While run-away currency inflation may be new to the United States, many elder citizens of South American countries can tell you from first-hand experience how difficult things can get.
How does $35 for a gallon of milk or $1000 for a carton of eggs sound? |
"When Germany's hyperinflation finally came to and end on November 15, 1923, the currency supply had grown from 29.2 billion marks at the beginning of 1919 to 497 quintillion marks, an increase of the currency supply of more than 17 billion times. The total value of the currency supply, however, had dropped 97.7 percent against gold."
- Mike Maloney (pg. 17 - Guide to Investing in Gold and Silver)
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Have we allready same story here?
If your answer is yes, than you are responsable for your economic and financial future. So be responsable and wise!
All the best to you,
SC
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