Federal Deficit Hits Record $1.42 Trillion Oct 17, 2009
This debt will lead to hyperinflation. They will knock two zero's off of the One Hundred Dollar bill. (CBS News -- US)
Fed's Fisher: keep rates low, inflation not a risk Oct 16, 2009
How to beat hyperinflation before It cripples the economy Report. Featured. (Yahoo News -- Press Releases)
When money is worthless Oct 14, 2009
Disruptions of commodity flows of this kind can potentially cause both hyperinflation and a major recession ... We have never experienced a global hyperinflation, in which money is unable to purchase goods, so it becomes worthless ... Similar effects have been produced by excess money printing in Latin America; in hyperinflationary periods citizens of Argentina have starved, even though the country is one of the world's greatest food producers. (Asia Times Online)
Icebergs Are Everywhere Oct 14, 2009
Location: NC Reply # 2 Date: Oct 13, 2009 - 5:03 PM EST Hyperinflation is coming. buy gold. (Townhall.com)
Hints of better days to come in the economy? Oct 9, 2009
Nevermind the inflation and hyperinflation must follow which our children are going to have to absorb. Another thing, the Green Economy is an illusion. (Atlanta Journal-Constitution -- Opinion)
Bernanke works onas jobless tally mounts Oct 8, 2009
If these enormous excess reserves were released into the economy, they could turn into a bomb of mass-destruction; hyperinflation might be unavoidable with still more devastating effects on unemployment, and capital losses from unsafe lending would result in a new generalized round of bankruptcies. Similarly, little attention seems to have been paid to the sectoral composition of unemployment. (Asia Times Online)
Mayland: Economy primed for powerful recovery Oct 8, 2009
That has led to hyperinflation in other countries. But the Federal Reserve still has time to tighten the reins on excess liquidity. (Cincinnati Business Courier, OH)
‘Cap and trade’ holds promise Oct 7, 2009
cocoa wrote on Oct 6, 2009 8:51 PM:" Cap and trade will cost the poor and rich alike a minimum of $1700.00 per year in increased electric and heating fuel costs. Thats an added minimum of $85.00 to your current electric bill and another $85.00 to your heating bill per month. With the jobless rates, hyperinflation, and recession, it is a train wreck waiting to happen!Tax and spend Liberals can stay on the train, but Im bailing off! Its unsustainable for families to support this tax hike and... (Logan Herald Journal, UT)
Zimbabwe: Fees Keeping Poor Students From Writing Exams Oct 7, 2009
Hyperinflation, widespread food shortages, cholera outbreaks and an almost year-long strike by teachers in 2008 led to the near total collapse of an education system already undermined by the economic and political crises besetting the country ... Public servants, including teachers, have been paid in foreign currency as a hedge against hyperinflation since the formation of the unity government in February 2009, which has brought back some stability to schooling, but there are still mountainous... (allAfrica.com)
Zimbabwe: Yearlong Sanctions Bring Few Reforms Oct 7, 2009
Unable to pay civil servant salaries or procure goods on the world market, Mugabe's attempt to print Zimbabwean dollars as a solution to his country's financial crisis led to massive hyperinflation, with the Zimbabwean dollar's inflation peaking at a reported 231,000,000 percent. The inflationary crisis was solved only by the currency's complete elimination in favour of the more stable U.S. dollar in January. (allAfrica.com)
Inflation fears eating you up? Consider TIPS Oct 4, 2009
"I don't talk to too many fund managers who are alarmist about this they're not talking about hyperinflation like some emerging market country might have. But they are talking about higher-than-average inflation.". . (The Augusta Chronicle)
Gold Tells You U.S. Bubble Hasn't Popped Yet Oct 1, 2009
They are always looking for the hyperinflation that never comes. Gold bugs pay a premium over the metal price for gold and silver coins on the notion that they will need the currency, come the Apocalypse. (Bloomberg -- Columnists)
Profile: Alberto Fujimori Oct 1, 2009
Though this shock therapy brought great hardship for ordinary Peruvians, it ended rampant hyperinflation and paved the way for sustained economic growth in the second half of the 1990s ... Most voters cited his victories over left-wing insurgents and hyperinflation as the reason for giving him their support. (BBC News -- Americas)
Editorial: Put Zimbabwe's People First Oct 1, 2009
Hyperinflation is no longer at its peak of 200 million percent and there has been an increase in overall production. It goes to show that if there is a genuine desire by politicians to serve, the life of Zimbabweans would be transformed a lot more. (allAfrica.com)
