Hyperinflation is when the prices of goods and services rise more than 50% a month. At that rate, a loaf of bread could cost one amount in the morning and a higher one in the afternoon. The severity of cost increases distinguishes it from the other types of inflation.
Hyperinflation starts when a country’s government begins printing money to pay for its spending. As it increases the money supply, prices rise as in regular inflation. An increase in the money supply is one of the two causes of inflation. The other is demand-pull inflation. It occurs when a surge in demand outstrips supply, sending prices higher. If hyperinflation continues, people hoard perishable goods, like bread and milk. These daily supplies become scarce, and the economy falls apart.
People lose their life savings as cash becomes worthless. For that reason, the elderly are the most vulnerable to hyperinflation. Soon, banks and lenders go bankrupt since their loans lose value.
For more information on hyperinflation, click here: https://www.thebalance.com/what-is-hyperinflation-definition-causes-and-examples-3306097
Fernando “FerFAL” Aguirre is a modern survival author that has lived through the 2001 socio-economic collapse of Argentina. He is the editor of The Modern Survivalist website and The Modern Survivalist YouTube channel.
Fernando is recognized in the survival and preparedness community for his first-hand experience and practical approach to survivalism. He published his first book “The Modern Survival Manual: Surviving the Economic Collapse” in 2009. Due to the continuing instability and growing social unrest, Fernando bugged out of Argentina with his family in 2011. This experience is the topic of his second book, “Bugging Out and Relocating: When Staying Put is not an Option”.
His latest book “Street Survival Skills” focuses on practical tips, tricks and tactics for urban and modern day survival.
Fernando has lived in Argentina, United States, Spain and Northern Ireland.
Website Link: https://www.themodernsurvivalist.com/
Economic Collapse, Hyperinflation, Dollar Collapse 2020, money printing, Fernando Aguirre, coronavirus economic collapse, death of money, Outer Limits of Inner Truth, Ryan McCormick, Mental Health News Radio Network
"All the money the Fed is printing isn’t going to have value. It isn’t going to buy anything. Prices are going to skyrocket. And in fact, this coronavirus is accelerating that process because the coronavirus is reducing the supply of goods available to buy.” Peter Schiff The Real Crash Is Here with Peter Schiff Peter Schiff is Chairman of SchiffGold, CEO and Chief Global Strategist of Euro Pacific Capital, Inc, […]
