Thursday 26 February 2015

The Road to Hyperinflation....................from Rico

The Ukraine is on the road to hyperinflation.
- Unlike the Hope and Crosby "road" movies, this one will NOT be amusing, nor have a happy ending.
Food prices have risen in the Ukraine 57.1%, with the price of grains and vegetables riising 91% from Jan 2014 to Jan 2015.....but "official" inflation is reported at 28.3%.
- Remind you of someone else's fake "official" statistics?
This is what happens to Gold in a fiat currency crisis. Thhis is what inflation in the Ukraine has done to the price of Gold.
- Ask a Ukrainian citizen if they would rather hold their fiat currency, or a bit of physical Gold, why don't you

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