This blog will be packed with information explaining what hyperinflation is and some suggestion on how you can survive when it hits. There are economic trends you should be watching right now if you really want to stay ahead of this kind of inflation.
For Immediate Release
Hyperinflation has in the past devastated small countries and has even ruined great empires like Rome. This term is not new and there have been some alarming inflation figures. For example Hungary back in July of 1946 experienced DAILY hyperinflation of 207 percent that translate into prices doubling in 15 hours.
How would you like to be caught in this type of hyperinflation ? Early in the 21st century, Zimbabwe started to experience chronic inflation. Inflation reached 624 percent in 2004, then fell back to low triple digits before surging to a new high of 1,730 percent in 2006.
Computerized transaction issues
Western Europe, North America and many parts of Asia and Australasia have economies that depend heavily on computerized transaction procession of money transfers. However, most nations that are subject to hyperinflation risk have not done assessments as to the ability of the the electronic part of the finance system to remain intact under hyperinflation.
It is assumed (based upon IT practices for transnational processing that have evolved since the 1970s) that most money held by banks is not represented by 64 bit floating numbers. Under hyperinflation conditions most bank processing systems could fail due to overflow conditions.
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Butch Hamilton IGB Coordinator
http://itsgoodbusiness.net