TOP Five Worst cases of Hyperinflation in History | ENDEVR Explains

[@bobsacamano5334]

The reason hyperinflation was so rare before WW1 was because most countries backed their currency on gold.

[@bhe8336]

But gold isn't an investment. It is a speculative asset that nets you zero cash flow, which means its worthless. - Keynesians and Modern Economists. Buy index funds instead and passively forget about your investments. This is good a investment practice apparently.

[@ramjamflimflam]

That’s not true at all.

[@bobsacamano5334]

​@@ramjamflimflam Before WW1 the currency itself was made from gold or was a note that was redeemable for gold.

[@ramjamflimflam]

@@bobsacamano5334 Gold was money then and is money now.

[@TechieTard]

Gold and SILVER.

[@user-jx6ot7hp8m]

i am an Hungarian and i am happy we are finally first

[@ENDEVRDocs]

😂

[@altagent3472]

not something to be proud of but ok.

[@Matthewlogsdon22]

🤣🤣

[@mikew3002]

And the gold medal finally goes to Hungary 🤣👌🏅

[@yohaneschristianp]

Venezuela : hold old my 🍺🍻

[@R3RS2024]

My grandfather told me when the inflation was happening (In Hungary) most Shops wouldn't Accept cash, mostly they would pay with Parts being cut off a Gold chain or a Gold ring and also outside of Budapest it got so bad some family's Traded their Cars away for like 2 chickens and a goat.

[@adamkwalczyk]

They use gold bits in Venezuela too.

[@ldfgbnghcfhgvjbkhn]

LOL in the past we had to resort to paying with bits and pieces of Jewelery but sure Bitcoin won't work in case of monetary collapse :D

[@joergkalisch7749]

This will happen again. Good to have some hold and silver coins

[@logical_evidence]

That’s why they banned gold and confiscated it in many countries.

[@chriscich]

2021 America: "Hold my beer, I'm about to show these countries a thing about Hyperinflation."

[@hakenkreuzn1]

😂👏🏻

[@aa2339]

And get away with it.

[@yohaneschristianp]

@@aa2339 in your dream

[@Edgonz29]

OH!! I get ya. LOL?!? maybe not.

[@ENDEVRDocs]

😬

[@arianna3910]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun. Layoffs will get worse. Which is why I'm looking to enter the market now and ride along as the economy gets back on track. I’m building a $550k portfolio. Any stock recommendations?

[@Ame_rodri]

Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP (CERTIFIED FINANCIAL PLANNER)or other professional for advice.

[@MillionaireGoldDealer2]

I remember when I was dropped from Airbnb a couple years ago. I dusted off and moved on. Running a health tech startup now, and making the equivalent of my six-figure annual salary in months from the market. I outsource the investing part, and focus on my startup. Every disappointment is a blessing.

[@sophiahermann]

Which firm do you invest with, please? Invested through Goldman in the past, but they were not giving me what I wanted.

[@MillionaireGoldDealer2]

@@sophiahermann No, I don't use firms as wealth managers. Their large bureaucracies don't enable good returns. I use individual wealth managers who have a proven track record. So you could check out a couple. I personally work with Shermwilli trade

[@Smith.ash2]

[@PantsofVance]

What all hyperinflation cases have in common: fiat currency.

[@kayann3]

Let's store our money to crypto 👏

[@PantsofVance]

@@kayann3 Terrific idea, they can never go to zero!

[@poglup1551]

Bitcoin fixes this.

[@PantsofVance]

@@poglup1551 No it doesn't. Bitcoin is backed by nothing, just like fiat. Also any wingnut can create a cryptocurrency, there are over 10,000 now.

[@stefanlebrasseur2892]

@@PantsofVance guess gold is the only real value unless all economies collapse

[@RabbitYT576]

My home country holds the record! Finally something my country is good in!

[@RabbitYT576]

Yay thx for the heart

[@RabbitYT576]

hungary

[@user-jx6ot7hp8m]

@@RabbitYT576 yh even do it's inflation we Hungarians are happy to be first

[@RabbitYT576]

@@user-jx6ot7hp8m Well, it atleast is a record...

[@user-jx6ot7hp8m]

@@RabbitYT576 true

[@DonaldMark-ne7se]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[@JacquelinePerrira]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@Jamessmith-12]

in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

[@kevinmarten]

Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.

[@JacquelinePerrira]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@kevinmarten]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@richardhumphrys7907]

I think what’s more dangerous, is the fact it’s no longer physically printed.

[@joergkalisch7749]

No difference in outcome

[@richardhumphrys7907]

@@joergkalisch7749 It takes them longer to create physical monies and costs them more.

[@belladonnatook8851]

@ Richard Humphries. I agree.

[@mattyboi-matt4338]

I love how even litteral highschoolers know printing tons of money is bad yet some governments will still do it

[@TheSultan1470]

Ok genius, let's hear some solutions.

[@umangsukhadia99]

@@TheSultan1470 An economy should only take debt which it is capable of paying off or else they have to print more n more to keep up with repayment !!

