BankWars: Weimar Hyperinflation Episode 3

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ABOUT TIK 📝

History isn’t as boring as some people think, and my goal is to get people talking about it. I also want to dispel the myths and distortions that ruin our perception of the past by asking a simple question - “But is this really the case?”. I have a 2:1 Degree in History and a passion for early 20th Century conflicts (mainly WW2). I’m therefore approaching this like I would an academic essay. Lots of sources, quotes, references and so on. Only the truth will do.

This video is discussing events or concepts that are academic, educational and historical in nature. This video is for informational purposes and was created so we may better understand the past and learn from the mistakes others have made.

[Pullapitko]

Unlike paper currency, all of this is pure gold!

[program]

"The Soviet Union had collapsed into a Communist Paradise" Hahaha

[whisped]

In German history class, even in the 00ies, all we learned about Weimar was that: 1) It's Democracy was bad because too many parties and thus failed (which essentially translates into "Democracy bad" if you think about it) 2) Inflation happened because Germany had to pay war debt from ww1, and that was the only reason more money was printed. No other reason given, no mentions of other countries. This is the first time I hear about hyperinflation in Austria at the time. 3) The NSDAP was violent and Hitler stole the power. That's it.
I never new Friedrich Ebert himself was really just another dictator. The wordgames of Socialists persist to this day, and the only chance we have at rooting them out is unravel and end their word games. Non-Socialists need to find meaning in going into the education sector, be it the ministries/politics but more importantly the teaching profession itself.

What we are being taught in school is a perverse distortion of history, through its omissions not far from revisionism, or what Neonazis would teach about their favourite period of history and leave out, were they in charge. It's all to make (red) Socialism look good simply by omitting every single one of its faults, and if faults are mentioned, blame it on something or someone outside of Socialism. Socialism was, is and always will be, a scam.
I was baffled to hear that the Socialists can't even tell you what their ideology, their policies truly are or would be, once in power. That means they've never before thought about it, and only then are under enough pressure to do it for the very first time. They only ever ran on buzzwords, just like most religious people do that know nothing in depth about their religion in the first place.
And this is the same way that you de-cultify, deprogram your rebellious-phase teenager who thought it would be a great idea to join antifa: Play the entire Socratic game, take an entire night if necessary, call school the next day and tell your kid's sick or something, because this'll take time and energy when you simply ask "So, imagine your revolution, what happens now?" and you ask all the questions of how this or that will work, just ask, keep asking. How will society organize? How do you make sure people follow the rules, the groups consensus? What if they don't? And so on and so forth. Before long your kid will end up having built the very genocidal tyranny, and a nationalistic State with military if not secret police no less, that he thought s/he is fighting right now, but on steroids, instead of building this kumbayah-utopia where everyone loves each other and capitatism is no more. Don't tell your kid that conclusion, s/he has to realize that him- or herself; at some point it will be too obvious to ignore. A mind can only change by thinking something through itself. Outside conclusions, no matter how correct they are, can be easily dismissed, because they have not been thought through internally.

[khosrowanushirvan]

I'll admit, for me, your political/social/economical series are far more engaging and fascinating. Not that your Battlestorm series are any less brilliant of course :) but I am always hyped for BankWars!
In a year or so since I have started watching your videos TIK, I have learned far more than 12 bloody long years of schooling ever did.

As always, keep up the great work. Salutations from Iran.

[jamiengo]

As an A-Level student in my second year, with a mock on Germany 1919-1989 on Thursday, this is brilliant revision!

[Token_Civilian]

In gold (and silver) I trust. Everything else is just credit.

Oh, and ask the Canadians how great it would be to have a (cough, cough) government issued digital currency that could simply be turned off with the flip of a switch should you cross the wrong person.

[academyofknowledge]

We have to clone TIK so he can produces more videos ! One of the best professors in YouTube!

[historicalviolin]

So, when someone today says we shouldn't be afraid of the state getting into debt, because we mostly owe it to ourselves (via a central bank), they are actually saying that the central bank is paying for the state expenditure by creating new currency out of nothing, which in turn lowers the value of that currency and therefore the purchasing power of ordinary people?

[shadowghost]

When 50 Cent does a tour of Venezuela they call him 500 Quintillion Bolivars.

[NJP]

Mises is a great source for post WW I economic history. Thanks for another thought provoking episode.

[AdmiralKolchak]

Omg more TIKecnomics I love it. I'm so glad you are devoting more time and creating a series covering politics and economics which is so important especially right now. Currently doing micro in college and I can't stand all the edgeworth box math equation crap. My professor had no idea how to model the concept of saving other than saying the budget constraint would account for that. So many leftist intellectual blind spots in these fields right now.

[khaibitdevzero]

I have learned more pertinent information from listening to your channel than a year of university. Keep up the good work. Weimar is increasingly relevant to the current state of the West.

[altaiaurelius]

This is my favorite series on the channel!

[naciremasti]

Thank you for doing what you do, TIK.

One day, your videos will be used in colleges all across the world. They're brilliantly delivered and thoroughly investigated pieces of media.

[calumdeighton]

Hey TIK. Only a couple of days left till the start of Lent. I'm giving up Alcohol and chocolate for the next for see able 40 days. Should be interesting, and I hope I can push through it with my head held high at the end.
In the mean time. Onward with your BankWars, and an excellent demonstration to people. Why mass printing money is extremely bad. Just like socialism.

[ApatheticGod]

Ahh I love it when a series I half thought was almost done has a new instalment

[KameradVonTurnip]

Oh boy... they're not going to like 2:03 wonder how they're going to explain that. Likely accuse him of being a infiltrator.

[bufordghoons]

Videos like this add context to WWII causing one to see that it was a lot more than just a bunch of guys shooting and bombing each other. It also reinforces the truth that wars are political acts orchestrated by the leaders of a nation.

Great job, TIK, I feel like I've taken a college course in History watching these videos.

[michaelmckivergan]

Of all the content you’ve made, I think this is your best series

[archonmagosaugustus]

This series of socioeconomical history and analyses is FANTASTIC. Thank you so much to put so much effort on these videos. Excellent work.