Articles related to Hyperinflation
 
Thorsten Polleit
November 15, 1923: The End of German Hyperinflation 
On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: TheReichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, theRentenmark, was issued next to thePapermark (in German:Papiermark). These measures succeeded in halting hyperinflation, but the purchasing power of thePapermark was completely ruined.
Wednesday, November 15, 2017
Nathan Lewis - New World Economics
Total Return of Stocks, Bonds, Gold, 1871-2015
Today, we are looking at the total return of stocks, bonds and gold, from 1871 to 2015. The source of the data is here: http://www.econ.yale.edu/~shiller/data.htm I calculated the total return this way: stocks: index return plus 1/12th of dividend each month bonds: “long term” bond yield, compounded monthly gold: price in dollars This is not a very good way of calculating a bond index. There is no provision for the market price of bonds, among other issues. But, it should be good enough for a ro
Sunday, November 12, 2017
Alasdair Macleod - Finance and Eco.
Cryptos may destabilise fiat 
The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact that beyond a few European countries and North America, gold is firmly money in the minds of ordinary people. I wrote an article on this subject, explaining why cryptocurrencies are not a new form of money, here.Anyone reading this article may wish to read my original a
Friday, November 10, 2017
Andy Hoffman - Miles Franklin
Shelter From The Storm
What storm?  The Dow Jones Industrial Average (DOW) reached another all-time high.  Interest rates in the U.S. are yielding multi-decade lows, some say multi-century lows. Trillions of dollars in global sovereign debt have negative yield and European junk bonds yield less than 10 year U.S. treasuries. “Official” unemployment is low. Borrowing is inexpensive. Things are good, so they say! Ho-Hum! Really?  Do you believe the above is a fair and accurate representation of our economic world?  If so
Thursday, November 9, 2017
Stewart Dougherty
  Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom 
There are crooks everywhere you look now. The situation is desperate.” Final blog entry by Daphne Caruana Galizia, 53, renowned Maltese investigative reporter who specialized in exposing state corruption; posted on 16 October 2017, one day before she and her vehicle were blown to bits by a car bomb in Bidnija, MaltaIn 2011, gold pulled a “Bitcoin” before anyone even knew what Bitcoin was: its price went vertical to $1,900 per ounce. Inflation-adjusted, the price was still fa
Tuesday, November 7, 2017
Egon von Greyerz - Matterhorn AM
  ONLY CONTRARIANS WILL SURVIVE 
We are currently standing before one of the most unique and frightening periods in history. Never have there been so many extremes in so many different areas. In the last 100 years everything seems to have developed so much faster, including population, technology, inflation, debt, money printing, budget deficits, stock, bond and property prices, crypto currencies etc. All of these areas are now in an exponential growth phase. The final stage of exponential growth is explosive and looks like a s
Sunday, November 5, 2017
Phoenix Capital - Gains Pains & Capital
Zimbabwe’s Inflation Monitor: A Weekly Update
In 2008, Zimbabwe suffered the second most severe episode of hyperinflation in recorded history. The annual inflation rate peaked in November 2008, reaching 89.7 sextillion (10^23) percent (see table below).  At the peak of Zimbabwe’s hyperinflation episode in November 2008, Zimbabweans refused to use the Zimbabwe dollar. With that, the economy was spontaneously, and unofficially, dollarized. Eventua
Saturday, November 4, 2017
Sprott Money
Hyperinflation Chronicles, Part 1: Einstein’s Scribble, Newman’s Watch, And Dot-Blockchain - John Rubino
When governments create insane amounts of money, the recipients of that money tend to behave accordingly. Consider: Einstein scribbled his theory of happiness in place of a tip. It just sold for more than $1 million. (Washington Post) – He is known as one of the great minds in 20th-century science. But this week, Albert Einstein is making headlines for his advice on how to live a happy life — and a tip that paid off. In November 1922, Einstein was traveling from Europe to Japan for a le
Saturday, October 28, 2017
Alasdair Macleod - Finance and Eco.