[@patheticprepper4496]

Name just ONE high-schooler

[@austineojor]

@@umangsukhadia99 all they can employ some fiscal policy that can help them generate money instead of excessive printing

[@dulguunjargal1199]

I'm a middle schooler and i know about hyperinflation and how it happens

[@ramjamflimflam]

The definition of inflation is an increase in the quantity of currency. The effect is a rise in prices. The reason is there are more currency units competing for the same or less goods and services. This video needs to get this corrected. The CPI or consumer price index is a complete and total manipulation of ever changing products that meet the needs to keep the number low.

[@vmizzell]

They have removed real estate prices and energy prices from the CPI so the actual inflation rate isn't published. They do this so they don't have to pay cost of living increases to government workers and social security recipients.

[@_Rockill_]

This is true. I am only now learning this as a delve deeper into economics.

[@icewa-fg]

increased losses for portfolios this quarter are predicted by market drops, skyrocketing inflation, a major interest rate hike by the Fed, andI rising treasury rates. How can I profit from the volatile market right now? I'm still considering whether to sell my million dollar bond and stock account.

[@viewfromthehighchairr]

With the help of an investing advisor, I diversified my $400K portfolio across markets, and I was able to earn over $900k in net profit from high dividend yielding equities, ETFs, and bonds.

[@Too-old-Forthischet]

Yes, I've been in touch with a financial analyst ever since I covid. Investing in trending companies is relatively easy today; the trick is determining when to purchase and sell. I started with a $300K reserve that was initially dormant; my adviser decides when to enter and exit my portfolio; since then, I have accumulated over a million dollars.

[@AlbertGReene-p8w]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@Too-old-Forthischet]

Nicole Desiree Simon oversees my portfolio, simply do your due diligence. She's an extremely intelligent person, very thoughtful, cautious, and shows a great deal of expertise with over a decade of experience in her line of work.

[@AlbertGReene-p8w]

Thank you for this tip , I must say, Monica appears to be quite knowledgeable. After coming across her web page, I went through her resume and I must say, it was quite impressive. I reached out and scheduled a call

[@joshlidowdie24]

One of my favorites. I watched this 1 1/2 years ago. We are all about to experience this. The "Sheep" don't understand this.

[@PraveenSrJ01]

I definitely agree this is likely and is already happening in a sense with rents skyrocketing in the United States 🇺🇸

[@thepearlswirl]

💯

[@nitemare1525]

We need an update list since Venezuela on this list now. So we need to do another of these videos in the future maybe after america is on this list as well

[@juanio7036]

Imagine getting paid every hour cause if you wait for the end of the day your money lost it’s value

[@ENDEVRDocs]

crazy 😮

[@carlosgarcia-uz4su]

@@ENDEVRDocs excellent presentation Venezuelas case will ne interesting and what powerfull now country are in the verge of the hyperinflation looks like thank you! Again

[@sugarman08]

I'm 60 when I was ten my grandmother gave me a history lesson on hyperinflation. She was German and live through it

[@hoodclassicsofcalifornia]

I like how Hungary has the worst hyperinflation ever but fixed it rather simply.

[@thatguyjef2402]

@Lt. JoeAnimatez I think they adopted a new currency

[@mnimeion]

@Lt. JoeAnimatez negotiation and currency reform, very effective that's why the inflation last less than a year

[@penzugyipirula4100]

Actually in Hungary the biggest banknote never been released to the public/into circulation...it was just printed.

[@hebneh]

In situations like this, the only way to survive can be through bartering. But only a handful of objects retain value. The only winners are foreigners who possess a stable currency; they can live like royalty by spending small amounts of their own money in the country with hyperinflation.

[@joergkalisch7749]

Or previous metals

[@crazylegs8891]

Inflation is not rising prices, it's the increase in the currency supply "resulting" in rising prices.

[@alexm566]

or your country selling all its gold, like Venezuela

[@joergkalisch7749]

Rising money supply flowing into the wrong hands on top of it

[@_Rockill_]

Peter Schiff has some good videos talking about inflation.

[@SDZ675]

Government: "We can balance our budgets OR ... add some extra zeros on our money"

[@crazeekids9744]

Coming soon to a US near you.

[@ENDEVRDocs]

😬

[@finddeniro]

Up your Street...and At the Bancos. .

[@monicagomez4616]

SO TRUE. 👏

[@n1bleachfreak]

Banking establishment are more dangerous to your liberties than standing armies. -Thomas Jefferson

[@BoydXplorer]

Great share. Interesting and informative to watch. Thanks.

[@sarac.3568]

Wth was life like back then? Like, how did people survive??? Doubling prices in the same day? It's like nothing has any meaning

[@Tokenomics1]

The reason of lowering taxes is not true. It is government over spending and going in to big debt.

[@jbgant8513]

Inflation is not Rising prices. Inflation is an expansion of the money supply.

[@good2goskee]

There are different symptoms from inflation but few know what inflation actually is. Often people state the symptoms and note that as inflation. The cause for inflation is the human condition and reaction . The cause for inflation is: "the fear put into financial action motivated by the belief a currency will lose purchasing power".

