Tag Archives: hyperinflation

  • Podcast

    Philip Haslam: When Money Destroys Nations

    Understanding how currencies collapse
    by Adam Taggart

    Monday, March 23, 2015, 9:54 PM

    24

    To understand better the anatomy of a currency collapse, we talk this week with Philip Haslam, author of the book When Money Destroys Nations. Haslam is an authority on monetary history, and more recently, has spent much time in Zimbabwe collecting dozens of accounts of the experiences real people had as the currency there failed. 

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  • Blog
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    What Is Money?: Crash Course Chapter 6

    The world revolves around it, but it's poorly understood
    by Adam Taggart

    Friday, July 25, 2014, 3:52 PM

    11

    Money plays an incredibly large role in the world, but yet it remains poorly understood. What exactly is it? What do the pieces of paper we hold in our wallets and bank accounts actually represent?

    Developing an understanding of the underlying role of money allows us to better see when it is being used properly, or abused. And history shows that abuse is more the norm than the exception: the record shows over 3,800 previous examples of paper currencies that no longer exist.

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  • Podcast

    FerFAL: Here’s What It Looks Like When Your Country’s Economy Collapses

    Argentina is showing us the playbook in real-time
    by Adam Taggart

    Saturday, February 8, 2014, 7:36 PM

    24

    Argentina is a country re-entering crisis territory it knows too well. The country has defaulted on its sovereign debt three times in the past 32 years, and looks poised to do so again soon.

    Its currency, the peso, devalued by more than 20% in January alone. Inflation is currently running at 25%. Argentina's budget deficit is exploding and, based on credit default swap rates, the market is placing an 85% chance of a sovereign default within the next five years.

    Want to know what it's like living through a currency collapse? Argentina is providing us with a real-time window.

    So, we've invited Fernando "FerFAL" Aquirre back onto the program to provide commentary on the events on the ground there. What is life like right now for the average Argentinian?

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  • Podcast

    Alasdair Macleod: Currency Crisis Dead Ahead

    Introducing the 'Fiat Money Quantity' measure
    by Adam Taggart

    Sunday, October 20, 2013, 1:23 AM

    27

    This week's podcast interview introduces a new monetary measurement developed by Alasdair Macleod: the 'Fiat Quantity of Money', or FMQ. Alasdair explains how FMQ is derived, as well as what it can tell us about the true levels of fiat money supply. In the case of the dollar, it reveals that levels are far above what is commonly appreciated – so far, in fact, that a currency crisis could arrive sooner than even many dollar bears expect.

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  • Podcast

    Jeff Clark: So How Many Ounces of Gold (or Silver) Should You Own?

    Doing the math
    by Adam Taggart

    Saturday, November 17, 2012, 7:00 PM

    28

     

    This week, Chris talks with Jeff Clark, Senior Precious Metals Analyst at Casey Research, where he serves as editor of their Big Gold newsletter.

    They tackle head-on many of the questions weary precious metals investors are wondering after enduing the volatile yet range-bound price action of gold and silver over the past year:

    • Have the fundamentals for owning gold & silver changed over the past year? No
    • What are they? currency devaluation/crisis, supply-chain risk, ore grade depletion
    • How should retail investors own gold? Mostly physical metal, some quality mining majors (avoid the indices), and ETFs only for trading
    • Is gold in a bubble? No
    • Could gold get re-monetized? Quite possibly
    • Where is gold flowing? From the West to the East. At some point, capital controls will be put in place

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  • Insider
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    Off the Cuff: Beggar Thy Neighbor

    What happens to world currencies when everyone prints money?
    by Adam Taggart

    Thursday, September 20, 2012, 11:17 PM

    20

    In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

    • Asian saber-rattling
      • How serious is it?
    • From here to QE-ternity
      • And wither the dollar from here?
    • Leading indicators lose steam
      • The economy is slowing further.
    • Intervention in oil prices?
      • Recent trades look fishy.

    Where to start this week?

     

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  • Blog
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    The Trouble with Printing Money

    QE3 reflects a colossal failure to address our predicament
    by Chris Martenson

    Tuesday, September 18, 2012, 11:04 PM

    26

    For a while now, I have been expecting a coordinated, global central bank action that would seek to print more money out of thin air, or "QE" (quantitative easing), as it is now called.  Now we have two of the most important central banks, that of the U.S. and in Europe (ECB) having committed to open-ended, limitless QE.

    In Part I of this report, we analyze the actions themselves, and then in Part II we discuss the implications to individuals and those with responsibilities to manage money.

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  • Insider
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    Nowhere to Go

    The Fed is almost certain to disappoint tomorrow
    by Chris Martenson

    Wednesday, September 12, 2012, 4:09 PM

    44

    All eyes are on the Fed meeting and the almost fully expected (99% chance, already priced in) round of quantitative easing (QE) that will be announced upon the conclusion of the September 12-13 Federal Open Marked Committee (FOMC) meeting. Or not.

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  • Blog
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    Our Money Is Dying

    Don't let your wealth die with it
    by Chris Martensen

    Tuesday, July 10, 2012, 2:35 PM

    22

    On the minds of a lot of people, and increasingly on those who manage or invest money professionally, is how to preserve wealth during a period of intense official intervention and manipulation of money supply, price and asset markets.

    As every effort to re-inflate and perpetuate the old credit bubble is made, the words of Austrian economist Ludwig Von Mises lurk ominously nearby:

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