Country profile: Peru Oct 1, 2009
Hyperinflation, food shortages and a Maoist guerrilla insurgency plagued his 1985-1990 term; the president says he has learned from his mistakes. Economic turmoil dogged Alan Garcia's first government. (BBC News -- Americas)
Poll: More Approve of Obama on Health Care Sep 25, 2009
Hyperinflation will be the only alternative. If anyone at CBS can count. (CBS News -- Evening News)
HSBC bids farewell to dollar supremacy... Sep 25, 2009
" Ahhh the poor widdle Chinese are having difficulty manipulating their currency. What a shame. Let the USD fall. Then we will quit buying so much Chinese junk. Karla H on September 24, 2009 at 08:19 PM HSBC is the domain of George Soros. Isn't that a coincidence? Margaret on September 24, 2009 at 08:19 PM What you all fail to realize as I am looking down reading your comments is YOU put them in office. If you did not vote, then you did not put them in office so be quiet because it is just as... (The Drudge Report)
The Case for Higher Interest Rates Sep 24, 2009
This is the reason some are muttering darkly about the Argentina Model: when central planners borrow and print money recklessly, outside of outlier Japan, there are only two end-points hyperinflation or devaluation of the currency, either of which wipes out the income and wealth of the citizenry. That can t possibly happen here, or so we are reassured. (The American Conservative)
Don't bite the hand Sep 24, 2009
Now if the Chinese decide to cut us off, the next stop will be hyperinflation. On President Obamas world apology tour, he kept playing up how great other countries are and how bad America has been. (Fresno Bee -- Opinion)
Outside the bubble Sep 19, 2009
It's about being open to the possibility that in a well-functioning economy like the United States - not an economy with hyperinflation, not an economy with a world war going on, none of those things happening - house prices for the whole country can get 30 per cent out of line and at some point that will just unwind, which has massive implications. The point of the efficient markets hypothesis is that sort of stuff is not supposed to happen. (Sydney Morning Herald -- Business)
Scourge of commodityinflation returns Sep 18, 2009
Commodity price inflation may accelerate and turn into a hyperinflation. Under this scenario, the world may have to again live with the same food and energy nightmares of 2007-2008. (Asia Times Online)
"We need new banks" Sep 18, 2009
To a large extent because of the series of financial traumas the country had suffered in quick succession: The hyperinflation of 1922-23 and the deflation that accompanied the global financial crisis of 1929. Then what role, if any, does money play in our history. (Salon)
Africa: Curbing Capital Flight a Matter of Political Will [interview] Sep 17, 2009
The only other obstacle of this magnitude to poverty reduction is hyperinflation. But hyperinflation is always a short-term phenomenon. (allAfrica.com)
End the Fed -- A Preview Sep 17, 2009
The currency was inflated to the point of disaster, the first great hyperinflation in U.S. history, and it gave rise to a hard-money school of thought that would agitate against central banking and paper money for generations. It also explains why the Constitution placed a ban on paper money and permitted only gold and silver. (The American Conservative)
Read the story Sep 16, 2009
As the Tibbets save in their piggy bank they might want to consider how much of the U.S. dollar's value has actually been erased against other currencies in just the past three or four months since Treasury Secretary Geithner publicly stated that hyperinflation would never happen in the U.S. Of course, in keeping with his traditional smirky self, he wasn't even cordial enough to state that "high" inflation might be a serious issue or that saving cash in the near term might be futile unless the... (CBS News -- Evening News)
NIA Releases Video of March on Washington Tea Party Protest Sep 16, 2009
We need to wake up America and help everybody become aware of how we will pay for and feel the consequences of the government's destructive actions, and it will be through hyperinflation ... The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation. (PR Newswire)
Zimbabwe: One Year On and Still Treading Water Sep 15, 2009
The Zimbabwean dollar was discontinued and replaced by multiple foreign currencies to end hyperinflation measured in trillions of percent. However, the GPA has failed to fulfil expectations that life would be better. (allAfrica.com)
U.S. Accepts Iran's Offer for Talks Sep 13, 2009
