Hyper inflation is a side effect of printing money which both US and UK governments seem to be doing at an alarming rate. With the price of everything going up and the value of paper money going down its time to brush up on your math.
The American Trillion.
- 1 (one)
- 10 (ten)
- 100 (one hundred)
- 1,000 (one thousand)
- 10,000 (ten thousand)
- 100,000 (hundred thousand)
- 1,000,000 (one million)
- 10,000,000 (ten million)
- 100,000,000 (hundred million)
- 1,000,000,000 (one billion)
- 10,000,000,000 (ten billion)
- 100,000,000,000 (hundred billion)
- 1,000,000,000,000 (one trillion)
One million seconds comes out to be about 11½ days.
A billion seconds is 32 years.
And a trillion seconds is 32,000 years!
Put two dollar bills end to end if you continue doing this one trillion dollars would stretch nearly from the earth to the sun.
Inflation in the Weimar Republic
During the first half of 1922 the mark stabilized at about 320 Marks per Dollar accompanied by international reparations conferences including one in June 1922 organized by U.S. investment banker J. P. Morgan, Jr. When these meetings produced no workable solution, the inflation changed to hyperinflation and the Mark fell to 8000 Marks per Dollar by December 1922. The cost of living index was 41 in June 1922 and 685 in December, an increase of more than 16 times. In January 1923 French and Belgian troops occupied the industrial region of Germany in the Ruhr valley to ensure that the reparations were paid in goods, such as coal from the Ruhr and other industrial zones of Germany, because the Mark was practically worthless. Although reparations accounted for about one third of the German deficit from 1920 to 1923, the government found reparations a convenient scapegoat. Other scapegoats included bankers and speculators (particularly foreign), both of which groups had, in fact, exacerbated the hyperinflation through the normal course of their profit-seeking. The inflation reached its peak by November 1923, but ended when a new currency (the Rentenmark) was introduced. The government stated that this new currency had a fixed value, secured by real estate, and this was accepted.
Although the inflation ended with the introduction of the Rentenmark and the Weimar Republic continued for a decade afterwards, hyperinflation is widely believed to have contributed to the Nazi takeover of Germany. Adolf Hitler himself in his book, Mein Kampf, makes many references to the German debt and the negative consequences that brought about the "necessity" of National Socialism. The inflation also raised doubts about the competence of liberal institutions, especially amongst a middle class who had held cash savings and bonds. It also produced resentment of Germany's bankers and speculators, many of them Jewish, whom the government and press blamed for the inflation. More from Wikipedia