Monday, January 14, 2013

Ever wonder what hyperinflation looks like?

Most of us have heard the horror stories of hyperinflation through the lens of the Wiemar Republic and the nation of Zimbabwe.  However, distance and time have made these events superficial, and left to the imagination since Americans are far removed from them.

But in the past two years, hyperinflation in the Euro Zone is not only becoming a distinct possibility, and in the instance of Belarus, a fact.  Forget the images of Germans in the 1930's pushing a wheelbarrow of cash just to buy a loaf of bread, and instead watch how it takes a full backpack of cash notes just to get seven packages of beer.

Now, do we in America think this is possible?  Well, our history has once experienced this after the Civil War when the Greenback fiat currency was devalued to nothing, and the government was forced to put paper dollars back on a gold and silver standard.

When it comes, it will not come slowly overtime, but will begin fast, and escalate exponentially.


This can't be funny for the cashier...when it comes here I hope the merchants will have the common sense to accept metal coins for payment by then the copper and nickle content of the coin will be much higher than the paper.

Inflation can also be appreciated when looking at merchants. As inflation rates go up and the recession affects almost everyone, one can notice that there comes the proliferation of merchants and private individuals selling used items - from used clothes to used cars.-John M. Foy

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