Out of the Frying Pan – Into the Fire – A story of Hyperinflation
Source: http://feedproxy.google.com/~r/YourFinancialFuture/~3/IUS9h4Dnc6Q/Posted on Wednesday, September 23rd, 2009 | In Market Commentary
Contributed by: Alex Stanczyk (http://rapidtrends.com/blog) -
A few years ago I started commenting on the hyperinflation of Zimbabwe.
Back in February, Zimbabwe started using US Dollars as the common transactional currency. This reminds me of how markets have over time usually picked a currency to use, in history the choice was usually gold and or silver.
Interestingly, the Zimbabwe economy is on its way back to recovery with items on store shelves once again as you will see in this video.
What the market place of Zimbabwe seems to have missed, is that the US is doing to its dollar exactly what the Reserve Bank of Zimbabwe did to its own currency.
http://themessthatgreenspanmade.blogspot.com/2009/09/shopping-in-zimbabwe.html
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Tags for this Post:
Alex Stanczyk, Market Commentary, Reserve Bank of Zimbabwe;, United States, Zimbabwe
Alex Stanczyk, Market Commentary, Reserve Bank of Zimbabwe;, United States, Zimbabwe
 About Alex Stanczyk (http://rapidtrends.com/blog)
Alex Stanczyk is the editor of Your Financial Future. Mr. Stanczyk has launched numerous businesses, acted as the CEO of a Publicly Traded US Company, and brings over 21 years of business experience to YFF. He has authored numerous articles, mentored hundreds in personal finance and wealth building, and spends at least 4 hours each day studying the global markets, drawing insight and conclusions from the flows of global commerce. As an Affiliate of Anglo Far East Bullion Company, Mr. Stanczyk specializes in teaching foundational principles of money, the gold market, and why gold has been a storehouse for wealth for thousands of years. |
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