Hyper-Inflation: Central Banks Gone Wild by Michael Checkan, Advisory Panelist

Editor’s Note: Many of our long-time readers will remember our old friend and colleague Michael Checkan at Asset Strategies International, Inc. A specialist in precious metals and foreign currencies, today he takes a look at a unique “hyper-inflationary” economy and the havoc it plays on foreign currencies.

With the U.S. Government printing money like never before, the whispers of inflation float over the currency and bond markets. In fact, inflation has dropped to almost nothing after hitting a high of 5.6% in July of last year.

Within the past two weeks the Fed created one trillion dollars out of thin air. Apart from left or right wing rhetoric, this is reality.

History has taught us that governments can take a perfectly good piece of paper, put some ink on it, and make it totally worthless.

It happened in Hungary in 1946, Argentina