One of the things that happened during the inflationary era of the Weimar Germany was the sudden popularity of drag shows, queers and transsexuals. The central bank's debauching of money had translated into debauchery of sexual norms.
This might at first glance seem odd. However, the connection between money and norms are not as loose as it may seem. When money is debased, some people get the ability to do things that would've been impossible under normal circumstances. Normal valuation practices become irrelevant. All that matters is access to credit, and fortunes can be made. What would normally be seen as irresponsible behaviour becomes the smart thing to do. Reality is suspended. Anything goes.
The winners in a world where money is created out of thin air are the ones willing to do what would normally be seen as dangerous or outrageous. Material success becomes a matter of connections and a willingness to do whatever it takes to get hold of cheap credit.
People who are easily impressed by material success notice that low standards are rewarded. There's no God punishing those who break the norms. On the contrary, it's the norm breakers that are rewarded.
This decay of social norms continues for as long as money is created at will. It lasted for four years in Weimar Germany, from 1919 to 1923. If we include the war, it lasted eight years from 1914. However, the transsexuals didn't appear before after the war.
With transsexuals currently making a comeback in popular culture, we can assume that we're moving towards an end to the current inflationary era. However, things are moving at a slower pace, and the magnitude of what's happening is greater as well. We're not dealing with a single country. We're dealing with the entire western civilization.
The size of the western economy is the likely reason everything is moving at a slower pace. But hyperinflation is an exponential process so things will eventually move very rapidly. With financial markets being electronic these days, the speed of the final collapse will likely outpace the final days of Weimar hyperinflation.
Back in 2021, I pointed out the similarities between our current inflationary era and the Weimar hyperinflation. It seemed to me that 2021 was roughly similar to 1921. But here we are in 2023, and hyperinflation hasn't started. All we're seeing is a new golden age for transsexuals. By 1923, all of this had come and gone in Weimar Germany.
We've progressed less than a year relative to the pace of things back in 1921. All the signs are the same as they were back in Germany, but things are moving at a far more sluggish pace. However, there's no reason to believe that the current inflationary era will end differently. Once hyperinflation kicks in, we'll have about two years before a reset will be required in order to set things straight.
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