THE BIG ZIMBABWEOSKI

zim-trillion

Where are the wheelbarrows? Every time in world economic history, when the government begins printing money exponentially the banknotes face value goes from one to a million, to a billion and in the case of the Big Zimbabweoski a trillion. Why have we not yet seen Americans waddling behind their Home Depot wheelbarrow full of dollars into Wal-Mart to buy groceries.

 saupload_weimar-republic-chart-of-inflation-large_early_late  zim-hyper  venezuela  us-fiat-currency

Weimar

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The coming apocalypse, you know the one where Hillary stands between us and the apocalypse or she is the bridge to the apocalypse. Whether we call it the Apocalypse Soon or the Big Zimbabweoski, there should be people pushing wheelbarrows of worthless greenbacks. Germany’s Weimar Republic did the job in four years 1919-1923, we’ve been cranking out the ‘moolah’ since Nixon took us off the gold standard in August 1971. In the brief four generation history of money JFK realized that the ‘jig’ was up and tried to bypass the Fed with his EO #11.110.

jfk-in-officeJFK started printing his own money issued by the US Treasury, like Abe Lincoln’s ‘greenbacks’ during the Civil War. Five months after JFK was shot the Kennedy dollars were recalled, leaving the printing presses to the Fed. The Fed was limited to a 4/1 ratio of paper to gold. LBJ got the bright idea of spending 100 million a day in Vietnam which was peanuts compared to his $22 trillion (in today’s dollars) Great Society.

nixon-shock-smWhen, Tricky Dick took six more years to end the war the Fed was already maxed out on the $32/oz equals $128 of fiat, wheelbarrow money. The “Nixon Shock” closed the gold window, ended the Bretton Woods Agreement and opened the door to Zimbabwe land.

However, we have to go to the next generation 1982-2004, the Millennials, the 3rd Turning, the Unravelling and Alan Greenspan the “Great Unraveller.”

If You Can’t Do, Exponentiate

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Greenspan, the Mona Lisa of Central banks, responded to the flash crash of 1987, the Dot.Com bust of 2001 and the housing bubble by printing an additional 3.5 trillion paperbacks on the Nixon legacy of 1.5 trillion. Leaving the Fed in 2006 with, “Not to worry we can always print more money.” Which brings us to the 4th Turning, the Crisis 2005-2026 and the seven-year reign of Helicopter Ben Bernanke.

Never let a crisis go to waste

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Bernanke took the Lehman Brothers baton and ran with it, putting his 4 trillion of paper onto the 4 trillion that Greenspan left. He got the handle, “Helicopter Ben” because in the 21st century you don’t need wheelbarrows to haul the fiat money door-to-door, you digitize it. However, when the 4 trillion went directly to the bourgeoisie 1% and zilch to the rest of us, Ben suggested dropping the printed material from the sky on the proletariat 99%.

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No helicopters and no wheelbarrows came under Ben. It’s up Janet Yellen to burst the Big Zimbabweoski.