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The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 12:25 pm
by beauanderos
http://www.rogershermansociety.org/yugoslavia.htm

We all understand why we are stacking. Studying the episodes of hyperinflation (29 since currency was changed to fiat, rather than backed by gold)
will inform the reader of timing for "the end game." Although skeptics roll their eyes at pie-in-the-sky predictions of gold hitting $10.000 an ounce or more,
all bets are off once hyperinflation takes force. The danger will prove to be selling too early, for a quick illusive "gain," rather than holding on too
long. Selling gold at $10,000 an ounce will only produce seller's remorse... if that same ounce of gold becomes worth $20,000 a few days later. :roll:
(don't think that's possible? Read the article... 100% inflation per day at its worst in Yugoslavia)

A wealth transfer will occur, but it will accrue mainly to those who transfer their wealth (via silver and gold) through the coming tribulations until
a new currency is configured... rather than those opportunists who are envisioning "get rich quick schemes" (denominated in dollars) who plan to
buy and hold (for much higher prices), or buy and flip (for nominal "profits"). Those who fail to protect themselves with physical precious metals held
outside banking institutions, relying instead entirely upon fortunes based on fiat... will eventually find themselves destitute. You, dear readers, who
already hold silver and gold... will become the new 1% elite, in time. :wave:

Re: The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 12:51 pm
by beauanderos

Re: The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 1:11 pm
by Engineer
Obama's portrait would be a good choice for the million dollar bill.

Re: The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 1:53 pm
by beauanderos

Re: The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 1:56 pm
by beauanderos
Engineer wrote:Obama's portrait would be a good choice for the million dollar bill.


Image

Re: The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 2:08 pm
by beauanderos

Re: The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 2:53 pm
by beauanderos
http://lenpenzo.com/blog/id18329-economic-collapse-101-ten-ways-to-prepare-for-the-unknown.html

"After Argentina’s economy collapsed at the turn of the century, crime skyrocketed. In fact, rapes increased by 165%, car thefts climbed 248%, robberies climbed 4159%, aggravated assaults rose 5597%, and burglaries increased by an incredible 512,100% (!)."

Re: The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 3:27 pm
by silverflake
The thing that really scares me is that when you read about hyperinflation in countries where it occurred, it either happened at a time when at least some country or countries had currencies pegged to a metal or it occurred when there was still strong economies elsewhere in the world (to escape to, to rely on, to ask for help, to envy...).

NOW, every country is tied into a fiat currency system, mostly linked to the dollar and every country has more debt than can ever be paid off. Should a MAJOR country (the U.S.?) ever experience hyperinflation, it just may become contagious.

I stack but I would be just as happy if my stack never had to be utilized, sold or substituted.

Stack gang.

Re: The Worst Case of Hyperinflation in History

PostPosted: Sun Sep 07, 2014 5:17 pm
by beauanderos

Re: The Worst Case of Hyperinflation in History

PostPosted: Thu Sep 11, 2014 7:49 pm
by Diggin4copper
Well, Im officially depressed...