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TOP Five Worst cases of Hyperinflation in History | ENDEVR Explains

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TOP Five Worst cases of Hyperinflation in History | Business Explainer Video
Hyperinflation is a very destructive phenomenon. Out of control inflation leads to currency devaluation and bizarre situations, like a loaf of bread costing 200 billion. The American economist Philip Cagan was the first to classify hyperinflation. He stated that the phenomenon happens when a country's inflation rate exceeds 50% per month. Based on this, economists Steve Hanke and Nikolas Krus created the Hyperinflation ranking. The video explains the worst five cases of hyperinflation in the last 100 years. The top five include post-World War II Greece, Germany’s Weimar Republic, the Federal Republic of Yugoslavia, Zimbabwe, and Post War Hungary.
00:00 intro
02:31 Greece Hyperinflation during World War II
04:28 Hyperinflation in Germany during the Weimar Republic
07:17 Hyperinflation in the Federal Republic of Yugoslavia
09:42 Hyperinflation in Zimbabwe
12:35 Worst Hyperinflation in History: Post II World War in Hungary
Sources: bit.ly/SourcesH...
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Опубликовано:

13 авг 2024

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Комментарии : 571

@DonaldMark-ne7se 4 дня назад

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

@JacquelinePerrira 4 дня назад

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

@Jamessmith-12 4 дня назад

in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

@kevinmarten 4 дня назад

Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.

@JacquelinePerrira 4 дня назад

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

@kevinmarten 4 дня назад

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@bobsacamano5334 3 года назад

The reason hyperinflation was so rare before WW1 was because most countries backed their currency on gold.

@bhe8336 3 года назад

But gold isn't an investment. It is a speculative asset that nets you zero cash flow, which means its worthless. - Keynesians and Modern Economists. Buy index funds instead and passively forget about your investments. This is good a investment practice apparently.

@ramjamflimflam 3 года назад

That’s not true at all.

@bobsacamano5334 3 года назад

@@ramjamflimflam Before WW1 the currency itself was made from gold or was a note that was redeemable for gold.

@ramjamflimflam 3 года назад

@@bobsacamano5334 Gold was money then and is money now.

@TechieTard 3 года назад

Gold and SILVER.

@user-jx6ot7hp8m 3 года назад

i am an Hungarian and i am happy we are finally first

@ENDEVRDocs 3 года назад

😂

@altagent3472 3 года назад

not something to be proud of but ok.

@Matthewlogsdon22 3 года назад

🤣🤣

@mikew3002 3 года назад

And the gold medal finally goes to Hungary 🤣👌🏅

@yohaneschristianp 3 года назад

Venezuela : hold old my 🍺🍻

@arianna3910 Год назад

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun. Layoffs will get worse. Which is why I'm looking to enter the market now and ride along as the economy gets back on track. I’m building a $550k portfolio. Any stock recommendations?

@Ame_rodri Год назад

Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP (CERTIFIED FINANCIAL PLANNER)or other professional for advice.

@MillionaireGoldDealer2 Год назад

I remember when I was dropped from Airbnb a couple years ago. I dusted off and moved on. Running a health tech startup now, and making the equivalent of my six-figure annual salary in months from the market. I outsource the investing part, and focus on my startup. Every disappointment is a blessing.

@sophiahermann Год назад

Which firm do you invest with, please? Invested through Goldman in the past, but they were not giving me what I wanted.

@MillionaireGoldDealer2 Год назад

@@sophiahermann No, I don't use firms as wealth managers. Their large bureaucracies don't enable good returns. I use individual wealth managers who have a proven track record. So you could check out a couple. I personally work with Shermwilli trade

@Smith.ash2 Год назад

@R3RS2024 3 года назад

My grandfather told me when the inflation was happening (In Hungary) most Shops wouldn't Accept cash, mostly they would pay with Parts being cut off a Gold chain or a Gold ring and also outside of Budapest it got so bad some family's Traded their Cars away for like 2 chickens and a goat.

@adamkwalczyk 2 года назад

They use gold bits in Venezuela too.

