dubious currencies. The past sure was weird…

@michaelclark3261

2 жыл бұрын

Ah delicious irony

@collie8

Жыл бұрын

😂

One man had foreseen all this postwar struggles, Ivan Bloch, a polish russian prewar railroad tycoon who had analysed the economic impacts of the wars during the mid of the 19th century in the USA and in Europe. He came to the conclusion that wars between full developed countries are senseless as even the victorious party could only win by overstreching its own ecomonic power so at the end this party would face the same crisis as the defeated party and won't achieve any benefit out of a future war.

@mikeromney4712

2 жыл бұрын

But Ivan was wrong in terms of the newer time. That was true before wars were fought in gigantic coalitions to ruin whole continents....It needed only two world wars to establish a fraud-based global banking system...with clear economic winners.....

@jamesmeow3039

2 жыл бұрын

Pretty sure Maynard Keynes was the most prolific critic of this. His book Economic Consequences in 1919 went through six editions and was published in like 20 languages or something crazy

Still as brilliant and informative a series as it was 7 years ago X-D I'll keep keeping an eye on the series episodes coming out :-D

@rubengutierrez19

2 жыл бұрын

Same I miss indy but this guy has gotten much better since he started

Every episode Jesse gets better and better. It will not be long until Hollywood notices and makes him the next James Bond...

@qr8440

2 жыл бұрын

Names Bond, Jesse Bond. ... I'll see myself out.

@SteveMikre44

2 жыл бұрын

@@qr8440 🤣

@SteveMikre44

2 жыл бұрын

@Uncle Joe 🤣

@Nick-ce6lt

2 жыл бұрын

@N Fels Lol but it's Bond, War Bond

@TheSquidPro

2 жыл бұрын

I'd rather not see him backseat on a little scooter. Jesse deserves more honor like Odenkirk in nobody.

For a modern example of hyperinflation, see Zimbabwe. They were printing 100 trillion dollar (Zimbabwean) notes in 2008.

@cardenasr.2898

2 жыл бұрын

Venezuela is also a relevant example, as they have removed digits from their currency a number of times

@WalterReimer

2 жыл бұрын

@@cardenasr.2898 Argentina, also, as well, too.

@cardenasr.2898

2 жыл бұрын

@@WalterReimer that is correct, Argentina has a long history of inflation and is currently on the double or triple digits of yearly inflation if I am not mistaken

@finejustgivemeaname

2 жыл бұрын

I might still have one of those

@derekbrunette222

2 жыл бұрын

at that much inflation, their single denomination notes had to have been cheaper than individual squares of toilet paper

Money machine goes brrrrrrrrrr

@carlyellison8498

2 жыл бұрын

This is not true.

@user-zl1yn6ys1c

2 жыл бұрын

Brrrrrrr

@StonieTark

2 жыл бұрын

@@carlyellison8498 thanks for fact checking the sound a money machine makes, very useful, added lots to the conversation, you must be a blast.

If you are Argentine, you can relate to almost everything that was explained in this video.

@888ssss

Жыл бұрын

thats if you can afford electric to view it.

@tommyscott9085

11 ай бұрын

​@@888ssssSheesh do you live in Argentina?

@michaelrodriguez3329

5 ай бұрын

My aunt who lives in Argentina . Tells us here in the U.S. How much buying power the U.S dollar has . If you want to take a nice vacation and get more for your dollar, go to argentina

The Great War thank you for an episode I have been hoping to see since you continued the series after 1918! Great job on presenting this great historical information to us, Jesse (:

"The entire tax system is a shaky house of cards" Lebanon 2021

@GamerFr0mSWE

2 жыл бұрын

Those who do not learn from history are doomed to repeat it..

@starwarzchik112

2 жыл бұрын

@@GamerFr0mSWE Just wait until a Syrian fails art school.

@riograndedosulball248

2 жыл бұрын

Lebanon just cannot catch a break...

I have been waiting for this episode. I want to understand this situation.

Exactly 100 years ago and History is repeating itself. Thank you for covering the post-war years.

