New Posts For Thread: All the talk on here of hyperinflation, what modern day country has suffered it?https://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-itAnd I donr want a description of a situation in a third world country, I mean a madern economy thats actually suffered it.if brains were made of dynamite, the hyperinflationists would not be able to blow their nose.i see you mentioned all the biggies there melly-nicaragua, zaire, georgia what a turkey.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=512011215#512011215if brains were made of dynamite, the hyperinflationists would not be able to blow their nose.i see you mentioned all the biggies there melly-nicaragua, zaire, georgia what a turkey.Tue, 01 Nov 2011 20:03:34 -0500Spot on.He has, he is (I'm convinced he is right NOW surreptitiously - I was thinking of doing a post about it) and he will again soon. Like you said, THERE.IS.NO.OTHER.OPTION.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511996895#511996895Spot on.He has, he is (I'm convinced he is right NOW surreptitiously - I was thinking of doing a post about it) and he will again soon. Like you said, THERE.IS.NO.OTHER.OPTION.Tue, 01 Nov 2011 14:22:52 -0500'When the United States sneezes, the world catches a cold'Bernanke swore under oath he wouldn't monetise their debt but he is. They have no other option.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511996373#511996373'When the United States sneezes, the world catches a cold'Bernanke swore under oath he wouldn't monetise their debt but he is. They have no other option.Tue, 01 Nov 2011 14:13:30 -0500I'll post a 10,000 word response to your question as soon as I get a chance It's not the USD that will get us into hyperinflation, it's monetizing the massive USG deficits once UST buyers go on strike that will get us into hyperinflation. It's complihttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511994073#511994073I'll post a 10,000 word response to your question as soon as I get a chance It's not the USD that will get us into hyperinflation, it's monetizing the massive USG deficits once UST buyers go on strike that will get us into hyperinflation. It's compliTue, 01 Nov 2011 13:32:19 -0500how will the usd get us into hyperinflation.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511993779#511993779how will the usd get us into hyperinflation.Tue, 01 Nov 2011 13:27:02 -0500One last thought. The ONLY currency that matters is the USD. Keep that in mind when you are trying to assess the prospects of hyperinflation that is not localized to a single economy or country.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511992713#511992713One last thought. The ONLY currency that matters is the USD. Keep that in mind when you are trying to assess the prospects of hyperinflation that is not localized to a single economy or country.Tue, 01 Nov 2011 13:06:48 -0500My favorite example is Yugoslavia 1989-94. Cigarettes became the most commonly accepted medium of exchange. Many other lessons there too but I don't want to bore you.The most "modern"/recent (last ten years as you define it) are:Belarus is on the doohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511992431#511992431My favorite example is Yugoslavia 1989-94. Cigarettes became the most commonly accepted medium of exchange. Many other lessons there too but I don't want to bore you.The most "modern"/recent (last ten years as you define it) are:Belarus is on the dooTue, 01 Nov 2011 13:01:52 -0500I am not saying anythinf posted is wrong, just for me feel that it would take a lot more for this to happen but if it does it will not be confined to just UK so would be breaking new ground financially.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511991727#511991727I am not saying anythinf posted is wrong, just for me feel that it would take a lot more for this to happen but if it does it will not be confined to just UK so would be breaking new ground financially.Tue, 01 Nov 2011 12:47:02 -0500the reason is not because it can not happen here, I wanted to do a comparison and think comparing to a third world would not good.Modern as in recent times say 10 years.https://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511991633#511991633the reason is not because it can not happen here, I wanted to do a comparison and think comparing to a third world would not good.Modern as in recent times say 10 years.Tue, 01 Nov 2011 12:45:25 -0500'And I donr want a description of a situation in a third world country'That is such a telling comment. Not taking a shot at you, but this attitude of 'it can't happen here' as if we're special in some way.It has happened in Argentina (great blog herehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/28652261/all-the-talk-on-here-of-hyperinflation-what-modern-day-country-has-suffered-it?post_id=511991309#511991309'And I donr want a description of a situation in a third world country'That is such a telling comment. Not taking a shot at you, but this attitude of 'it can't happen here' as if we're special in some way.It has happened in Argentina (great blog hereTue, 01 Nov 2011 12:39:07 -0500