When Inflation Wipes out a Country's Currency...

[zghorner]

Over consumption and malinvestment... Exactly what's going on right now!

where is that passage from?

 

[cdcaveman]

where is that passage from?

It's Ludwig von mises...he is an Austrian school economist..

 

[cdcaveman]

https://www.investopedia.com/terms/c/crackup-boom.asp

 

[Nobert]

I have a framed $100 trillion and $50 trillion Zimbabwe note over my desk. Reminds me daily what can happen.

Just imagine if it returns into 1:1 against dollar.

 

[easymon1]

The Only Way Out Is Either Hyperinflation Or Defaulting To The Fed
https://seekingalpha.com/article/4355761-only-way-out-is-either-hyperinflation-defaulting-to-fed
Party On Wayne!

 

[engineering]

The Only Way Out Is Either Hyperinflation Or Defaulting To The Fed
https://seekingalpha.com/article/4355761-only-way-out-is-either-hyperinflation-defaulting-to-fed
Party On Wayne!

Or war. They don't have to pay you if you are dead.

 

[murray t turtle]

The Only Way Out Is Either Hyperinflation Or Defaulting To The Fed
https://seekingalpha.com/article/4355761-only-way-out-is-either-hyperinflation-defaulting-to-fed
Party On Wayne!

%%
He has some good points\ but life is seldom so simple as to offer only good 2 choices,

 

[Scataphagos]

My friend has a photo album of notes from Zimbabwe in his years there before he moved to the UK. Ends up in the billions. Said people would walk around with wheelbarrows full.

Saw a story where the DM:USD exchange rate was 4.2T DM. That's DM 4,200,000,000,000:1 USD. Now THAT'S inflation!!

 

[piezoe]

The Only Way Out Is Either Hyperinflation Or Defaulting To The Fed
https://seekingalpha.com/article/4355761-only-way-out-is-either-hyperinflation-defaulting-to-fed
Party On Wayne!

Of course that article is almost entirely wrong. But you wouldn't understand.

 

[easymon1]

Of course that article is almost entirely wrong. But you wouldn't understand.

Heck, I'm as open to correction as anybody else lol.
Fire away.
The response above referring to war is valid imho.
"When all else fails, they take you to war."
War is also an excellent distraction from crimes, corruption and incompetence.

So, sure, I'm open to hear what you have to add to the stew, lol.