@ldfgbnghcfhgvjbkhn 2 года назад

LOL in the past we had to resort to paying with bits and pieces of Jewelery but sure Bitcoin won't work in case of monetary collapse :D

@joergkalisch7749 2 года назад

This will happen again. Good to have some hold and silver coins

@logical_evidence Год назад

That’s why they banned gold and confiscated it in many countries.

@icewa-fg 9 месяцев назад

increased losses for portfolios this quarter are predicted by market drops, skyrocketing inflation, a major interest rate hike by the Fed, andI rising treasury rates. How can I profit from the volatile market right now? I'm still considering whether to sell my million dollar bond and stock account.

@user-3456rtu 9 месяцев назад

With the help of an investing advisor, I diversified my $400K portfolio across markets, and I was able to earn over $900k in net profit from high dividend yielding equities, ETFs, and bonds.

@yfar567 9 месяцев назад

Yes, I've been in touch with a financial analyst ever since I covid. Investing in trending companies is relatively easy today; the trick is determining when to purchase and sell. I started with a $300K reserve that was initially dormant; my adviser decides when to enter and exit my portfolio; since then, I have accumulated over a million dollars.

@MiikeFaber 9 месяцев назад

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

@yfar567 9 месяцев назад

Nicole Desiree Simon oversees my portfolio, simply do your due diligence. She's an extremely intelligent person, very thoughtful, cautious, and shows a great deal of expertise with over a decade of experience in her line of work.

@MiikeFaber 9 месяцев назад

Thank you for this tip , I must say, Monica appears to be quite knowledgeable. After coming across her web page, I went through her resume and I must say, it was quite impressive. I reached out and scheduled a call

@chriscich 3 года назад

2021 America: "Hold my beer, I'm about to show these countries a thing about Hyperinflation."

@hakenkreuzn1 3 года назад

😂👏🏻

@aa2339 3 года назад

And get away with it.

@yohaneschristianp 3 года назад

@@aa2339 in your dream

@Edgonz29 3 года назад

OH!! I get ya. LOL?!? maybe not.

@ENDEVRDocs 3 года назад

😬

@PantsofVance 3 года назад

What all hyperinflation cases have in common: fiat currency.

@kayann3 3 года назад

Let's store our money to crypto 👏

@PantsofVance 3 года назад

@@kayann3 Terrific idea, they can never go to zero!

@poglup1551 3 года назад

Bitcoin fixes this.

@PantsofVance 3 года назад

@@poglup1551 No it doesn't. Bitcoin is backed by nothing, just like fiat. Also any wingnut can create a cryptocurrency, there are over 10,000 now.

@stefanlebrasseur2892 3 года назад

@@PantsofVance guess gold is the only real value unless all economies collapse

@RabbitYT576 3 года назад

My home country holds the record! Finally something my country is good in!

@RabbitYT576 3 года назад

Yay thx for the heart

@cfsotto 3 года назад

Where are you from....?

@RabbitYT576 3 года назад

hungary

@user-jx6ot7hp8m 3 года назад

@@RabbitYT576 yh even do it's inflation we Hungarians are happy to be first

@RabbitYT576 3 года назад

@@user-jx6ot7hp8m Well, it atleast is a record...

@richardhumphrys7907 2 года назад

I think what’s more dangerous, is the fact it’s no longer physically printed.

@joergkalisch7749 2 года назад

No difference in outcome

@richardhumphrys7907 2 года назад

@@joergkalisch7749 It takes them longer to create physical monies and costs them more.

@belladonnatook8851 Год назад

@ Richard Humphries. I agree.

@joshlidowdie24 Год назад

One of my favorites. I watched this 1 1/2 years ago. We are all about to experience this. The "Sheep" don't understand this.

@PraveenSrJ01 Год назад

I definitely agree this is likely and is already happening in a sense with rents skyrocketing in the United States 🇺🇸

@thepearlswirl Год назад

💯

@ramjamflimflam 3 года назад

The definition of inflation is an increase in the quantity of currency. The effect is a rise in prices. The reason is there are more currency units competing for the same or less goods and services. This video needs to get this corrected. The CPI or consumer price index is a complete and total manipulation of ever changing products that meet the needs to keep the number low.

@vmizzell 3 года назад

They have removed real estate prices and energy prices from the CPI so the actual inflation rate isn't published. They do this so they don't have to pay cost of living increases to government workers and social security recipients.

