Wednesday, 4 April 2018

FIAT Currency & Inflation..................from Rico

Inflation. Hyper-inflation.
- Absent from the attached chart are Zimbabwe 2008-2009 when inflation was calculated to hit 79.6 billion percent, and Venzuela who's inflation rate reached 6,147% in February 2018.
"It can't happen here" and/or "it's different this time"...
until it does happen (and it has many times, in many places) and, no, it's not 'different' this time, just variations on the same theme.
- With fiat currency a wheelbarrow can become your wallet.
Voltaire nailed it with his intrinsic value remark

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