Hyperinflation

By Howard Katz: One hears much discussion of hyperinflation on the gold web sites. It is a worst case scenario and used to alarm and excite. It is used to designate a period when prices are rising very rapidly, the favorite example being Germany of 1914-23, and during this time prices rose by very close to one trillion times. That is, a piece of bread which started off costing 1 mark ended costing one trillion marks. So it is not merely in today's world that we are using numbers above 1 trillion. But it is an instructive period of history, and we must always keep in mind that those who do not learn from history are doomed to repeat it.....read on