Looney & small gold bug talk about hyperinflation…
This what will happen during hyperinflation,
A cup of coffee: $1,000
1 Kg of meat: $10,000
Budget family car: $1,000,000
3 bedrooms house: $20,000,000
Fancy modern house with batcave: $200,000,000
it won’t make looney any richer. Their small gold fortune will be used up within months just for basic necessities. Super rich with lots of assets holding becomes 1000x richer…
During hyperinflation: Debt thrives & cash money died
During depression: cash money thrives & debt died
more likely we are going towards inflation rather than depression….