@_Rockill_ Год назад

This is true. I am only now learning this as a delve deeper into economics.

@sophieberen883 Год назад

You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a crypto market for just few months and now they are millionaires , all thanks to Mrs Jane, God bless you madam 😇

@scottreagan9796 Год назад

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Jane, I think she is the best broker I ever seen.

@ralondarogers563 Год назад

I still wonder how she gets her analysis, I got profit of $28, 609 with a capital of $4000 in 16 days of trading with her

@bradleywellington8624 Год назад

I'm from Canada 🇨🇦 I and two other of my friends tried her immediately we testified, her performing wonders

@trayerwilderness2534 Год назад

Who's this professional everyone is talking about I always see her post on top comment on every RU-vid video I watched

@trayerwilderness2534 Год назад

I think I'm interested how can I get in touch with Mrs Jane

@juanio7036 3 года назад

Imagine getting paid every hour cause if you wait for the end of the day your money lost it’s value

@ENDEVRDocs 3 года назад

crazy 😮

@carlosgarcia-uz4su 3 года назад

@@ENDEVRDocs excellent presentation Venezuelas case will ne interesting and what powerfull now country are in the verge of the hyperinflation looks like thank you! Again

@nitemare1525 3 года назад

We need an update list since Venezuela on this list now. So we need to do another of these videos in the future maybe after america is on this list as well

@mattyboi-matt4338 3 года назад

I love how even litteral highschoolers know printing tons of money is bad yet some governments will still do it

@TheSultan1470 2 года назад

Ok genius, let's hear some solutions.

@umangsukhadia99 2 года назад

@@TheSultan1470 An economy should only take debt which it is capable of paying off or else they have to print more n more to keep up with repayment !!

@patheticprepper4496 2 года назад

Name just ONE high-schooler

@austineojor 2 года назад

@@umangsukhadia99 all they can employ some fiscal policy that can help them generate money instead of excessive printing

@dulguunjargal1199 Год назад

I'm a middle schooler and i know about hyperinflation and how it happens

@crazeekids9744 3 года назад

Coming soon to a US near you.

@ENDEVRDocs 3 года назад

😬

@finddeniro 3 года назад

Up your Street...and At the Bancos. .

@monicagomez4616 3 года назад

SO TRUE. 👏

@BoydXplorer 2 года назад

Great share. Interesting and informative to watch. Thanks.

@sarac.3568 2 года назад

Wth was life like back then? Like, how did people survive??? Doubling prices in the same day? It's like nothing has any meaning

@SDZ675 3 года назад

Government: "We can balance our budgets OR ... add some extra zeros on our money"

@sugarman08 Год назад

I'm 60 when I was ten my grandmother gave me a history lesson on hyperinflation. She was German and live through it

@penzugyipirula4100 3 года назад

Actually in Hungary the biggest banknote never been released to the public/into circulation...it was just printed.

@hoodclassicsofcalifornia 3 года назад

I like how Hungary has the worst hyperinflation ever but fixed it rather simply.

@thatguyjef2402 2 года назад

@Lt. JoeAnimatez I think they adopted a new currency

@mnimeion 2 года назад

@Lt. JoeAnimatez negotiation and currency reform, very effective that's why the inflation last less than a year

@n1bleachfreak 3 года назад

Banking establishment are more dangerous to your liberties than standing armies. -Thomas Jefferson

@good2goskee 2 года назад

There are different symptoms from inflation but few know what inflation actually is. Often people state the symptoms and note that as inflation. The cause for inflation is the human condition and reaction . The cause for inflation is: "the fear put into financial action motivated by the belief a currency will lose purchasing power".

@sylvainthibeault3447 Год назад

I wonder how quantitative easing never rises to levels that would cause this. One thing about Venezuela is the tight control of media narratives, and how much it differs from the realities described by people IN Venezuela. Can it all be explained by shady media and vested interest? FUD weaponized the world's news outlets, which is owned by a few rich old white dudes who know the power they possess.

@good2goskee Год назад

@@sylvainthibeault3447 EVERYWHERE the media spins what the politicians want... agreed! I think QE will effect different countries differently. Not all countries have the same resources....and only one has the reserve currency status

@abelieversperspective9595 3 года назад

Septillion. That's crazy big.