WASHINGTON, Sept. 12, 2009. In Reversal, Tehran Extends Invitation for Negotiations, Including on Nation's Nuclear Program. (CBS News)
Japan's election: Lost in transition Sep 10, 2009
Many Japanese do indeed remain proud of the country s economic achievements from the late 1950s onwards, when memories of the crushing poverty and hyperinflation of the immediate post-war years were receding, Japan, under the then youthful, tenacious LDP, embarked on an income-doubling plan that was spectacularly successful. The savings rate shot up, providing a pool of money for investment. (The Economist)
Money-supply data: Narrow success, broad concerns Sep 9, 2009
So when central banks started pursuing unorthodox monetary policies, including the purchase by central banks of government debt, to boost their economies, some commentators started muttering about the possibility of a descent into Weimar-style hyperinflation. Others took a different view. (The Economist)
Why does Michelle Obama hate farmers? Sep 9, 2009
Fiscal conservatives warned that in the unlikely event the White House Farmer's Market turned out to be a popular success, demand for White House produce would skyrocket, leading to devastating commodity price hikes, hyperinflation, and rising yields on U.S. Treasuries. "The federal deficit will only become more unsustainable as a result of this unthinking application of Keynesian fiscal stimulus to local food markets," said an economist. (Salon)
Zimbabwe: Party Loyalties Disrupt Education Sep 8, 2009
The country ditched its own currency, the Zimbabwe dollar, to tame rampant hyperinflation. In a bid to revitalize public services, employees across the board are paid a similar wage in US dollars, which was initially welcomed but has since been derided as paltry by recipients. (allAfrica.com)
PAPER: USA 'FACES ARGENTINA-STYLE FALL'... Sep 7, 2009
It's can be paid through default, hyperinflation, or decades of enslavement of US citizens. Dr. Acula on September 07, 2009 at 09:04 AM. (The Drudge Report)
* Zimbabwe receives IMF loan Sep 7, 2009
Zimbabwe has suffered a decade of economic meltdown and record hyperinflation, worsened by the withdrawal of western aid over policy differences with Mugabes previous administration, before he formed the unity government this year with rival, Morgan Tsvangirai. Western donors have demanded broad political and economic reforms before giving direct aid to the government. (Taipei Times, Taiwan -- World)
Home foreclosures continue to mount Sep 2, 2009
Depression til 2020 or Civil war based on hyperinflation, those are the two choices we face if we remain on our current path. jwhenry. (Atlanta Journal-Constitution -- Business)
Norway's Iraqi ace-in-the-oil-well Sep 1, 2009
Dick Morris, the Fox News commentator, political consultant and alleged foot-fetishist, has a stock tip for you: If you want to be prepared for the upcoming era of Obama "hyperinflation," sign up for Nicholas Vardy's Global Stock Investor newsletter ... Inflation might be a long-run threat, but hyperinflation is not ... The term "hyperinflation," technically speaking, refers to rising, for example, by at least by 50 percent a month or worse. (Salon)
Is America still depression-proof? Sep 1, 2009
Yet they were able to do so only by taking unprecedented actions that resulted in trillions of dollars in new debt that may so weaken the government and the public's trust in its financial capacity that a deflationary collapse, hyperinflation, or centrally planned economy sometime in the future may be unavoidable. Two of Friedman's statements are suspect in light of the recent meltdown. (Christian Science Monitor)
Debt Slave Surpasses 38,000 Views in Three Days Sep 1, 2009
"The National Inflation Association is pleased to announce that its latest economic movie, Debt Slave, has surpassed 38,000 views on YouTube within three days of its release. Debt Slave was YouTube's #1 top favorited and #2 top rated news and politics video of the weekend. While some are calling the beginning of Debt Slave very disturbing and not for the faint of heart, almost everybody seems to agree that the movie is very powerful and successfully delivers its message that Americans need to... (PR Newswire)
Zimbabwe: Give Multi-Currencies a Chance Aug 29, 2009
One does not have to do much to remind the nation of the speed with which shelves emptied, price controls came but had no effect on hyperinflation. Currency was being traded on streets and in cars and dark alleys; the same applied to goods and services. (allAfrica.com)
Zimbabwe: Govt Seeks U.S.$145 Million from China Aug 29, 2009
All the funds, however, lost value under the weight of hyperinflation. In April 2007, the Property Gazette reported that construction of the new building was controversially awarded to Pantic Architects, a Yugoslav company based in Harare, which is working with Studio Arts, a local company owned by Joel Biggie Matiza -- ZANU-PF's Murehwa South House of Assembly member. (allAfrica.com)
