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Old 10-22-2010, 07:24 PM
 
1,535 posts, read 1,633,959 times
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The US Dollar is Doomed | Puru Saxena | Safehaven.com


It is interesting to note that throughout recorded history, the worst excesses of inflation occurred only in the 20th century. Undoubtedly, this was a direct consequence of the adoption of fiat-money.
Figure 1 highlights all the hyperinflationary episodes in recorded history and as you can see, with the exception of the French Revolution (1789-1796), all of the other disasters occurred in the last century. In fact, it is an ominous sign that 29 out of the 30 recorded hyperinflations in human history occurred during the 20th century!
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Old 10-22-2010, 09:05 PM
 
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When you are not bound to how much gold you have in reserve, people tend to resort to run the printing presses dry with no consequence
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Old 10-22-2010, 09:17 PM
 
Location: Ohio
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Quote:
Originally Posted by SilverOne View Post
Hyperinflation didn't appear till the Fed was introduced in 1930 - chart compares countries
What country are you from? You must be a foreigner. The Fed was introduced in 1913. That's your Ahmurican history lesson for today.
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Old 10-22-2010, 09:28 PM
 
1,535 posts, read 1,633,959 times
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Did you look at the article it shows on a graph how when the fed started the cost of living in all countries was about even. After the Fed got started in 1913 then the cost of living started to rise in different countries at the same time.
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