Comments on: Inflation – Worst Case Scenario http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/ Money Management, Small Business, Career Sat, 20 Mar 2010 20:53:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/comment-page-1/#comment-16107 Ryan Fri, 16 Jan 2009 04:06:13 +0000 http://cashmoneylife.com/?p=295#comment-16107 I couldn't believe it either! The only way to do it is to stabilize the government and the Central Bank, then scrap the old currency. It's easier said than done! I couldn’t believe it either! The only way to do it is to stabilize the government and the Central Bank, then scrap the old currency. It’s easier said than done!

]]> By: fathersez http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/comment-page-1/#comment-16106 fathersez Fri, 16 Jan 2009 03:47:44 +0000 http://cashmoneylife.com/?p=295#comment-16106 All I can say is "WOW!". I thought that Zimbabwe was champion but it looks like Hungary will be holding the world record for quite some time to come. Wonder how they came out of this deep hole? All I can say is “WOW!”.

I thought that Zimbabwe was champion but it looks like Hungary will be holding the world record for quite some time to come.

Wonder how they came out of this deep hole?

]]> By: Kristy http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/comment-page-1/#comment-16104 Kristy Fri, 16 Jan 2009 02:50:57 +0000 http://cashmoneylife.com/?p=295#comment-16104 Wow, all those numbers gave me a headache! Interesting post, though. I've heard of the term hyperinflation and knew that there were some cases of it, but I couldn't recall any details. It was very interesting to read about it, though because it does give you perspective. I may not like the way my finances are going, but at least I don't have to spend $50 billion to buy a loaf of bread. W-O-W! Wow, all those numbers gave me a headache! Interesting post, though. I’ve heard of the term hyperinflation and knew that there were some cases of it, but I couldn’t recall any details. It was very interesting to read about it, though because it does give you perspective. I may not like the way my finances are going, but at least I don’t have to spend $50 billion to buy a loaf of bread. W-O-W!

]]> By: Ryan http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/comment-page-1/#comment-16091 Ryan Wed, 14 Jan 2009 20:38:29 +0000 http://cashmoneylife.com/?p=295#comment-16091 Basically like the Euro conversion a few years back. The country or countries announce it, set a date, lock in conversion ratios for the new currency and enforce the new currency. It will really only work when there is a stable government and banking system behind it. Basically like the Euro conversion a few years back. The country or countries announce it, set a date, lock in conversion ratios for the new currency and enforce the new currency.

It will really only work when there is a stable government and banking system behind it.

]]> By: Craig http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/comment-page-1/#comment-16090 Craig Wed, 14 Jan 2009 20:35:23 +0000 http://cashmoneylife.com/?p=295#comment-16090 @Ryan How would a government scrap currency and start over? I'm curious what that process must be like. @Ryan How would a government scrap currency and start over? I’m curious what that process must be like.

]]> By: Ryan http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/comment-page-1/#comment-16089 Ryan Wed, 14 Jan 2009 20:29:41 +0000 http://cashmoneylife.com/?p=295#comment-16089 Craig, Their govt. is practically non-existent. Their currency is at the point that they will need to scrap it and start over - but only after their govt. and national bank stabilizes. Craig, Their govt. is practically non-existent. Their currency is at the point that they will need to scrap it and start over – but only after their govt. and national bank stabilizes.

]]> By: Craig http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/comment-page-1/#comment-16088 Craig Wed, 14 Jan 2009 20:25:26 +0000 http://cashmoneylife.com/?p=295#comment-16088 Nice post Ryan, never heard the term hyperinflation before but it was nice to learn about it through the case studies. Crazy how they have $20 billion dollar notes in Zimbabwe. You would think they would create an easier system. Nice post Ryan, never heard the term hyperinflation before but it was nice to learn about it through the case studies. Crazy how they have $20 billion dollar notes in Zimbabwe. You would think they would create an easier system.

]]> By: Ryan http://cashmoneylife.com/2009/01/14/hyperinflationinflation-worst-case-scenario/comment-page-1/#comment-16085 Ryan Wed, 14 Jan 2009 15:32:33 +0000 http://cashmoneylife.com/?p=295#comment-16085 Just having a little fun with history today. :-) But, yeah, it got pretty bad for those countries. I can't imagine how horrible that must have been. Just having a little fun with history today. :-)

But, yeah, it got pretty bad for those countries. I can’t imagine how horrible that must have been.

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