#hyperinflation #crackupboom #mises #inflation #creditboom #money #soundmoney #goldstandard #fiatcurrency #debt #gold #austrianschool Today I look at Human Action by Ludwig von Mises to help us see where we are down the road of inevitable fiat currency or the inflationary collapse. The most interesting point, in my opinion, that von Mises makes about the crack-up boom or katastrophenhausse is that it is a psychologically triggered event as the general public finally wakes up to the realisation that government and monetary authorities will never stop inflating the money and credit system. The end result of this is that the public's demand for the fiat money or currency collapses and they try to get rid of it for anything real at any cost. LUDWIG VON MISES BOOKS: https://mises.org/library/ludwig-von-mises-books Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/ GlintPay App, Save and Spend in Gold - Use referral code MarioGlint79 https://glintpay.com/ Support the channel: Teespring Store: https://teespring.com/en-GB/stores/maneco64 https://www.paypal.me/maneco64 https://www.patreon.com/maneco64 Crypto donations: BITCOIN: 1AkNoKzbZXJ75BbeGkD2ekUDJQNWDrBgMA BITCOIN CASH: qzfcsu05c9ephzv8qzl7ysvn4lfclzneescfhre4r5 BSV: qr20w4glrt5urr63c2xrqaxa3ken2qy5hqdxr3kv34 ETHEREUM: 0x990C216CE9218943307319D5F9DAd602A9A872DC BAT Currency: Uphold a/c name maneco

#EndtheFed #BOE #banking #money #inflation #GSIB #FDIC #Basel3 #bailouts #GFC #derivatives #Bagehot #centralbanking #SIFI Today we will look at why banks have to be highly regulated, insured, and bailed out regularly. My argument is that Central Banks create a moral hazard that leads to bankers misbehaving like small children. So the conclusion is that without Mom and Dad or a Central Bank bankers would have to be a great deal more responsible. List of systemically important banks: https://en.wikipedia.org/wiki/List_of_systemically_important_banks Walter Bagehot: https://en.wikipedia.org/wiki/Walter_Bagehot SUPPORT MANECO64: Use promo code maneco64 to get a 0.5% discount on physical gold and silver bullion purchases at https://www.goldinvestments.co.uk/ GlintPay App, Save and Spend in Gold - Use referral code MarioGlint79 https://glintpay.com/ Teespring Store: https://teespring.com/en-GB/stores/maneco64 https://www.paypal.me/maneco64 https://www.patreon.com/maneco64