@se6586 3 года назад

That’s 7000 trillion😳

@austinli8891 4 месяца назад

@@se6586 no, that's 7000 trillion trillions

@hebneh 3 года назад

In situations like this, the only way to survive can be through bartering. But only a handful of objects retain value. The only winners are foreigners who possess a stable currency; they can live like royalty by spending small amounts of their own money in the country with hyperinflation.

@joergkalisch7749 2 года назад

Or previous metals

@bear831tiger 3 года назад

Venezuela has enter the *chat

@ndorobei4391 3 года назад

Argentina, too.

@plutogsngnun7624 3 года назад

Usa too soon

@Kushken 3 года назад

@@plutogsngnun7624 no

@Kushken 3 года назад

It's not as big as these

@plutogsngnun7624 3 года назад

@@Kushken wait 5 years and check this comments again haha

@chrisyanover1777 2 года назад

How did Venezuela not make this list? Maybe this video came out before major inflation hit. I am currently a Venezuelan Trillionaire! I think I bought like $10 US dollars of Venezuelan Bolivian and that instantly made me a Venezuelan Trillionaire. Don't get me wrong, I was a generous Trillionaire. I would often make other people Venezuelan millionaire's too if they won a competition!

@lowlandtech 3 года назад

This is the reason why I hold only gold and bitcoins. Gold for of an end of the world scenario and bitcoin for an end of money scenario 😁

@SueBHoney-cq8co 2 года назад

Yeah that will satisfy that great hunger and thirst coming soon

@JohnJohnson-oe3ot 2 года назад

Gold won’t help . Ammo , water food and shelter will

@heckinbasedandinkpilledoct7459 2 года назад

What is bitcoin backed by?

@phoenixkali Год назад

I don't see any supermarkets accepting bitcoin, or estate agents. So what can you buy with bitcoin? Plus , it's a prime example of hyperinflation.

@williamkreth 3 года назад

Bruh how am I just now finding your channel? Such great content!

@ENDEVRDocs 3 года назад

Thanks 😀

@mozvidz 3 года назад

IKR?

@patheticprepper4496 2 года назад

Because only the very most educated say brah!

@crazylegs8891 3 года назад

Inflation is not rising prices, it's the increase in the currency supply "resulting" in rising prices.

@alexm566 3 года назад

or your country selling all its gold, like Venezuela

@joergkalisch7749 2 года назад

Rising money supply flowing into the wrong hands on top of it

@_Rockill_ Год назад

Peter Schiff has some good videos talking about inflation.

@vazcarvazcar14 3 года назад

Invest in silver , gold , Bitcoin , stellar-lumens , uranium URCCF .

@switchbranch8411 3 года назад

Not sure why stellar is there, but agree with the rest :)

@wormius7350 3 года назад

What is bitcoin backed by lmao

@mozvidz 3 года назад

@@wormius7350 Bitcoin is backed (protected) by blockchain. If you understood what that means, you'd not be asking such a question. Also, the richest man on earth invested 1.5Billion on Bitcoin, I doubt he's the dumber one in this equation.

@wormius7350 3 года назад

@@mozvidz But what is Bitcoin backed by?

@mozvidz 3 года назад

@@wormius7350 Somehow, I knew you wouldn't understand what I said, and I even foretold it in my first reply.

@Tokenomics1 3 года назад

The reason of lowering taxes is not true. It is government over spending and going in to big debt.

@Narsty_Boy 2 года назад

We don't see the inflation as easily today because of electronic payments. I wonder how that will change things this time.

@yes12337 Год назад

I've been wondering how an average low income person can hedge against inflation crisis and to my understanding they should produce most necessary products themselves for their own use and sell/exchange. Do you know any other strategies or videos about it? This is so scary that people even don't dare to talk a about it, but we should all be aware how to cope with hiperinflation or other humanitarian crisis and this should be included in school curriculum

@ReesesCupsable 3 года назад

NEW CHALLENGER APPROCHING! VENEZUELA!

@ENDEVRDocs 3 года назад

The ranking was done before the Venezuela hyperinflation kicked off. But yes, things are not looking good there.

