hyperinflation Tag

There is a new trend by individuals in the alternative media community who are now selling out of precious metals and buying into Bitcoin and cryptocurrencies. While this may seem like a good idea, especially when Bitcoin and the cryptocurrencies reach new all-time highs, it is likely a big mistake. Now, I am not saying that individuals shouldn’t invest in cryptocurrencies. Rather, it’s a lousy idea to sell all of one’s precious metals holdings and put it all into Bitcoin and cryptocurrencies. Recently, Sean at SGTReport published a short videoRead More

Posted On December 18, 2017By Bullion TigerIn News

Second Bitcoin Futures Debut Could Lure Volume To Wild Market

NEW YORK  – Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world’s largest derivatives exchange operator, launches its own contract to wager on the cryptocurrency on Sunday. The second U.S. bitcoin futures launch is seen as another step towards big institutional investors warming up to a volatile asset that had until recently been accessible only via largely unregulated markets. Like the futures contract launched last week by rival Cboe Global Markets, CME’s will be cash settled. But it will be priced off an index ofRead More

Posted On December 13, 2017By Bullion TigerIn Articles

Four reasons why you shouldn’t count gold out just yet!

Remember gold? It seems like only six years ago the shiny metal was flavor of the month, hitting a record $1,900 a troy ounce while its backers prophesied the end of the fiat money system.  With bitcoin sucking up all the crazy in financial markets, gold looks to have lost its luster. The CBOE/Comex Gold Volatility Index, a rough proxy for the amount of fun and profit available for precious metal traders, touched a record low of 10.17 last month, from levels north of 37. That may be overdue aRead More

Posted On October 26, 2017By BlackbeardIn Articles

Iran Should Go For Gold, Not A Currency Reform Illusion

Last December, the Iranian government of Hassan Rouhani passed a bill to change the name of Iran’s national currency from the rial to the toman. This would require a redenomination in which one zero was lopped off Iran’s unit of account, as 1 toman is equal to 10 rials. Without a change in the monetary and exchange rate regime, the proposed changes amount to a great illusion. Iran’s currency is, of course, one of the many reasons for Iran’s economic dysfunction. Indeed, since the Islamic Revolution of 1979, the rialRead More

Posted On October 26, 2017By BlackbeardIn Articles

Venezuelans turn to Bitcoin to escape currency crisis

By now, most Americans are familiar with the economic basket case that is Venezuela. The country’s economy has collapsed, leaving the population desperate and starving. The human cost is highly visible and tragic, but what gets less attention is the way in which the government has destroyed the country’s currency, thereby making it impossible for citizens to buy basic necessities. It’s a common story in socialist countries. Unable to sustain massive levels of government spending, the state prints more and more money, trading short-term gains for massive inflation. It’s oneRead More
This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500-square-foot house, to their shoes – and trading it in for theRead More
For many years, I’ve described black markets not as the evil danger to economies that governments profess them to be, but as predictable and sensible reactions to the overregulation of official markets. Black markets appear whenever an official market has become overregulated or otherwise unworkable due to governmental interference. They then thrive in direct proportion to the failure of official markets to function freely. They are, in fact, both a barometer and a checks-and-balances system for official markets. Back in 2008, I commented on the growth of the black market in Zimbabwe,Read More
For decades citizenry has been fooled to participate in a paper scam (government fiat). It’s a ticking time bomb before the majority realizes that their currency (that they expend all their energy for) is a horrible store of value. We have seen plenty of examples in the recent past where a countries currency experiences a death spiral which eventually leads to hyperinflation where the velocity of the currency in circulation explodes. Where paper notes turn into a hot potato and the only thing people want to do is get rid of it as quickly asRead More
“I am no Mussolini,” Venezuela’s beleaguered President Nicolas Maduro insisted on television early this month. But if things go on this way, he could end up like Mussolini. That would be very unfortunate for him and also for Venezuela. The daily street protests against Maduro’s rule are in their second month, and around 40 people have already been killed, most of them by the police. “Molotov cocktails” (fire-bombs) are old hat; the new fashion is for “poopootovs” — containers of human or animal excrement that are thrown at the security forces. Nobody knows when itRead More

Posted On May 12, 2017By HoudiniIn Articles

What is Hyperinflation? (with Malay subs)

For more information and the latest news about our economic conditions, visit: www.nubex.org Follow us on: Facebook: https://www.facebook.com/nubexers Instagram: https://www.instagram.com/nubex_my/ Twitter: https://twitter.com/nubextwit Can you imagine using your paper money as a wallpaper to decorate your house or burn them to provide heat during wintertime? Well, that’s what happened in Weimar Germany from 1921 to 1924 when its currency, the Mark, lost its value. This period when the concept of inflation is rendered meaningless is known as the period of “Hyperinflation”. In recent times, hyperinflation occurred in places like Zimbabwe andRead More