The Actions That Are Necessary Now: "$10 for Tark." Aug 27, 2009
The country is on the edge of unleashing hyperinflation which will not only destroy economic growth for years to come but also wipe out the savings of millions of retired Americans. It is unconscionable that the country is borrowing so much money, and there is no rationalizing it except as a ruthless political payoff to the president's most loyal constituencies. (Townhall.com)
History Will See Bernanke As Worst Fed Chairman Aug 27, 2009
In that case, we will most certainly have hyperinflation. In order to prevent hyperinflation, we need a Federal Reserve Chairman who has the courage to raise interest rates and force our country to endure a steep recession, rather than pushing our problems down the road and making them bigger ... It is better to have our much needed recession now, than a Great Depression coupled with hyperinflation a few years down the road. (PR Newswire)
Feingold: No health care bill before Christmas... Aug 26, 2009
"And I have told the administration not to count on me for another stimulus package. You can't just keep doing this because it creates hyperinflation.". Feingold also said he has not been a supporter of so-called cap-and-trade proposals, and he compared the issue to global warming, at least with respect to gaining cooperation from other nations. (The Drudge Report)
IMF adopts irrigationplan during a flood Aug 25, 2009
Inflationary episodes following rapid money printing have been numerous, with startling experiences that included the French assignats, the German hyperinflation, and the recent Zimbabwe inflation. The US dollar has already depreciated at an annual rate of 10% relative to gold since 1971. (Asia Times Online)
Zimbabwe: Inflation Creeps to One Percent Aug 25, 2009
Zimbabwe's month-on-month inflation returned to single digits after government abandoned the local currency in January, following years of hyperinflation estimated to have peaked above 10 billon % in December last year ... Zimbabwe now calculates inflation in US dollars after it abandoned its own currency that had become worthless after nearly a decade of acute recession and hyperinflation. (allAfrica.com)
Royal Reasons for Overlooking Financial Meltdown Aug 25, 2009
Or whether it will just create hyperinflation and a bigger crash in a few years. And that surely points to a broader failure of the science of economics. (Bloomberg -- Columnists)
Zimbabwe: Zimdollar Debate - More Than Simple Economics Aug 23, 2009
Harare One thing shown by the interest elicited by the prospect of the reintroduction of the Zimbabwe dollar, which has been "dead" for about half a year now after suffering the vagaries of sanctions-induced hyperinflation, is that the issue of our national currency is more than a simple economic phenomenon ... Zimbabwe's hyperinflation was caused by a number of factors spawned by the illegal economic sanctions, chief among them the flight of capital and under-performance of industry ... These... (allAfrica.com)
The macabre joke of inflation Aug 21, 2009
Millions, Billions, Trillions: Germany in the Era of Hyperinflation - SPIEGEL ONLINE - News - International ... Germany in the Era of Hyperinflation ... During the hyperinflation in Germany of 1920s, the country's currency, the mark, went crazy. (Harper's Magazine)
Schiff: Hyperinflation Risk High Aug 20, 2009
Wednesday, August 19, 2009. SIGN UP FOR FREE NEWS ALERTS. (Newsmax)
Zim curbs hyperinflation Aug 20, 2009
0 percent in July, seven months after the scrapping of the local currency ended a decade of hyperinflation, the statistical agency said on Wednesday ... Zimbabwe's inflation suddenly returned to single digits after government abandoned the local currency in January, following years of hyperinflation which peaked into multiples of billions. (iAfrica.com)
Zimbabwe in toll road confusion Aug 20, 2009
It happened a month after Mr Tsvangirai had joined a unity government in a bid to revive the country's economy, battered by years of hyperinflation and economic contraction. Airline cuts. (BBC News -- Africa)
Think About It- Ominous parallels Aug 20, 2009
Ultimately, the currency of Germany collapsed under the weight of hyperinflation. What started out at 4 marks to the dollar in 1914, ended less than 10 years later at a trillion marks to the dollar. (Billerica Minuteman, MA)
Air Zim hits turbulence Aug 19, 2009
