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A vicious circle is created in which more and more inflation is created with each iteration of the ever increasing money printing cycle. Hyperinflation becomes visible when there is an unchecked increase in the money supply usually accompanied by a widespread unwillingness on the part of the local population to hold the hyperinflationary money for more than the time needed to trade it for something non-monetary to avoid further loss of real value. Hyperinflation is often associated with wars (or their aftermath), currency meltdowns like in Zimbabwe, and political or social upheavals.
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.[1] When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation is also an erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy.[2][3] A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer Price Index) over time.[4]
Originally posted by thegoodearth
Yes, investigating hyperinflation on Youtube is very chilling... especially coming across clips of where people in Congress are trying to get their fellow congressmen to take action and nothing doing.
What the heck can we do?
But, really...
Is something this way coming?