@Willy_Tepes

2 жыл бұрын

I am so exited for what comes next ;) 2033, start of a new age?????

@samarkand1585

2 жыл бұрын

Repeating how?

@calebkoivisto5524

2 жыл бұрын

@@samarkand1585 My government, the US Government is printing vast sums of money to pay for itself, and as result prices on goods have gone up. We are 29 trillion dollars in debt.

@samarkand1585

2 жыл бұрын

@@calebkoivisto5524 The scale is absolutely not comparable

@calebkoivisto5524

2 жыл бұрын

@@samarkand1585 Of course. I am just saying that in some aspects history repeating itself

Muchas gracias por el excelente trabajo.

Thank you so much for this channel

Very interesting. Thanks for the numbers

Keep up the great stuff

What a great video. Thanks for making this.

Couldn’t be more timely

@meegz149

2 жыл бұрын

why?

When events seem to repeat after 50 or 100 year periods one is tempted to assume history is cyclical however it is necessary to differentiate between structural and punctual crisis. Before saying "history repeats itself" you must carefully analyze the circumstances around the periods you want to compare

@voskoff7

2 жыл бұрын

Shutup

@olegkosygin2993

2 жыл бұрын

We are in an unprecedented age. We've never been so populous, we've never had so little natural world left - back in the previous collapses and wars, people went to forests and foraged in the fields, but nowadays it's all just farmland and sprawl. Green desert where most of the year, there's nothing at all to eat. And we've never ever been this dependent on never-stopping, never-slowing growth. If we are to end up in a situation where a fifth of the country has starved to death 100 years ago, we'd lose much, MUCH more people MUCH more rapidly. Perhaps so rapidly that we won't be able to readjust quick enough.

@Willy_Tepes

2 жыл бұрын

Maybe these events are not organic, maybe they are orchestrated by those who profit from unrest? Maybe this seems like Weimar 2.0 because they are following the same plan as last time, but now on a global scale?

@olegkosygin2993

2 жыл бұрын

@@Willy_Tepes You're giving them way too much credit. These elites are simple animals, thinking in short term, following the smell of food/money. It's very rare for them to think in the long term, and this is why revolutions are both possible and inevitable. Lenin's said: "those who make change impossible make revolution inevitable", and they do indeed make change impossible because they're already at the top and any change would challenge that.

@cardenasr.2898

2 жыл бұрын

@@olegkosygin2993 yeah I guess you got a point that they can't be that smart to predict such changes however as a historian I have seen situations were an apparent change was more like an "update" to the system to keep the basic structure going. I know because my country's independence was due to one of those "revolutions to keep things the same"

Firstish? I’ve been waiting for this episode for a while, glad it’s arrived

It's funny how history repeats. Useless paper Dollars,Pounds and Marks are being printed at a astonishing rate.......to fight inflation. Thanks for the history lessons.

@888ssss

Жыл бұрын

if they can con you to work for paper they will.

@chinguunerdenebadrakh7022

8 ай бұрын

People really be thinking 8% inflation is "literally Weimar Republic".

Nervously shifting in my seat watching in 2022

@thepearlswirl

Жыл бұрын

2023 here I’m shaking lol

Jesse & Flo, Outstanding episode! Real Time History and The Great War channel gets better every week.

@TheGreatWar

2 жыл бұрын

thank you!

@jessealexander2695

2 жыл бұрын

Thanks!

@undeadalex4579

2 жыл бұрын

@@jessealexander2695 just qouestion is that really you jesse?

@jessealexander2695

2 жыл бұрын

@@undeadalex4579 I don't think I have any impostors, so yes.

Why bother demonetizing the channel when hyperinflation will do the same thing naturally. A timely topic from 100 years ago!

The American dollar is no different. Except for one major issue. Nearly every nations currency is backed by the US dollar today. So, when the dollar inevitably collapses, the world goes with it.

@JohnDoe-pv2iu

2 жыл бұрын

Actually the one major difference is that America is the world's 'Bruno'. See Bruno is a DA and embarrassment to his friends. He drinks and spends too much and is irresponsible... But when his friends (the World wealth) want somebody's legs broken, Bruno handles it... So all else is forgiven of Bruno. You Get it?