@jbgant8513 Год назад

Inflation is not Rising prices. Inflation is an expansion of the money supply.

@aezean5618 10 месяцев назад

I am sure Zimbabwe 🇿🇼 takes the top spot. The figure you gave is an underestimate. On 1 August 2008, the Zimdollar was 1:1 with the South African Rand after removal of 10 zeros from the Zimbabwean currency. On 1 September, it was 1:20. On 1 October it was 1:400. Prices were multiplying by 20 per month and then it got even worse. If you use this as a conservative estimate of the inflation, it was 400 quadrillion percent.

@libertarian787 3 года назад

Incorrect definition of inflation. The real definition is an increase in the money supply

@thesaints-7-andrew. Год назад

Watching from Greece.hi everybody. Great video.

@josexestevez 3 года назад

Venezuelan highest bill (bs. 50000) doesn't even buy a cigarrette

@carlosgarcia-uz4su 3 года назад

Venezuela's case will be interesting to see it the top before America USA go bust ne #1 peace out !

@josexestevez 3 года назад

UPDATE: today july 30th, the biggest bill is bs 1.000.000 and it only buys two cigarretes

@austinli8891 4 месяца назад

Hungary can defeat Venezuela using 10% of their power

@kahhengyeong7947 Год назад

Isn't it a strange coincidence that 4 our of 5 countries are from EU and virtually all 5 of them are very close in terms of latitudinal position of the globe?

@ulisesfonseca7937 3 года назад

the inflation in a period of time , you have to specify the period of time

@stevebond4916 8 месяцев назад

Phillip David Cagan was my advisor in the Economics Department at Columbia University. He was a rock for me during my time there.

@xenomorphbiologist-xx1214 18 дней назад

Something I also noticed is that with the exception of Hungary (July), all of these hyperinflation cases were at their worst in the Fall Season (October and November). What is up with that?

@malinaizetiopije8844 3 года назад

I'm proud to live in the country that was once a part of the country that is in the 3rd place

@PraveenSrJ01 Год назад

1) Greece 🇬🇷 -October 1944 (drachma currency) 2) Germany 🇩🇪-During the Weimar Republic In October 1923 after the 1st world war. Use of bonds to fund the war. 3) Yugoslavia-in early 1994 (happened from March 1991 through June 1992). New currency created. 4) Zimbabwe - in November 2008 5) Hungary 🇭🇺-prices doubling every 15 hours in 1945

@Kur01T3nh1 Год назад

Hyperinflation is the product of Fiat Currency. Real Money which is Gold remained very Stable for centuries. Gold never lost its value whereas Fiat Currencies lost almost 100% of its value

@majstorgile 2 года назад

Key to survive inflation was having someone in Germany or USA to send you money.

@larrysmith2636 3 года назад

Information or muzak video. Pick one?

@PraveenSrJ01 Год назад

This might possibly happen in the United States 🇺🇸 in the next 7 years before the year 2030. That will be really bad and create a lot of problems.

@josho7138 Год назад

Nooo

@PraveenSrJ01 Год назад

@@josho7138 I really hope that isn’t the case either…

@levigee7418 3 года назад

I was expecting at least a mention of Venezuela..

@Mitche23 3 года назад

I'm from the former Yugoslav Republic of Serbia. I still have those billion dinar notes in my house

@user-nb9hz3wy1h 2 года назад

Congratulations

@MichelleB2b 3 года назад

My Google search on inflation rate April/May 2021 is at 5% with the next report coming July 13 2021. Thats doubled according to this documentary @ 0:45

@LaccerHS 3 года назад

To be honest, Forint is still worth less than toilet paper. Just in a year it dropped like 10%, thanks Orban and Co!

@sylvainthibeault3447 Год назад

Forint? Isn't it called Florin?