America’s stagflation
The accumulation of monetary policy errors by the Fed is increasingly certain to culminate in the credit crisis that always marks the end of the credit cycle. Credit crises are the result of globally coordinated monetary policies nowadays, so the timing of the forthcoming crunch is not only dependant on the Fed’s actions, but is equally likely to be triggered from elsewhere. Candidates for triggering a global credit crisis include economic and financial developments in Europe, Japan and China.Th
Thursday, October 26, 2017
Andy Hoffman - Miles Franklin
Taxing 113 out of 365 days
This past Sunday was the 31st anniversary of “The reform act of 1986” in which our 2 party system came together to help reduce the tax burdens piled on by previous governance.  It was the second tax relief and was most helpful in releasing more of the burden across the entire nation and at all levels of income. What it did in the layman’s term was reduce the number of days of paying tax. We are now at 113 days out of 365, before we enter the tax freedom days. This is the heaviest yoke on our nat
Tuesday, October 24, 2017
Nathan Lewis - New World Economics
God, Gold and Guns
We’ve been looking into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter October 14, 2017: One Nation Under Gold #2: The Silliness of the Bretton Woods Years Now, we will follow Ledbetter’s account of the end of Bretton Woods in 1971, up to the present. The account of the 1971 devaluation was, following the pattern of this book, long on details but short on insight. It seemed to people at the time that they “had no choice,” that
Monday, October 23, 2017
Nathan Lewis - New World Economics
  The Silliness of the Bretton Woods Years
We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., and
Monday, October 16, 2017
Phoenix Capital - Gains Pains & Capital
Zimbabwe Inflates, Again… 
In November 2008, Zimbabwe experienced the second highest recorded inflation rate in history, and with that, it entered the Hanke-Krus World Hyperinflation Table. That’s when the annual inflation rate reached a peak of 89.7 sextillion (10^21) percent (see table below). At this point, prices were doubling every 24.7 hours. During Zimbabwe’s hyperinflation episode (2007-2008), the Reserve Bank of Zim
Sunday, October 15, 2017
Egon von Greyerz - Matterhorn AM
10 FACTORS TO PROPEL GOLD 10 FOLD
Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. Later in this piece, I am discussing 10 Factors which will make gold surge. No fear Markets are expressing no fear and seem very comfortable at or near all-time tops. There is no concern that stocks are massively overvalued or that bond rates are at historical lows and only have one way to go. Nor is anyone worried
Monday, October 9, 2017
Chris Powell - GATA
Another gold-rich but mismanaged country sinks into hyperinflation again
By Agence France-Press via ENews Channel Africa, Johannesburg Sunday, October 1, 2017 HARARE, Zimbabwe -- Driving to work last week, Dennis Zhemi found his usually busy neighborhood garage in the Zimbabwean capital Harare deserted and a forecourt attendant signalling "no fuel." For Zhemi, it was a worrying sign that Zimbabwe's chronic economic collapse could be heading for another vicious downward spiral of basic shortages, hyperinflation, and social chaos. Zhemi's heart sank as he drove on, h
Monday, October 2, 2017
Egon von Greyerz - Matterhorn AM
WAKE UP AMERICA – THE DOLLAR IS GOING TO ZERO
For news to be read and understood by a great number of people, it must be simple, sensational and forgettable. Most individuals are not interested in “heavy” news or complicated issues. Just compare television and newspapers today to say 50 years ago. At that time, newspapers had very few pictures but instead covered serious matters with in depth analysis. Same with television. In the 1960s there was serious news and many programmes which raised important issues in society or politics, which ma
Monday, October 2, 2017
Alasdair Macleod - Finance and Eco.
The fiat money quantity (FMQ) 
Summary : This paper seeks to establish a measure of currency quantity that helps economists identify and estimate the risk that confidence in fiat currencies might be significantly eroded or even vanish altogether. It is this phenomenon that was referred to in the great European currency inflations of the 1920s as Katastrophenhausse, or a crack-up boom, when ordinary people lose all confidence in a fiat currency, disposing of it as rapidly as possible instead preferring ownership of goods.This is
Saturday, September 30, 2017
Mish - Global Economic Analysis
Bitcoin vs Dollars: Which One is a Fraud? Which One is a Ponzi Scheme?
Jamie Dimon, JP Morgan CEO, made quite a headline splash last week when he proclaimed “Bitcoin ‘is a Fraud“. Is Bitcoin a fraud? Or are dollars, euros, yen, and yuan a collective set of frauds? Which, if any are Ponzi schemes? Modern Finance is the Fraud In an article that I wish I had written myself, Viktor Shvets, head of Macquarie’s AsiaPac equity strategy, accurately explains “Modern Finance”, Not Bitcoin, Is The Real Fraud. Paragraphs rearranged for clarity. “Bitcoin is a sort of tulip… i
Friday, September 29, 2017
Jan Skoyles - GoldCore
  Gold Standard Resulted In “Fewer Catastrophes” – FT
Editor Mark O’Byrne – “Going off gold did the opposite of what many people think” – FT Alphaville – “Surprising” findings show benefits of Gold Standard –  Study by former Obama advisor in 1999 and speech by Bank of England economist in 2017 make case for gold – UK economy was ‘much less prone to extremes’ under than the gold standard – research shows – ‘Gold standard seems to have produced fewer catastrophes for Britain’ – data shows  – FT still wary of gold standard arguing ‘stability can be o
Friday, September 29, 2017
Jeff Clark - Goldsilver
Top Ten Reasons I Buy Gold Silver [#2] All the Problems of the World = Gold Silver Hyper-Bubble
When the average investor thinks about gold, they may view it as an inflation hedge. Or maybe as crisis insurance. Or perhaps they view it solely as a portfolio diversifier.But what if you added up all the reasons to own gold and silver today—and realized they were all about to hit at the same time?That’s Mike Maloney’s reason #2 he owns gold and silver: it’s all happening at once, and this time it’s global:It’s a perfect storm of worldwide trends that are about to explode simultaneously—and pus
Thursday, September 28, 2017
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