Some hyperinflation data

I found this and I thought it might be interest to numismatists, the world's highest inflations:



It also shows, that we, Hungarians are at least good in ... hmm... "something" ...

source:wikipedia

Quote: imrehI found this and I thought it might be interest to numismatists, the world's highest inflations:



It also shows, that we, Hungarians are at least good in ... hmm... "something" ...

source:wikipedia

Im not bancnote   expert, but   1 milliard ( bilion)  bancnote was issued in 20th years   in Georgia .   I saw it  several month ago here in Georgia, but it is  expencive... damn it

And what about deflation? Japan, Switzerland....

I lived in Yugoslavia in 1994 and I remember that hyper inflation. I was 10 year old in 1994 but I remember how my parents always had to spend all their money immidiatly after they get paid, because the very next day it would worth nothing :)

For example, if you go to a store today, you might be able to buy groceries for the whole week, but if you go to the same store day after, for the same money you could but like 2 eggs....

Quote: PajaSkotI lived in Yugoslavia in 1994 and I remember that hyper inflation. I was 10 year old in 1994 but I remember how my parents always had to spend all their money immidiatly after they get paid, because the very next day it would worth nothing :)

For example, if you go to a store today, you might be able to buy groceries for the whole week, but if you go to the same store day after, for the same money you could but like 2 eggs....

Must have been a nightmare.
I know sad stories of my grandma, and strangely, she quoted the same thing: My grandfather's wage for a day was worth of 2 eggs the next day in 1946. Happily my grandpa was a miller, so they always had food and flour... but it is BAAAD.

Here is an award winning pic from 1946, Budapest:



It really shows the value of inflation currency  

I was aware of the hyperinflation of Wiemar Germany and of course more recently in whatever they are calling Rhodesia these days. Interesting to know it's more widespread than is commonly thought.

I find it very troubling that our currencies are basically worthless since the adoption of base metals instead of gold and silver. Money only has value because it is underpinned by the reputation of the government issuing it. I can't speak for other countries but most Americans who have more brain cells than teeth find this to be a terrifying prospect.

We liquidated all our stock market holdings, apart from pensions. when the DOW hit 17,000. Apart from the absolute minimum needed to remain solvent it's all going into bricks and mortar and acreage.

Why do I have so little confidence in the US Government? Let me introduce you to Representative Hank Johnson (D), 4th Congressional District, Georgia.

http://www.youtube.com/watch?v=bs23CjIWMgA

For further information please refer to Sheila Jackson Lee, Joe Biden etc. etc. Yeah, your money is perfectly safe in the hands of such intellects. What could possibly go wrong?

another thing... even though we had Yugoslavian Dinar as the official currency everything was tyed to German Marks and German Marks were used everywhere. I remember that my father's monthly income was about 5 German Marks.

https://en.numista.com/catalogue/pieces843.html

Few years ago, when I was still a begginer at coin collecting, I remember that I bought that coin for 1 Dollar somewhere on a flee market, I was bummed all day long because I respect and love my father so much. Now when I am father myself, I just can imagine how he felt. Thanks God we are all alive :)

Something similar happens in countries that have controlled their currencies and limited the access to foreign currencies..

Argentina a couple of years ago

Syria and Venezuela.

The black market can reach more than 3 times at any given day and up to 10 - 15 times like in Venezuela at the moment...

Quote: pnightingaleWhy do I have so little confidence in the US Government? Let me introduce you to Representative Hank Johnson (D), 4th Congressional District, Georgia.

http://www.youtube.com/watch?v=bs23CjIWMgA

Aruba's population density is higher...got to go away from here before it tip over and capsize