Hyperinflation

Hyperinflation Will Blow The Economic Doors Off

By Roger Wiegand

www.tradertracks.com

“Our professional money managers and economic experts are trapped. The lesser of two evils, rabid inflation is preferable to a Destroying Deflationary Depression. Currency printing whether through the printing press or, by simple key strokes on central bank computers, delivers the same result…Legendary Hyperinflation. Mr. Volker, where are you when we need you so badly?”- Traderrog

Wikopedia’s Free Enclyclopedia Tells Us:

“In economics, hyperinflation is inflation that is "out of control," a condition in which prices increase rapidly as a currency loses its value. No precise definition of hyperinflation is universally accepted. One simple definition requires a monthly inflation rate of 20% or 30% or, more. In informal usage, the term is often applied to much lower rates.

“The definition used by most economists is ‘an inflationary cycle without any tendency toward equilibrium.’ A vicious circle is created in which more and more inflation is created with each iteration of the cycle. Although there is a great deal of debate about the root causes of hyperinflation, it becomes visible when there is an unchecked increase in the money supply or drastic debasement of coinage, and is often associated with wars (or their aftermath), economic depressions, and political or social upheavals”-Wikopedia

A 500,000,000,000 (500 Billion) Yugoslav Dinar Banknote Circa 1993.

“This currency example of Hyperinflation from Wikopedia, is the most extreme example we could find in our research. Yugoslavia suffered greatly with currency debasement and its nasty companion, civil war. Note that this event was only 14 years ago. Will the western and G-7 nations find the identical fate? Let’s hope not but they are all printing furiously.”- Traderrog