@jimcuerlusano7091 2 года назад

This video i of the past history s the best lesson to country who are fanatic of making a war

@liamcollinson5695 3 года назад

So in Germany by the time you finished your meal its price probably went up

@bathombre9739 2 года назад

You got to eat fast, no chit chat

@ingridlinbohm7682 2 года назад

Inflation is not only caused by a drop in tax revenues but also by governments wanting to increase their revenue. We are having inflation because our governments world wide have wanted to increase their revenues in order to cope with past increases of revenue. These increases in revenue lead to bubbles. In order to sustain the bubbles the revenues are increased again and then pumped into the bubble economy. This increase in revenue is achieved through the creation of government and private debt which are so large that they become unpayable. Inflation though actually reduces the real worth of the debt so governments deliberately create inflation in order to reduce their debt burden which if unchecked leads to a bankrupt state and society. Hyperinflation is the result of attempts to reduce the states debt that has gone to far.

@sylvainthibeault3447 Год назад

That's quite obvious for Germany and Zimbabwe, I see Venezuela as an all out media terroristic op, I'm not a Q, I don't believe in the craziest theories, but the US would just love to get that sweet, sweet light crude, just a stone's throw from plenty of Puerto Rican cheap labor.

@InfiniteEchos 3 года назад

With there now being a new currency, one's curious how much - in say £ - would one of those 100 quintillion notes sell for? What would someone pay for something that has zero value, zero use, but could say complete a collection 🤔

@ENDEVRDocs 3 года назад

🤔

@bhe8336 3 года назад

Do you buy gold because it has numismatic value in a coin? If so, I'm sorry you're so easily conned.

@AyushMehra-xl5zt 2 года назад

Nice music

@warrenbuffet2848 2 года назад

What happened to property in those cases? Did the state confiscate the assets of the rich people?

@IvyANguyen 3 года назад

Anyone else here watching in wonder about the US? We might someday suffer hyper-inflation too - a scary prospect. Has a world reserve currency ever became hyper-inflationary?

@Crashed131963 3 года назад

US has state of the art printing presses. The can bail anything out as long as the trees and ink supplies do not run out.

@IvyANguyen 3 года назад

@@Crashed131963 True, though would we enter hyperinflation if other countries are doing the same thing simultaneously?

@Crashed131963 3 года назад

@@IvyANguyen But the world currency is base on the US dollar not gold anymore , so they US can play the system, unlike other countries.

@airrodgers7277 3 года назад

@@Crashed131963 until the US make enough enemy and print too much money that country around the world start to doubt the US ability to pay its debt. Than stuff will hit the fan...

@cashkitty3472 2 года назад

No all currency is pehgef to us so it's impossible unless People stop using it and revert to hold which is why Saddam Hussein was taken out. You are just making you great grandkids pay off your debt

@user-wo7fj8cz6q Месяц назад

the hyperinflation of Chinese Nationalist Government in the period of 1946--1949 was also a nightmare.

@gilgameshuruk3674 2 года назад

I thought venezuelas inflation was on of the biggest

@thewildgoose7467 Год назад

"Gold is money. Everything else is credit" - JP Morgan 1912

@ewilliams6727 Год назад

Pls change background music so it doesn’t cause hypertension and heart attacks.

@lowerquadrant4647 3 года назад

7:04 True. The trauma has become virtually genetic.

@ENDEVRDocs 3 года назад

😀

@kimatong1166 3 года назад

So Venezuela is not part of your hyperinflation list?

@thetabbyguy921 3 года назад

Not bad enough Yet

@mrfrisky5887 2 года назад

prior to the 1900s county using gold / silver as currency did not have any inflation unless the government changes the composition of the coins

@exposingproxystalkingorgan4164 Год назад

Printed cash is trash. Only the tangible goods and resources are worth real wealth.

@nguyendailam6703 3 года назад

Never would have happened in Rhodesia.

@wowfactor1902 3 года назад

Welcome from hungary 🇭🇺 🥲

@privatepilot4064 8 месяцев назад

As expected you miss the number one cause of inflation. Destruction of the supply chains. I noticed that you listed printing money twice on a list of 6 items. Almost like you’re attempting to push people’s attention from the destruction of supply chains. Printing money has a small effect on inflation. But when they shutdown the Keystone Pipeline, destroy beef and poultry production, fertilizer production, not unloading ships in port but parking them off the coast by the hundreds, blocking the Suez Canal and restricting the flow of goods through the Panama Canal therefore making products more scarce, that’s what really affects inflation. And backing currencies by gold prevents inflation. Gold at a fixed rate.

