Hyperinflation in pictures
Remember the Weimar Republic and how hyperinflation led to people using wheelbarrows full of money to buy a loaf of bread? Well, the same thing is happening in Zimbabwe right now.
Though I read the news coming out of there, it just seemed weird and not real. And then I came across this blog post with pictures that clearly illustrate what’s happening there.
You should check it out.
Predictions for 2009 | Defenestrating Thoughts from the Bivouac wrote:
[...] big worry is that the US dollar will see Weimar or Zimbabwe style hyperinflation. While this is a risk due to the Fed’s policies, I think 2009 will be deflationary. Though, [...]
Posted on 27-Jan-09 at 1:49 pm | Permalink