@drivenbyrage5710

2 жыл бұрын

@@JohnDoe-pv2iu sounds like Nicky Santoro from Casino.

@Derp12

2 жыл бұрын

@@JohnDoe-pv2iu I hope you're referring to only the government and not the people

@JohnDoe-pv2iu

2 жыл бұрын

@@Derp12 I am definitely referring to the 'Establishment'... Not the People.

@geordi5054

2 жыл бұрын

The dollar is extremely unlikely to collapse, especially as major investors like China will go through great lengths to support it.

Interesting and thought provoking. Thank you.

3:50 It's refreshing to see a mainstream newspaper writing the truth. That would be unimaginable in modern day Germany.

@Ackalan

2 жыл бұрын

I was thinking the same about the West in general.

@poiuyt975

2 жыл бұрын

@@Ackalan True.

Thank you very much for this engaging and useful video. Both the primary and secondary sources used aid to the comprehension of the topic. This is of utmost importance for teachers and researchers who work on the economic effects of WWI in Germany.

Happening now in the US

@thepearlswirl

Жыл бұрын

exactly why I’m here💀

One thing that wasn’t covered here is that the German Mark was being pretty heavily insulated for many years prior to 1914. If you really want a very in-depth look at this object, Manako 64 released a video today on it, it was fantastic

Venezuela: hold my money

Cool vid!

Great vid

It's crazy how many parallels there are to the USA today.

@1320crusier

2 жыл бұрын

But hey, lets spend 12 TRILLION in a year. Itll be fiiiinnnnee

@varana

2 жыл бұрын

@@1320crusier The differences between the current USA and early Weimar Germany are staggering, though. Like one, the US is still the main economic power of the entire world, is politically mostly stable (unless some morons decide to occupy the seat of Congress), and markets around the globe trust their ability to not default on their loans. It's comparing apples to pears. Well, except for the inability of reluctancy to tax the rich.

@jjns5600

2 жыл бұрын

@@varana There's really no comparison to be made. The USA was not militarily and hence it's economic and industrial infrastructure largely demolished. No upheaval of our political system and no real threat to it (some would argue from within), etc. To put it briefly, "the state of our union" is secure, despite the political infighting and occasional social unrest. Once again, there's no fair comparison to be made.

@GregMoress

2 жыл бұрын

Complete with demonizing a race of those who test higher in math and reading.

@roryokane5907

2 жыл бұрын

@@varana that bit at the beginning of the video that all the libertarians screeching about quantitative easing seem to be ignoring - that the Brits helped finance their war by whacking up taxes on the wealthy and business, which worked out better. Hrm. Wonder why.

Yes, you hear about this all the time. This was by far the most detailed description of the event.

This video is brilliant

I heard a story from a German dude, where's his greatgrandfather got robbed . But the robber didn't stole the money, the robber stole the wheelbarrow .

@antpoo

2 жыл бұрын

I heard it was a wheelbarrow. The guy was hauling a wheelbarrow of cash to the bank, the robber stole the wheelbarrow.

@John8coming

2 жыл бұрын

Sure I'll change my comment

Sounds like where the US is headed now

@RiwenX

2 жыл бұрын

And Europe.

@goldeneagle3088

2 жыл бұрын

@@RiwenX nah, definitely just US

@carlyellison8498

2 жыл бұрын

Wrong. Please do not spread information hysteria.

@JonMI6

2 жыл бұрын

@@carlyellison8498 we have clowns that want to spend money like it’s going out of fashion. They’re telling us that $3.5T is 0

@RiwenX

2 жыл бұрын

@@goldeneagle3088 Not sure where you're from. But in my country, as well as in the Eurozone, money supply has multiplied, loans are thrown after anyone, and food and fuel prices are rising every week.

Hi Jesse, awesome video! What font you are using in this video for the call outs? Like the one at 4:22? And where can I get hold of it? Thank you in advance, 😀

History often repeats or rhymes

@drivenbyrage5710

2 жыл бұрын

"History doesn't repeat, but it sure does rhyme." - Mark Twain

what a perfect timing for a video on hyperinflation. Just as the US federal bank prepares to mint a 1(one) Trillion USD coin..

