09 March, 01:16
Example of 'Hyperinflation.'
"Zimbabwe dollar estimated that it was losing value so quickly that its decline was equivalent to prices doubling in stores every 1.3 days.
The Zimbabwean government decided to fight fire with fire and printed even more money in higher denominations. Eventually, the country would produce a $100 trillion Zimbabwean dollar note — which had an exchange rate of about $30 (U.S.) in January 2009 and $5 in 2011. By 2015, it was worth just 40 cents"
https://money.howstuffwork...
"Zimbabwe dollar estimated that it was losing value so quickly that its decline was equivalent to prices doubling in stores every 1.3 days.
The Zimbabwean government decided to fight fire with fire and printed even more money in higher denominations. Eventually, the country would produce a $100 trillion Zimbabwean dollar note — which had an exchange rate of about $30 (U.S.) in January 2009 and $5 in 2011. By 2015, it was worth just 40 cents"
https://money.howstuffwork...
How much actual money is there in the world? | HowStuffWorks
Exactly how much money is there in the world? Learn how some have counted the amount of money that exists and why it's such a difficult task.
https://money.howstuffworks.com/how-much-money-is-in-the-world.htmNotice: Undefined index: tg1tga_access in /home/admin/www/anonup.com/themes/default/apps/timeline/post.phtml on line 396
The insanity of inflation vs recession
Curtailing inflation requires a halt to available funds via driving up interest rates to deter applicants from borrowing.
Establishing reserve requirements, which is the amount of money banks are legally required to keep on hand to cover withdrawals, now there's a great idea! This is another tool used by governments use to control inflation.
Minimize flow of currency within the country. Therefore, import more and export less creating higher debt to push money abroad.
Using a "contractionary monetary policy" to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates.
There's a fine line with these methods. Going a little to far and you gave know created a recession.
The entire monetary system need to be revamped!!
Curtailing inflation requires a halt to available funds via driving up interest rates to deter applicants from borrowing.
Establishing reserve requirements, which is the amount of money banks are legally required to keep on hand to cover withdrawals, now there's a great idea! This is another tool used by governments use to control inflation.
Minimize flow of currency within the country. Therefore, import more and export less creating higher debt to push money abroad.
Using a "contractionary monetary policy" to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates.
There's a fine line with these methods. Going a little to far and you gave know created a recession.
The entire monetary system need to be revamped!!
01:45 AM - Mar 09, 2022
In response Vincent Kennedy⍟ to his Publication
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