UK=Real Inflation on the Road to Hyperinflation...

[conspiracy analyst]

Whilst property prices are beginning to fall through the roof literally high inflation is setting in due to the collapse of the dollar and rising price of oil.
Continuing at this pace very soon hyperinflation will set in the cost of living.
If it now stands at 20% it only needs to get to 100% and we are on the way down the slippery path to oblivion...




Extreme examples include:

* Germany in 1923 when the rate of inflation hit 3.25 × 106 percent per month (prices double every two days).
* Greece during its occupation by Nazi Germany in 1941-1944, when the rate of inflation hit 8.55 × 109 percent per month (prices double every 28 hours).
* Yugoslavia's rate of inflation hit 5 × 1015 percent inflation between 1 October 1993 and 24 January 1994 (prices double every 16 hours).
* The most severe known incident of inflation was in Hungary after the end of World War II, peaking at 4.19 × 1016 percent per month (prices double every 15 hours).

Other more moderate examples include:

* Eastern European countries such as Belarus and Ukraine in the period of economic transition in the early 1990s
* Chile from 1972 to 1974
* Mexico from 1982 to 1988
* Bolivia in 1985
* Argentina and Venezuela in 1989
* Peru from 1988 to 1990
* Nicaragua from 1985 to 1990
* Brazil from the 1980s to the early 1990s
* Zimbabwe from 2006.

How High Property Prices are Destroying Wealth

Quote:

"The Fed can create money, not wealth Money is not wealth. It is only a measurement of wealth. A given amount of money, qualified by the value of money as expressed in its purchasing power, represents an account of wealth at a given point in time in an operating market. Given a fixed amount of wealth, the value of money is inversely proportional to the amount of money the asset commands: the higher the asset price in money terms, the less valuable the money. When debt pushes asset prices up, it in effect pushes the value of money down in terms of purchasing power. In an inflationary environment, when prices are kept high by excess liquidity, monetized wealth stored in the underlying asset actually shrinks. This is the reason why hyperinflation destroys monetized wealth."

http://www.atimes.com/atimes/Global_Economy/JA26Dj04.html

[TonyGosling]

Federal Reserve sets stage for Weimar-style Hyperinflation
US Politics
F. William Engdahl, 17 December 2008
http://globalresearch.ca/index.php?context=va&aid=11401

The Federal Reserve has bluntly refused a request by a major US financial news service to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and to reveal the assets the central bank is accepting as collateral. Their lawyers resorted to the bizarre argument that they did so to protect 'trade secrets.' Is the secret that the US financial system is de facto bankrupt? The latest Fed move is further indication of the degree of panic and lack of clear strategy within the highest ranks of the US financial institutions. Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation perhaps before 2010.

On November 7 Bloomberg filed suit under the US Freedom of Information Act (FOIA) requesting details about the terms of eleven new Federal Reserve lending programs created during the deepening financial crisis.

The Fed responded on December 8 claiming it's allowed to withhold internal memos as well as information about 'trade secrets' and 'commercial information.' The central bank did confirm that a records search found 231 pages of documents pertaining to the requests..............


http://spinwatch.org/-articles-by-category-mainmenu-8/68-us-politics/5 231-federal-reserve-sets-stage-for-weimar-style-hyperinflation