Watching in 2022! Great video - thanks for the lesson!

Kind of eerie isn't it how fast-forward a hundred years, the similarities are scary. Not just for us, but for the world as the dollar is king, at the moment anyway.

When I was in Ellis Island, I saw various foreign currencies on display. One of the notes was a 5 million Mark note.

@danreed7889

2 жыл бұрын

Got one

@moosemaimer

2 жыл бұрын

The government of Zimbabwe for a time was bringing in foreign currency by selling its own as novelties. Who wouldn't want a $100.000.000.000.000 bill?

@dave_sic1365

2 жыл бұрын

We are still in possession of 20.5 billion mark

one wonders why the Germans thought there was a stab in the back,

I'm curious, what was the war-financing policy of France during the war too? Especially after losing so much industrial production in the north.. I know they indebted themselves massively to the US, but what else besides that?

@undeadalex4579

2 жыл бұрын

they also relied on finance from far away colonies

I got curious about "Are there a billion leaves in a forest?" so I did a little research. I found an estimation of 2000 trees per hectare (100 meters x 100 meters, about 2.5 acres) in a natural forest. I found a lot of estimation for the number of leaves in a tree, I took 50k (its in the middle of the range, and simplify the calculations) So we got about 100,000,000 leaves per hectare, which means 10 billions leaves per km² (or about 26 billions per square miles) Even if the estimations I took are wrong by a few orders of magnitude, I think it is safe to say that there are (more than) a billion leaves in a forest.

@salaciouscrumb9312

Жыл бұрын

Excellent deduction man.

@salaciouscrumb9312

Жыл бұрын

Excellent deduction man.

Can I donate to this channel I want to help. You guys give me so much and I appreciate the new knowledge this channel brings me every day.

2:40 that guy sounds smart. If only a competent chancellor had made him minister of economics.

@jangelbrich7056

2 жыл бұрын

He was. Later under Hitler.

@cletus223

2 жыл бұрын

His assessment of Great Britain wasn't quite right though. They were largely kept afloat with American loans from 1916 on.

@stewarti7192

2 жыл бұрын

@@jangelbrich7056 That's the joke.

@nc8507

2 жыл бұрын

@@jangelbrich7056 woosh...

@jangelbrich7056

2 жыл бұрын

@@nc8507 Ya ok, calm down =)

Is it 100 years already? Ok, here we go again...

***laughs in US monetary policy***

@brazilianpc6627

2 жыл бұрын

One thing it's for sure the current keynesian global experiment has much more destructive potencial than the german hiper-inflation, 2008 or even 29

@johnl.7754

2 жыл бұрын

The main saving grace for Americans is that most developed world (Europe, Japan…) including China is in the same boat.

@TheArklyte

2 жыл бұрын

@@brazilianpc6627 just copy 1998 solution and drop US inflation onto somebody else. It's not like Russia or China would fund armed uprising in retaliation if that happens again, right?;)

@brazilianpc6627

2 жыл бұрын

@@TheArklyte this time the thing is global, everyone is on high debt and people have where to run , the cripto-currencyes

@AfricanRituals

2 жыл бұрын

@@brazilianpc6627 you’re deluded if you think the US is doing anything keynesian right now

Money printing - sounds well too familiar…

This episode is more important than you realize.

Ah you guys.....I love this Channel.

100 years from now.... "Worthless Paper Money- American hyperinflation starts after covid"

@hesliterallymebro

2 жыл бұрын

More like during

@warrenbuffet8630

2 жыл бұрын

It’s a matter of time

@roryokane5907

2 жыл бұрын

Literally not at all. Not even close. For a start, Biden wants to put up taxes on the wealthy, which as the video points out about 3 minutes in, is exactly what the British did to help avoid inflation. Second: the US is the global economic hegemon. It’s pretty secure. Third: most of the spending is on things like infrastructure projects, which as well as putting money in the pockets of Americans building them, also pay for themselves over time through gains in productivity. Third: the US hasn’t just been left a total economic wreck by a war (or by CoViD for that matter).

