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Mansa Musa: The Mali Emperor Who Became the Richest Man in Recorded History

Mansa Musa: The Mali Emperor Who Became the Richest Man in Recorded History
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Hyperinflation Is "Nature's Way Of Fixing A Society" That Has Forgotten How To Live Within Its Means


Getting Hyperinflation Right
Profligate money printing by the US Federal Reserve and by other Western central banks has amounted to around $10 trillion over just the last year. The amount of currency in circulation has grown to $2 trillion, breaking a record set in 1945 and showing an almost 12% increase over 2019. The US federal budget deficit stands at just about $3.5 trillion, which is over 16% of GDP the highest it s been since World War II. Meanwhile, the US federal debt has just topped $28 trillion. Over the past year the US has overspent its revenues by a staggering 194%.
Prices are going up everywhere even as the underlying economy remains in coronavirus-inspired doldrums, specifically because consumption has been repressed, with the coronavirus as an excuse, to delay the onset of hyperinflation. And then the Chairman of the Federal Reserve steps in and calms the troubled waters by publicly claiming that There is no reason to be afraid of hyperinflation. This sou ....

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