Hyperinflation
Hyperinflation is more or less by definition the terminal stage of any fiat currency. In hyperinflation money loses most of its value practically overnight. Hyperinflation is often the result of increasing regular inflation to the point where all confidence in money is lost, but there can also be other immediate causes. It is important to understand that in a fiat monetary system, the value of money is based on confidence, and once that confidence is gone, money irreversibly becomes worthless, regardless of its scarcity.
It is often argued that all fiat money eventually will become worthless. This has certainly been the case in the past. On the other hand it could also be argued that the current fiat monetary systems have not led to hyperinflation, and it seems unlikely that they will. It is not a very convincing argument, though, as hyperinflation never seems likely until it is well underway. Looking at the past, there is certainly a lot of evidence that all fiat money will eventually lose its value.
Recent Hyperinflation News
- Changing tax status on residence can provide benefits to owners
Changing tax status on residence can provide benefits to owners - Dentt Properties Sheds 94,698-SF Property
Dentt Properties, a San Diego real estate investment and development firm, has sold a 94,698-square-foot multi-tenant industrial park in Spring Valley for $12.25 million as part of a 1031 exchange. - Standard Solar sees a bright future
By the end of October, the University of Delaware will be partly running on solar power thanks to Standard Solar Inc., a Rockville-based company that has been offering this alternative power source since 2007. The Newark-based public university will pay nothing for the solar panels and buy the solar power back from Standard Solar. The 70-person [...] - TowneBank Announces Quarterly Cash Dividend
SUFFOLK, Va. -- Hampton Roads based TowneBank announced today that its Board of Directors on August 25, 2010 declared its third-quarter shareholder cash dividend of $0.08 per common share payable on October 12, 2010 to shareholders of record on September 30, 2010. - Spring Valley Industrial Park Sold for $12.25M
Dentt Properties, a San Diego-based real estate investment and development firm, has sold a 94,698-square-foot industrial park in Spring Valley for $12.25 million. - Local analysts predict long, complex legal battle
An investigation into the sale of Oakhill Renaissance Place to Mahoning County led to the indictment of these seven people. Three entities ? Cafaro Co., Ohio Valley Mall Co. and Marion Plaza Inc. ? also were indicted. - W. P. Carey Announces Financing of Panattoni Development in Poznan, Poland
NEW YORK, NY--(Marketwire - August 17, 2010) - Investment firm W. P. Carey & Co. LLC ( NYSE : WPC ) today announced that its publicly-held, non-traded REIT affiliate, CPA ® :17 - Global, has provided build to suit financing that will fund 100% of the construction and related development costs for a logistics facility in Poznan, Poland being developed by Panattoni Europe . Upon completion, the ... - Explore tax options before selling a second home
Mike and Claudia McIntosh have not spent one night in their mountain cabin in 2010. One of their sons was married in June, Claudia's family held a reunion in Michigan in late July and Mike plans to take time off from work to move his mother into a retirement home this month, so there has been no time to get to the cabin. - Blueberry sold to new buyer
THERESA CAMPBELL Staff Writer LEESBURG -- A foreclosed 68-unit apartment complex has been sold in a $900,00 deal to a first-time apartment buyer, ... - What?s Up, Doc?
Beverly Hills doctors are starting to get sick of the city?s proposed restrictions on medical office space.
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