Last year at the height of the country's hyperinflation, which officially hit 231-million percent but was believed many times higher, Air Zimbabwe was forced to sell tickets in the virtually worthless local currency. That left the airline struggling to pay its membership fees with the airline regulation body, the International Air Transport Association (IATA), while it couldn't pay landing fees at London's Gatwick Airport. (iAfrica.com)
IBM Bets on Brazilian Innovation Aug 18, 2009
In the past, Brazil has been hobbled by hyperinflation, rampant political corruption, and failed fiscal and monetary policies. But with a growing and stable economy in recent years, multinational corporations such as IBM and Hewlett-Packard () and venture capital and private equity players now see additional opportunity for technology innovation in the sun-drenched nation. (BusinessWeek)
Disabled Woman Assaulted at Health Care Town Hall Meeting Aug 17, 2009
The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation. The NIA offers free membership at and provides its members with articles about the economy and inflation, news stories, important charts not shown by the mainstream media; YouTube videos featuring Jim Rogers, Marc Faber, Ron Paul, Peter Schiff, and others; and profiles of gold, silver, and agriculture companies that we believe could prosper in an inflationary environment. (PR Newswire)
Zim docs resume strike Aug 15, 2009
Zimbabwe's health service has been in crisis for some time, with doctors and nurses frequently striking for better pay when the economy was beset by hyperinflation before the installation of a national unity government in February. It has also had to cope with a cholera epidemic which was recently brought under control. (iAfrica.com)
ANALYSIS-Zimbabwe strikes test unity government Aug 14, 2009
Reopening schools and hospitals had been among the greatest achievements of the government, which has also brought goods back into shops and a return of price stability by abandoning a worthless local currency that led to hyperinflation. To satisfy workers whose goodwill has run out, however, the government needs money -- exactly what it does not have. (AlertNet)
Biological tweakto Adam Smith Aug 12, 2009
It can be mitigated by careful use of indexation, as was done in Chile, where since 1967 the central bank's unidad de fomento has mitigated money illusion even in periods of hyperinflation. The greatest advance in biological understanding of economics is that economic rationality appears to be an illusion. (Asia Times Online)
Brazil's Coming Rebound Aug 11, 2009
In a country long plagued by hyperinflation, devaluations, and defaults, Lula last year won investment-grade status for Brazil's sovereign debt. And he did it while expanding social programs that have dramatically reduced poverty rates and spurred expansion of the middle class. (BusinessWeek)
Osafo Marfo on competence and loyalty Aug 10, 2009
Ghanas economy had between the mid 1970s and mid 1980s experienced what had been described as an extraordinary and self reinforcing economic decline, characterized by negative growth, hyperinflation, acute food shortages, massive unemployment, etc. What was worse, Ghanas enviable modernity features i.e. transport and communication networks, the education and health systems attained in the first decade after independence deteriorated and finally collapsed disastrously (The Paradox of... (Ghana Web, Ghana)
Click to read:Jobless Rate Falls to 9.4% as Layoffs Slow Aug 8, 2009
Hyperinflation of 25% or more due in 3 years or less. Our money will become worthless. (CBS News)
Optimism returns to Zimbabwe Aug 5, 2009
Last year the shelves were almost empty and, with hyperinflation raging, a kilo of tomatoes cost 61 billion Zimbabwe dollars. Now the national currency has been abandoned, the US dollar is king, and the shelves and aisles are full. (BBC News -- Africa)
Washington Is Clueless About Inflation Aug 4, 2009
"It's unfortunate that nobody in Washington understands what the true definition of inflation is. Inflation is the expansion of money supply from the printing of money, low reserve requirements, and the Federal Reserve's open market operations. The hyperinflation in Germany in the 1920's as well as in Zimbabwe today was caused by the government running their printing presses non-stop, exactly like the U.S. is doing right now. It just so happens that our massive printing of U.S. dollars has come... (PR Newswire)
Geithner: Lower Deficit Key to Recovery Aug 3, 2009
But huge deficits could lead to hyperinflation, which would wipe out the banks ... Wouldn't it be a laugh if the banks and the wealthy were wiped out by hyperinflation in spite of, and even because of, the mega bailout. (CBS News)
Timeline: Germany Aug 3, 2009
Hyperinflation leads to economic collapse. 1924 - Hitler writes Mein Kampf - "My Struggle" - in prison. (BBC News -- Europe)
