Who Wants to be a Trillionaire?

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testiomials Professor Steve Hanke of Johns Hopkins University, developed a new methodology to measure the inflation and determined that the annual rate had actually reached 89.7 sextillion (1021) percent by mid November 2008.”

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The Second Worst Hyperinflation

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testiomials Between October 1, 1993 and January 24, 1995 prices had increased 5 quadrillion percent. This number is a 5 with 15 zeroes after it.”

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- - - - Maximum Terror - - - - The French “Fiat” Revolution

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testiomials There is a lesson in all this which it behooves every thinking man to ponder”

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Fiat Money Inflation in France

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testiomials There is a lesson in all this which it behooves every thinking man to ponder”

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Law Learns a Lesson – The Mississippi Bubble

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testiomials New houses were built in every direction, and an illusory prosperity shown over the land, and so dazzled the eyes of the whole nation, that none could see the dark cloud on the horizon announcing the storm that was too rapidly approaching.”

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It's Not Easy Being Green - Lincoln's Greenback vs. the Confederate Dollar

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The Continental - The First U.S. Hypernflation

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testiomials "If in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice." George Washington, January 9, 1787”

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Gold Under Fire as Money Not Traceable like Bank Issued Toilet Paper

Gold, seemingly everywhere and nowhere at the same time, has popped up on the mainstream radar, after spending the year beating stock markets as the less volatile asset and completing yet another year in a recognized bull market. That’s a lot more than stock markets can say, as they merely tread water in real terms.

Bloomberg highlighted gold on New Year’s Eve as the medium of exchange that could serve as payment for assassinating the U.S. Ambassador in Yemen, according to recorded audio.

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Hyperinflation Déjà Vu—Can What Happened in Zimbabwe Happen In U.S.?

Even though the Presidential election is over and all of the accompanying hyperbole has ceased, the future of the U.S. economy is still on the minds of many. A poll taken by Fox News prior to the election reported that the #1 concern among voters was not jobs but rather price inflation. In the face of that citizen concern, the Federal Reserve is pursuing the worst possible course of action—QEfinity (the most recent iteration of Quantitative Easing—the expansion of the currency supply by buying up U.S. government debt from banks). If you don’t believe us that it is indeed the worst possible course of action, witness Zimbabwe.

Dr. Gideon Gono was first appointed Governor of the Reserve Bank of Zimbabwe (RBZ) in 2003 and was reappointed to his post with a new five-year term beginning in 2008. Many found Gono’s reappointment astonishing, given that Gono reigned over what is arguably the worst episode of hyperinflation the world has ever seen.

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Torturing the Iranian People - Groceries Skyrocket

Grand Bazaar, Tehran

Photo Credit: Yomadic.com

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