The endless printing of money
did not help this matter either.
Dr. Markus Krall has said, that the situation of the economy is similiar to the one of Germany after WW1 when the French occupied the Ruhr area and the Germans working there went to general strike. The German gouvernment at this time printed money in order to support them, like today with this Covid reliwve money. So there was lots of money there but not so much goods were produced to buy it. I have read from other sources, that because of the Covid relieve money lots of people stay at home. This was the starter of the inflation historically.
Dr. Ingo Sauer has written, that the trigger for hyperinflation was historically, that the Central Bank accepted too many bad securities for the money it gave out. If the level of bad assets in the balance sheet of the Central Bank reaches a certain level international speculation attacks the currency.
And Dr. Friedrich Israel has written, that we can not determine the start of inflation , because the beginning is mostly hidden. He showed it in lots of examples. So the content of packages is reduced while it looks the same from outside. Or the contents of processed foods are replaced partitially with cheap alternatives where you cant see it and such stuff. He wrote about the secret inflation.
It seems all a very complicated issue and if we have already officially 4,5 % it is in reality much worse. If the Dems continue like this it can end very very badly.
Topic: When does chronic inflation caused by massive infusions of demand and neglect of (Read 1027 times)