{"id":14037,"date":"2021-03-02T02:59:17","date_gmt":"2021-03-02T02:59:17","guid":{"rendered":"https:\/\/www.duck9.com\/?p=14037"},"modified":"2021-03-01T23:08:13","modified_gmt":"2021-03-02T03:08:13","slug":"michael-burry-on-the-dying-of-money-and-larry-chiang-on-when-money-dies","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/michael-burry-on-the-dying-of-money-and-larry-chiang-on-when-money-dies\/","title":{"rendered":"Michael Burry on The Dying of Money and Larry Chiang on When Money Dies"},"content":{"rendered":"<div>\n<div dir=\"ltr\"><a href=\"https:\/\/twitter.com\/michaeljburry\/status\/1366546706939011073?s=11\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/03\/image2-3.jpeg\"><\/p>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" style=\"border:1px solid #ccd6dd; border-radius: 12px;\" width=\"500\" bgcolor=\"#ffffff\">\n<tbody>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px;\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1366314642847371265\/NT57FaVK_normal.jpg\" style=\"border-radius: 50%; padding: 0px;\" height=\"48\" width=\"48\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width:8px;\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px;\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: #292c2f; text-decoration: none;\">Cassandra<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: #7e8c98;\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@michaeljburry\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height:0px;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif;color: #292c2f; font-size: 18px; line-height: 24px; text-decoration: none;\">Posting again the comparison with Weimar Germany, thanks to the &#8220;The Dying of Money&#8221; by Jens Parson, link below. <\/p>\n<p>This was covered <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@zerohedge\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@zerohedge\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\" >\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@zerohedge\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/a> and on <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@TuckerCarlson\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@TuckerCarlson\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\" >\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@TuckerCarlson\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/a>. Direct payments are inflationary, and there&#8217;s more, below.<\/p>\n<p><a href=\"https:\/\/t.co\/kNT4memOVt\"><span>recision.files.wordpress.com\/2010\/12\/jens-p\u00e2\u20ac\u00a6<\/span><\/a><br \/><a href=\"https:\/\/t.co\/jg2viSOiO7\"><span>youtube.com\/watch?v=812ix-\u00e2\u20ac\u00a6<\/span><\/a> <a href=\"https:\/\/t.co\/phvIMEYkdG\"><span>pic.twitter.com\/phvIMEYkdG<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height:0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/twitter.com\/michaeljburry\/status\/1366546706939011073?s=11\" style=\"font-family: Helvetica, Arial, san-serif;color: #667785; font-size: 14px; line-height: 18px; text-decoration:none;\">3\/1\/21, 6:31 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px;\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/03\/image0.png\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div dir=\"ltr\" style=\"-webkit-text-size-adjust: auto;\"><a href=\"https:\/\/twitter.com\/michaeljburry\/status\/1366549920375664642?s=11\"><\/p>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"500\" bgcolor=\"#ffffff\" style=\"border: 1px solid rgb(204, 214, 221); border-top-left-radius: 12px; border-top-right-radius: 12px; border-bottom-right-radius: 12px; border-bottom-left-radius: 12px;\">\n<tbody>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1366314642847371265\/NT57FaVK_normal.jpg\" height=\"48\" width=\"48\" style=\"border-top-left-radius: 50%; border-top-right-radius: 50%; border-bottom-right-radius: 50%; border-bottom-left-radius: 50%; padding: 0px;\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px;\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px;\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: rgb(41, 44, 47); text-decoration: none;\">Cassandra<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: rgb(126, 140, 152);\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@michaeljburry\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px;\">Do not underestimate the power of stimulus checks. This chart, courtesy&nbsp;<a href=\"https:\/\/twitter.com\/%E2%80%AA@LynAldenContact%E2%80%AC%E2%81%A9\"><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LynAldenContact\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\" >\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LynAldenContact\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/a>, compares M2 Money to QE assets to direct cash payments (green) &#8211; those checks play a big role, &amp; unlike QE, direct payments don&#8217;t trap inflation in the securities markets.&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23helicoptermoney&amp;src=hash\">#helicoptermoney<\/a><a href=\"https:\/\/t.co\/5OQZYii9y0\">pic.twitter.com\/5OQZYii9y0<\/a><\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/twitter.com\/michaeljburry\/status\/1366549920375664642?s=11\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(102, 119, 133); font-size: 14px; line-height: 18px; text-decoration: none;\">3\/1\/21, 6:44 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/03\/image1-3.jpeg\"><br style=\"-webkit-text-size-adjust: auto;\"><br style=\"-webkit-text-size-adjust: auto;\"><\/p>\n<div dir=\"ltr\" style=\"-webkit-text-size-adjust: auto;\">\n<div dir=\"ltr\">\n<div dir=\"ltr\"><a href=\"https:\/\/twitter.com\/michaeljburry\/status\/1366555366234886146?s=11\"><\/p>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"500\" bgcolor=\"#ffffff\" style=\"border: 1px solid rgb(204, 214, 221); border-top-left-radius: 12px; border-top-right-radius: 12px; border-bottom-right-radius: 12px; border-bottom-left-radius: 12px;\">\n<tbody>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1366314642847371265\/NT57FaVK_normal.jpg\" height=\"48\" width=\"48\" style=\"border-top-left-radius: 50%; border-top-right-radius: 50%; border-bottom-right-radius: 50%; border-bottom-left-radius: 50%; padding: 0px;\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px;\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px;\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: rgb(41, 44, 47); text-decoration: none;\">Cassandra<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/twitter.com\/michaeljburry?s=11\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: rgb(126, 140, 152);\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@michaeljburry\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(41, 44, 47); font-size: 18px; line-height: 24px;\"><a href=\"https:\/\/twitter.com\/search?q=%23Gold&amp;src=hash\">#Gold<\/a>&nbsp;is expected to move with real yield, and hence a little inflation mirroring an increase in real yields would not be good for gold bulls. This is the relationship of the last few decades. In a high\/<a href=\"https:\/\/twitter.com\/search?q=%23hyperinflation&amp;src=hash\">#hyperinflation<\/a>&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23paradigmshift&amp;src=hash\">#paradigmshift<\/a>, gold will serve its purpose. It always has.<\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/twitter.com\/michaeljburry\/status\/1366555366234886146?s=11\" style=\"font-family: Helvetica, Arial, san-serif; color: rgb(102, 119, 133); font-size: 14px; line-height: 18px; text-decoration: none;\">3\/1\/21, 7:06 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" height=\"12\" style=\"font-size: 0px; line-height: 0px;\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<div dir=\"ltr\"><\/div>\n<\/div>\n<p><br class=\"Apple-interchange-newline\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; Cassandra \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@michaeljburry\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 Posting again the comparison with Weimar Germany, thanks to the &#8220;The Dying of Money&#8221; by Jens Parson, link below. This was covered \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@zerohedge\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 and on \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@TuckerCarlson\u00e2\u20ac\u00ac\u00e2\u0081\u00a9. Direct payments are inflationary, and there&#8217;s more, below. recision.files.wordpress.com\/2010\/12\/jens-p\u00e2\u20ac\u00a6youtube.com\/watch?v=812ix-\u00e2\u20ac\u00a6 pic.twitter.com\/phvIMEYkdG &nbsp; 3\/1\/21, 6:31 PM &nbsp; &nbsp; &nbsp; &nbsp; Cassandra \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@michaeljburry\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 Do not underestimate the power [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14037","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/14037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=14037"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/14037\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=14037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=14037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=14037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}