Originally Posted by hatari
Originally Posted by Old_Toot
Originally Posted by irfubar
Hyperinflation is usually a relatively short term event. The plan is to come out the other side in decent shape. Then use assets to acquire bargains. What assets will hold value that is the question?
Historically the answer would be gold/silver, real money


The hyperinflation from 73 into the 1980s wasn’t exactly a short term event and it took someone like Paul Voelker to do what had to be done to bring it to heel.


You confuse terms. We did not experience hyperinflation. Annual inflation rate for the 1970s was 6.8%.

An example of hyperinflation is Zimbabwe in Nov 2008 when they experienced 100% inflation per DAY!

Yugoslavia in January 1994 when it was 64% per DAY.

Germany in Sept 1923 was 23% per DAY

Venezuela had 65% annual inflation in 2014.


The US has. not seen hyperinflation since the end of the Revoltionary war, or perhaps the post Civil War firmer confederate states



Call it what you will but it was exactly hyperinflation here in the USA for those who had to have loans.


The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.