Seems to be the inevitable consequence of devaluation of the
currency with the MULTI trillion dollar bailouts that have occurred
over the past few weeks. We only have to look to the hyperinflation
of the German Weimar Republic in 1923 for a historical precedent.
For a more recent example we merely need to look at
Zimbabwe.
Before World War I Germany was a prosperous country, with a
gold-backed currency, expanding industry, and world leadership in
optics, chemicals, and machinery. The German Mark, the British
shilling, the French franc, and the Italian lira all had about equal
value, and all were exchanged four or five to the dollar.
That was in 1914. In 1923, at the most fevered moment of the
German hyperinflation, the exchange rate between the dollar and the
Mark was one trillion Marks to one dollar, and a wheelbarrow full of
money would not even buy a newspaper. Most Germans were taken by
surprise by the financial tornado.
Once they began to run the money printing presses, they were hard
to stop. The price increases began to be dizzying. Menus in cafes
could not be revised quickly enough. A student at Freiburg
University ordered a cup of coffee at a cafe. The price on the menu
was 5,000 Marks. He had two cups. When the bill came, it was for
14,000 Marks. "If you want to save money," he was told, "and you
want two cups of coffee, you should order them both at the same
time."
And what was the purpose of all this insanity?
The fledgling Nazi party, whose attempted coup had failed in
1923, won 32 seats legally in the next election. The right-wing
Nationalist party won 106 seats, having promised 100 percent
compensation to the victims of inflation and vengeance on the
conspirators who had brought it.
http://articles.mercola.com/sites/articles/archive/2008/11/08/is-the-u-s-headed-for-hyperinflation.aspx
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