Hyperinflation Is Like A Thief In the Night and Can Happen Anywhere.
In this report, I cover the early market action from London on Thursday, April 11th, 2019, I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at the subject of hyperinflation and in particular, I would like to dispel the myth that this monetary phenomenon is synonymous with only Socialism and countries like Venezuela. I go over briefly how hyperinflation is about the loss of confidence in the currency than anything to do with cost-push inflation.
I look at Brazil and my experiences growing up there and how hyperinflation came about there and how unlike Venezuela the crisis was actually fomented by the rule of a right-wing military dictatorship and not Socialism.
My conclusion is that if the monetary system is centralized and run as a fiat currency monetary system the ultimate end result will be hyperinflation and that it does not matter what political system a country is under as it has everything to do with fiscal and currency mismanagement.
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Hyperinflation coming to the USSA, unless they can rein in the budget and get back to sound money.