From the beginning of 1990 hyperinflation has occurred in 28 countries around the world on a total of 35 different occasions of which 17 occurred in 1992 alone. Currently, only Zimbabwe and Venezuela are plagued by hyperinflation.
By Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money!
When inflation exceeds 50% per month and lasts for at least 30 consecutive days it qualifies as hyperinflation.
For all the details check out The Hanke-Krus World Hyperinflation Table which contains all 58 episodes of hyperinflation over the past 100 years, including several which had previously gone unreported. The table indicates the start and end dates of each episode, identifies the month of peak hyperinflation, and signifies the currency that was in circulation, as well as the method used to calculate inflation rates.
Below is an amended and abbreviated Hanke-Krus World Hyperinflation Table
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After seeing the latest string of events unfold right before our eyes, many are openly pondering whether we may see hyperinflation hit the U.S. shores. Rather than ponder Trump’s latest executive orders or over the top pronouncements, let us first look at what hyperinflation is and how it works.
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The Great War ended on November 11th, 1918, when the signed armistice came into effect, but the peace agreement lead to additional destruction – the destruction of wealth and savings – in the form of an hyperinflation event in Germany from 1921 and 1924 that caused millions of people to have their savings erased.
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