Thanks!

Watching this feels like sitting in a high-end college enjoying a wonderful lecture

Governments be like: -Start a War -Print money -Raise taxes ~Inflation gets higher and higher~ -Blame the population and factory owners for not paying the taxes.

@tertiary7

Жыл бұрын

bankers be like ...

Buy gold. Buy silver. Buy a safe.

The sound of the video clips is so loud that it's hard to hear the narration...

The is a very deep and revealing subject not well known in a historical sense.Text books certainly didn't cover enough,it was through my German language class this time was brought into full detail because my teacher had parents who went through it all.Whole wheelbarrows of printed marks to purchase a loaf of bread resonated with me every much as hearing the stories of my grandparents about the Great Depression.

@surroundgatari

Жыл бұрын

I don't know where you went to school, but in my Northern European country we studied this thoroughly in elementary school history class. In fact the Weimar Republic part of history class was what stuck with me the most

1:57 sounds familiar

I can see America going this route very soon.

@mattipps

9 ай бұрын

It looks more likely every day.

3:03 Interestingly, the US successfully used war bonds 20 years later. (Of course, they *also* had high marginal taxes.) 16:51 "A billion here, a billion there, and pretty soon you're talking real money!"

@thedon1570

2 жыл бұрын

This is where Biden is taking America now

@RonJohn63

2 жыл бұрын

@@thedon1570 LOLOLOLOL that quote has been around in the US since *at least* the 1970s. (And it was W who ballooned the deficit.)

I have a question that kind of applies to both channels time frames, how come the research and development of Congreve rockets seemed to just come to a halt? It seems like they could be useful in the trench warfare of WW1.

All of this sounds familiar to an Argentinian. You only need to add the goverment trying to deal with inflation with ridiculous price controls that only worsen the situation.

@finejustgivemeaname

2 жыл бұрын

I remember the early 2000s economic crisis of Argentina

@alkzavaleta7876

2 жыл бұрын

Why dont they just stop printing money? I know is not that simple but I always wanted to know why governments increase inflation by printing more and more money

@lubu2960

2 жыл бұрын

@@alkzavaleta7876 Multiples things. They're a populist party, their thing is to give things to the people: social programs, public employment, more pension, etc. The party of "the people" if they stop, they're gonna lose. They're also big on keynesian economics that says that in recessions you always need to spend to increase demand (giving money to people so they consume) and we're always in recession so the spending never stops. And obviously you need corruption in every step of the system, you have entire provinces who completely rely on public employment and do electoral fraud buying votes with food and money and if you stop printing their economy will collapse.

So basically what the European Central Bank is doing right now...

@1320crusier

2 жыл бұрын

European central bank, US govt, China (yes, them too). We are all so incredibly screwed its not even funny

@rappakalja5295

2 жыл бұрын

Quantitative easing does not equal money printing

@Ardunafeth

2 жыл бұрын

@@rappakalja5295 Yes it does. It actually does... It is exactly the same thing.

@rappakalja5295

2 жыл бұрын

@@Ardunafeth Might I suggest you pick up any macroeconomics textbook and see its definition yourself?

@Ardunafeth

2 жыл бұрын

@@rappakalja5295 It's the monetary financing of debt. It is exactly what Germany did in the 1920's... Sooner or later the system will come crashing down... Maybe you should pick up a macroeconomics textbook...Making up bullshit names for money printing is something for politicians, not for serious economists...

I want to go to a "Tax Evasion" party.😁

How to paying off debt

I felt like Jesse put a little bit more emotion in this episode, I personally liked it

Do a video on Hugo Stinnes!

History doesn't always repeat itself, but it does rhyme.

I have a question is there any solution for hyper inflation? Could you please make a video about it? And what is value investing ? Does it have any relationship with shorting?

@TeeBar420

2 жыл бұрын

The solution is to burn the treasury. Remove bills from circulation, stop making more.