@bobcrane2720 2 года назад

Hungary issued a new currency, they should have done that right away.

@BosoxPatsfan603 2 года назад

Venezuela should be on this list!

@SlavaBogu11 Год назад

One egg in Serbia was like 50.000.000 during hyperinflation

@jairishi2553 2 года назад

Where's Venezuela bro?

@43teji 3 года назад

I guess VENEZUELA 🇻🇪 coming to be top of the list. 🤔

@RabbitYT576 3 года назад

nah

@cfsotto 3 года назад

Followed really close by Argentina...

@yeaboi564 3 года назад

hungary:

@RabbitYT576 3 года назад

its hungary

@monicagomez4616 3 года назад

No, give the US a chance to prove you wrong.😃

@c3el 3 года назад

Where does Venezuela go in the list? Nowhere??!!

@edgywagy145 2 года назад

Why isn't Venezuela in here?

@rizielv9040 Год назад

Over printing of money...err... isn't that what is happening in the US for years? How come they don't experience hyperinflation? just asking.

@paolosantiago3163 3 года назад

"Philippines my home country will have the worst hyperinflation in the world as we are the new Venezuela its equivalent in Asia .?!"

@deteriorated7965 3 года назад

Hungary after wwii be like:Inflation goes brrrrrrrrrrr

@ramsesrameez5430 3 года назад

Currency can't be destroyed ....

@vmizzell 3 года назад

Tax revenues keep increasing in the US. That's kept us from feeling the pain, and that's why the government is desperately bringing in immigrants. All it will take is a decline in tax revenue, combined with monetization, and the debt bubble will burst.

@cashkitty3472 2 года назад

Us is unique in that everyone else's currency is pegged to the dollar so hyper inflation won't happen. Having your great grandkids pay off the current debt will though

@Ryousure 3 года назад

What I don't get is how where people. Paying insane amount if they didn't have it . Was your 100 fiat converted in the bank to 10000 automatic? Where did he the owner of a business suddenly get 1million to pay the employee

@miguelmaza7815 3 года назад

How can you forget Venezuela?... Highest inflation in the world atm. Wayy more than Zimbawe

@thetabbyguy921 3 года назад

More than current Zimbabwe but not peak inflation Zimbabwe but surely if nothing is done in the next few years it would be kn the list

@miguelmaza7815 3 года назад

@@thetabbyguy921 A single $1 is 180,000,000,000 of the original Bolivar if you count all the zeros that the Venezuelan regime has taken off. That’s pretty peak in any ones standards I’d say

@thetabbyguy921 3 года назад

@@miguelmaza7815 just checked, this is the value of 1 us dollars to Venezuelan Bolivars: 1,826,120.28

@brianschultz6645 3 года назад

@@thetabbyguy921 government knocked off 5 zeros from the bolivar. So your both right

@thetabbyguy921 3 года назад

The Venezuelan government basically trying to hide the fires by throwing a carpet on it, Zimbabwe at the time was just like having your house on fire and dumping petrol on the flames

@johnb6723 3 года назад

Greece still doesn't help itself - all that plate breaking.

@nobody6803 2 года назад

About Venezuela ??

@joshlidowdie24 10 месяцев назад

My people still don't realize this will happen everywhere including America. Your wealth will be measured by your access to Real Food, Water and natural medicines😔🤷

@Rollinwithowen 3 года назад

Lol I thought I had no money now..but give it a few weeks and I'll definitely have nothing

@ENDEVRDocs 3 года назад

History can repeat itself 😬

@Sainisaab-h9r 3 года назад

@@ENDEVRDocs is hungry poor country bro?

@Tovalokodonc 3 года назад

@@Sainisaab-h9r Hungary* and no

@renaissancenovice7202 3 года назад

Watching in Feb 2021 in US because of the Biden administration. I've got a bad feeling about this.

@yohaneschristianp 3 года назад

And Trump isn't going to be the same you think? They're both the same

@TheFramer38 3 года назад

Yes because everything under trump was working so well. Millions of Americans are dead and they didn't have to invade other countries for that body count!

@renaissancenovice7202 3 года назад

@@TheFramer38 what?... Which millions of Americans are dead? What are you even talking about?