Bitcoin (BTCUSD)

[GOLDBUFFALO]

Here is why BTC is going to be a safe haven: It cannot be diluted. Read this exert about what history records when you print money like crazy.

The Dow is now on its longest weekly losing streak since 1923

This was its eighth-straight weekly loss, the longest weekly losing streak since 1923, according to FactSet data reviewed by LPL Financial. The long stretch of losses underscores the negative mood on Wall Street as investors grow nervous about high inflation — and what the Federal Reserve will have to do to get prices under control.

For those who may not be aware of history, 1923 , when the hyperinflation crisis began after the Germans missed a reparations payment late in 1922 setting off a chain of events that included occupation, hyperinflation, and rebellions.

In order to pay striking workers, the government at that time simply printed more money which ultimately led to hyperinflation as the more money was printed, the more prices rose. Prices ran out of control, for example, a loaf of bread, which cost 250 marks in January 1923, had risen to 200,000 million marks in November 1923. Are we headed for a repeat of this in our lifetime?