Hey Melua, there won't be any Hyperinflation while we have recession! And we won't have it whilst we meander through depression. All we'll have is high unemployment and no shoppers in malls.
However the after party unfortunately is once we get to break even (no recession) then you can bet your beppa dollar that we,they and us will have high and hyper inflation.
For previous see Weimar Germany loaf of bread 10000 marks, previously bought a car. Peron's Argentian, loaf of bread 1 million pesos, previously bought a house Zimbabwe, the punters would go to the bank and get the 15 million for the bread but by the time they got there, the bread was 20 million, (buy bread futures!!) Now in Zimbabwe they have gone a step further you need a gram of gold for a loaf of bread, no number of dollars cuts it and they now DON'T print it, there isn't any.
In the USA now unemployed are searching for gold- Wait Up that won't happen in the good old US of A! Well it happened in Iraq, considered the cradle of society, it happened in Greece, considered the home of modern thought and architecture and it happened in Italy (Rome) where the governments changed monthly.
Will it happen in the USA- it might take a little time Will it happen in Australia- NOT THIS MILLENIUM.
BBI Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
