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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (67967)8/10/2006 1:54:47 PM
From: Mike Johnston  Read Replies (1) | Respond to of 110194
 
"Hyperinflation starts with govt printing
Hoarding is the result
You have cause and effect ass backwards"

Of course it starts with printing, hoarding starts some time after that , when people wake up and see what is happening to their currency.

Without excess money creation there would be no need and desire for hoarding.

When public starts to wake up and takes action to protect themselves , that is when hyperinflation starts.

Government can print and create high inflation, but that would not be hyperinflation.
Hyperinflation is a panic to get out of currency due to govt printing, hoarding is the beginning phase of hyperinflation.

So inflation and hyperinflation start with excess money, however hyperinflation stage starts with hoarding.