A common theme I perceive while researching hyperinflation‘s of the past, is that normal people had no perception of the imminent collapse of theirs political and economic systems.

In the case of the German and Austrian hyper inflations, normal people could not even perceive that a collapse was possible. However in the Soviet collapse, average citizens knew of the inevitability of a collapse, but could not see that it was imminent.

Today we have all the signs of an impending collapse: rampant speculation in the stock exchange by the least financially literate portions of a society, entirely new products to speculate on like cryptocurrency’s and NFT’s, a vast divide between the wealthy and the average citizen, discontented citizens storming government buildings, the government sending out money to people who can’t work, and most prominently, central banks buying assets to keep the system from collapsing.

These are all telltale signs of an impending collapse, but life feels still a little bit too normal to envision a collapse. We’ve seen only minor disruptions in our supply chains. The grocery stores are now restocked after being out of everything after covid lockdowns. However, we see some prices of lumber skyrocketing currently. Perhaps this subsides, or perhaps it becomes the first of many bottlenecks causing inflation.

The first signs of hyperinflation actually came in the healthcare price inflations of the Affordable Care Act. We saw our healthcare go up by hundreds of percent over several years. If that was the actual beginning of the hyperinflation, we are already at least five years into it.

In St. John’s Apocalypse, the black horse comes after the red. (See here).We’ve likely already seen the red horse as the communist plot from the 1920s to now. The black horse ushers in the era of a loaf of bread for a days wages. This is the coming hyperinflation.

It is easy to see the collapse’s inevitability, however, similar to the Soviet experience, it is quite difficult to pinpoint its precise timing.