@Historylover-ho6lg

2 жыл бұрын

IKillU4Free has stated what we all wish we could do and in a way, I agree with his sentiments. But more practically speaking, yes there is an economic solution for hyperinflation. The first step, and generally the hardest because it requires the most personal responsibility, is to stop the government from spending money on needless things. A government, any government, has exactly three responsibilities. 1)To provide national defense in the form of an army or police force, 2) To establish a judicial court in order to preserve national law, 3) to establish a secure monetary system. And that is all. Any government which goes beyond these has become, to some extent, tyrannical. Consequently, any and all money a government spends outside these three duties is wasted. (they can also waste money within these duties but that's another discussion) This includes ALL forms of welfare. I know many people will get angry at me for saying that but its true. Welfare has, and always will, lead to economic depression. Money is taken from the working population and given to the non-working. This encourages the non-working to stay non-working and angers the working who begin to wonder why they should work if they can just sit at home and be taken care of like the non-working. Result: less working, less GDP, depression. Its not opinion. Look up any welfare state in history. They all ended this way. It is the basic fallacy with socialist economic doctrine. (if you need an example for that, research the New Australian Movement that was set up in Paraguay in 1893. Its a classic example. I also have a personal example if you're interested.) The second step is to employ your own citizens and not outsource jobs. It is a very simple step. By doing so, your people work, get a paycheck, spend that paycheck which circulates the money back into the economy. Additionally, the products they make are then sold to the populace and exported which brings money into the country instead of importing everything others make and sending money out. This lowers the national debt, (a shocker I know but politicians apparently can't see that) and as a result, inflation lowers. Step three is what IKillU4Free said: stop printing more and more money. A nations economic worth is only so much and when you have more currency then you have treasure backing it, (whatever that treasure might be) the value of your currency decreases. This causes prices to go up and increases inflation. None of this happens fast. The theory is, that any economic change will take two years before the effects are felt. When a nation is in trouble like Germany was then, and like the United States is now, it could take longer. But this is the way to fight hyperinflation.

@danreed7889

2 жыл бұрын

@@Historylover-ho6lg a great explanation. Has any country been run this way? I think not, unfortunately.

@Historylover-ho6lg

2 жыл бұрын

@@danreed7889 Thank you and no, not many countries figure this out. The only possibility might be Switzerland but I don't know enough of their history to be sure.

@varana

2 жыл бұрын

That is _not_ a great explanation, and betrays a rather ... simplistic view of modern economy, government, and society. It's kind of a stripped-down mercantilism, and that didn't even really work in the 18th century, combined with extreme libertarianism, which has not worked, like, anywhere ever. Maybe among cavemen. There are lots more functions that a modern government has. Basic (or more than basic) welfare among them, for instance. Regulation, anti-trust measurements, and consumer protection. Keeping the social peace. Investing in the future by providing the best possible education to everyone. Running public services and public investments that benefit society but don't necessarily return a profit. And quite a lot more. "Employing your own citizens" but at the same time insisting that the government stay out of economic regulations, is such a basic contradiction that it boggles the mind how that is even taken seriously. Companies don't outsource jobs because they're evil, or whatever. They do it because that's the most economically sound decision for them. If you want them to stop it, the "evil" government has to force them, via heavy-handed "tyranny". TBH, though, the insinuation that Switzerland, of all places, is somehow a libertarian utopia, makes the whole post really ludicrous.

Argentina and Venezuela: we are reaching there lads!

Help requested. I cannot find your channel on Curiosity Stream.

@TheGreatWar

2 жыл бұрын

if you signed up via our link, you signed up for a bundle of two platforms. one is CuriosityStream, the other is Nebula. On Nebula you can watch all our content. You would have gotten a separate email to register there. Sorry for the confusion.

Germany the worse case of hyperinflation. Venezuela: hold my beer.

Hello! Am intersted in the Easten Front, is there a difinitive road book on the subject please, including Prussia with modern names etc,

I was so confused as to why some of the comments are so recent-- Then I saw the when the video was released

Sounds like the US in 2023.

Anyone else in here to get a preview of what will happen with the US dollar?

This sounds odly familiar