Edward Stern is a writer on earning your bachelors degree online. Marriage is a union between two people who are in love and want to share the rest of their lives together, but boy does money enter into the equation in a big way. Money issues are the #1 reason for divorce in the United […]
Millions of U.S. citizens are concerned about deficit spending and the possibility of high inflation and even hyperinflation. To illustrate how easily fiat money can become hyperinflated, I have been highlighting the top four countries that have had hyperinflation.
The hyperinflation was caused by the government issuing massive amounts of new money. This caused prices to rise. Germans with money saved had it wiped out, making them destitute. The German government essentially monetized its debt, much like the U.S. is doing of late.
Above is a 100,000 Milpengo banknote if I am reading it correctly. A Milpego is a million pengos. So this note is a 100 billion pengo banknote. However this is small change.
Recently I have been concerned about the increased deficit spending by the Obama Administration. The risk of inflation, even hyperinflation, seems to be in our future. With a little study I was surprised to learn scores of countries have experienced hyperinflation. In November 2008, Zimbabwe had a monthly inflation rate of 79,600,000,000% and an annual […]
There is a crunch in the American economy and times are hard now. How is it possible to survive in this financial crisis? It is about time that you start saving for the “rainy day”.
2010 predictions about the DOW, gas, the House, gold, and unemployment.
With China and India acquiring gold it is interesting to see that the United States still holds almost eight times the gold that China does and more than fourteen times India’s reserves. Of note is that the United States has 78% of its foreign reserves in gold.
The fuss lately over bank fees has left me mostly disinterested. After all, fees are what other people pay — those folks who don’t know how to manage their money. Wrong. When it happens to you then it isn’t carelessness any more. It’s just the law of averages — sooner or later the fee devil will get you.