Hyperinflation
In Iceland the bankers were told to stuff it. In Weimar Germany they resorted to the printing press. Which model will modern day Greece follow? It seems that the words Weimar Germany and Hyperinflation are almost synonymous. The Weimar Republic (Das Weimarer Republik in German) is the name of the democratic government which was established in [...]
Editor’s Note: Last month in an article entitled What Is Fiat Currency? we told you that “Fiat currency is a term that is used to describe a currency which is created by “fiat” or “arbitrary order or decree” of the government.” This month we would like to talk a little about the significance of Fiat currency. [...]
Hyperinflation Hyperinflation is an extremely rapid period of inflation, usually caused by a rapid increase in the money supply. Usually due to unrestrained printing of fiat currency. See: How Does Gold Fare During Hyperinflation? Unfortunately, there is no exact percentage where inflation turns from “ordinary Inflation” to “Hyperinflation”. So you can’t say for instance that 9.9% [...]
By Jeff Clark, Casey Research Inflation is a natural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. As gold investors, we’d like to know if the precious metals would keep pace in this extreme scenario. Hyperinflation is an extremely rapid period of inflation, but when does inflation (which [...]
Deficits Terry Coxon of Casey Research discusses the effects of deficits on the economy and politics. ~editor How Far to the Wall? By Terry Coxon, Casey Research Decades of manipulation by the Federal Reserve (through its creation of paper money) and by Congress (through its taxing and spending) have pushed the US economy into a [...]
An interview with Karen Roche of The Gold Report Economic recovery? What economic recovery? Contrary to popular media reports, government economic reporting specialist and ShadowStats Editor John Williams reads between the government-economic-data lines. “The U.S. is really in the worst condition of any major economy or country in the world,” he says. In this exclusive [...]
Postcards From Weimar Germany Justice Litle, Editorial Director, Taipan Publishing Group Monday, September 20, 2010 The Weimar Republic is perhaps the quintessential example of hyperinflation. But the buildup took longer than one might think. Walter Levy is a German-born oil consultant. His father, a German lawyer, took out a life insurance policy in 1903. [...]
I still believe inflation is the problem that ought to keep you up at night... Today, more than 60% of the world's banking reserves are U.S. dollars. When governments have to bail out their banks (and they will), they're going to need U.S. dollars to do it. And they're going to need massive quantities.
by David Galland, Managing Editor, The Casey Report An interesting article by Ambrose Evans-Pritchard came my way the other day. It’s worth a read, if for no other reason than that he paints an appropriately dark picture of the current state of the U.S. economy. You can read it here. While I very much share [...]
The (Zimbabwean) Dollar – The Point of No Return By John Lee, CFA Last week, Zimbabwe slashed 12 zeros from its currency as hyperinflation continued to erode its value, the country’s central bank announced in late January. The government instituted price cuts to arrest inflation. As time went by, it became apparent the forced price [...]
