At least we know one thing for sure, that his PSYOPs education
hasn't helped him that much.

Okay Melly. You've been a very good boy. Get your boots. Feel free to disagree with my opinions given to Fine As.

Thanks for responding. Good boy.

Well I finally finished the book 'When Money Dies' by Adam Fergusson and a blooming good read it is too. If you're interested in hyperinflation, then please read it too, the level of detail of the Weimar monetary chaos is amazing. I'd like to thank the chap on here who recommended it, although he's surely far too modest to want mentioning by name, smiles.

Some of what happened to Germany in the early 1920s is unlikely to be replicated - reparations and being invaded unopposed by France in 1923 for example.
But much of what happened could still be repeated today.

A few examples in terms of how people behaved and thought:

Prices were believed to be rising by the general public - no they weren't, not really. Prices stayed the same, it was the money that was losing value. It's hard to expose the fallacy that inflation means that prices are rising ( it's so obvious as the number on the label gets higher, but that's because it takes more of the paper money to buy the same item because the money is worth less ). 

During the high inflation of 1920-21-22, unemployment was negligible, there were even labour shortages and this was considered a good thing. This relationship between high inflation and low unemployment wasn't really well explained, which would be my only criticism of the book, but it was real enough, and when neigbouring Austria stopped their hyperinflationary rot and unemployment there soared, it worried the Germans a little, so printing money continued as a way of financing public expenditure.

But worst was the general moral decline, dishonesty, and willingness to blame everything and anyone except the actual causes. Inflation was so high after WW1 that people delayed paying their taxes as long as possible and why not, people went on strike frequently for higher pay ( no problem, we'll borrow some worthless money from the central bank to meet your pay request ), people blamed foreigners, barterers, shops that opened for a couple of hours a day, hoarders of foreign currency, farmers/peasants who had goods of relatively fixed value to trade, gluttons, Jews, currency speculators, and especially foreigners who could actually come and buy things the locals couldn't. Nationalism took off.

Overall, a slow read but also a very good one.

Losing it's value.

So wat does hyperinflation mean.

IMO In short it means, a certain rate or % effects different countries in different ways.

Eg if inflation rises by say 15% in India over a 3 month period, it would not effect the people in that country all that much.

Now if it were to happen in the uk I think it would be kind of devastating.


Does any1 else agree, or am I mental

anyone want to give me sensible odds (with a numerical lower bound for hyperinflation) for 2013, 2014 and 2015?

The government's spending pace in 2013 has been $13.3 billion a day while tax receipts have averaged $10.8 billion, according to Capital Economics. That leaves a daily shortfall of $2.5 billion.

Treasury will have to start dipping into the nearly $36.5 billion in reserves it is holding to cover that shortfall, meaning the government can still run for about 14 more days. That, though, is probably too optimistic an outlook.

"Because tax revenues fluctuate and spending obligations are not spread out evenly, the Treasury is likely to exhaust its reserves before then," Paul Dales, senior U.S. economist at Capital, said in a report.
http://www.cnbc.com/id/101113997

so when can we expect this hyperinflation to set in?

All the hoarders are going to have to start eating the 1500 tins of emergency chic peas soon.