[@sylvainthibeault3447]

I wonder how quantitative easing never rises to levels that would cause this. One thing about Venezuela is the tight control of media narratives, and how much it differs from the realities described by people IN Venezuela. Can it all be explained by shady media and vested interest? FUD weaponized the world's news outlets, which is owned by a few rich old white dudes who know the power they possess.

[@good2goskee]

@@sylvainthibeault3447 EVERYWHERE the media spins what the politicians want... agreed! I think QE will effect different countries differently. Not all countries have the same resources....and only one has the reserve currency status

[@chrisyanover1777]

How did Venezuela not make this list? Maybe this video came out before major inflation hit. I am currently a Venezuelan Trillionaire! I think I bought like $10 US dollars of Venezuelan Bolivian and that instantly made me a Venezuelan Trillionaire. Don't get me wrong, I was a generous Trillionaire. I would often make other people Venezuelan millionaire's too if they won a competition!

[@kahhengyeong7947]

Isn't it a strange coincidence that 4 our of 5 countries are from EU and virtually all 5 of them are very close in terms of latitudinal position of the globe?

[@thesaints-7-andrew.]

Watching from Greece.hi everybody. Great video.

[@abelieversperspective9595]

Septillion. That's crazy big.

[@se6586]

That’s 7000 trillion😳

[@austinli8891]

@@se6586 no, that's 7000 trillion trillions

[@williamkreth]

Bruh how am I just now finding your channel? Such great content!

[@ENDEVRDocs]

Thanks 😀

[@mozvidz]

IKR?

[@patheticprepper4496]

Because only the very most educated say brah!

[@Narsty_Boy]

We don't see the inflation as easily today because of electronic payments. I wonder how that will change things this time.

[@yes12337]

I've been wondering how an average low income person can hedge against inflation crisis and to my understanding they should produce most necessary products themselves for their own use and sell/exchange. Do you know any other strategies or videos about it? This is so scary that people even don't dare to talk a about it, but we should all be aware how to cope with hiperinflation or other humanitarian crisis and this should be included in school curriculum

[@vazcarvazcar14]

Invest in silver , gold , Bitcoin , stellar-lumens , uranium URCCF .

[@switchbranch8411]

Not sure why stellar is there, but agree with the rest :)

[@wormius7350]

What is bitcoin backed by lmao

[@mozvidz]

@@wormius7350 Bitcoin is backed (protected) by blockchain. If you understood what that means, you'd not be asking such a question. Also, the richest man on earth invested 1.5Billion on Bitcoin, I doubt he's the dumber one in this equation.

[@wormius7350]

@@mozvidz But what is Bitcoin backed by?

[@mozvidz]

@@wormius7350 Somehow, I knew you wouldn't understand what I said, and I even foretold it in my first reply.

[@aezean5618]

I am sure Zimbabwe 🇿🇼 takes the top spot. The figure you gave is an underestimate. On 1 August 2008, the Zimdollar was 1:1 with the South African Rand after removal of 10 zeros from the Zimbabwean currency. On 1 September, it was 1:20. On 1 October it was 1:400. Prices were multiplying by 20 per month and then it got even worse. If you use this as a conservative estimate of the inflation, it was 400 quadrillion percent.

[@kwesigahenry4596]

Also given that at some point they stopped reporting it

[@PraveenSrJ01]

1) Greece 🇬🇷 -October 1944 (drachma currency) 2) Germany 🇩🇪-During the Weimar Republic In October 1923 after the 1st world war. Use of bonds to fund the war. 3) Yugoslavia-in early 1994 (happened from March 1991 through June 1992). New currency created. 4) Zimbabwe - in November 2008 5) Hungary 🇭🇺-prices doubling every 15 hours in 1945

[@bear831tiger]

Venezuela has enter the *chat

[@ndorobei4391]

Argentina, too.

[@plutogsngnun7624]

Usa too soon

[@Kushken]

@@plutogsngnun7624 no

[@Kushken]

It's not as big as these

[@plutogsngnun7624]

@@Kushken wait 5 years and check this comments again haha

[@malinaizetiopije8844]

I'm proud to live in the country that was once a part of the country that is in the 3rd place

[@stevebond4916]

Phillip David Cagan was my advisor in the Economics Department at Columbia University. He was a rock for me during my time there.

[@josexestevez]

Venezuelan highest bill (bs. 50000) doesn't even buy a cigarrette

[@carlosgarcia-uz4su]

Venezuela's case will be interesting to see it the top before America USA go bust ne #1 peace out !

[@josexestevez]

UPDATE: today july 30th, the biggest bill is bs 1.000.000 and it only buys two cigarretes

[@austinli8891]

Hungary can defeat Venezuela using 10% of their power

[@ReesesCupsable]

NEW CHALLENGER APPROCHING! VENEZUELA!

[@ENDEVRDocs]

The ranking was done before the Venezuela hyperinflation kicked off. But yes, things are not looking good there.

[@libertarian787]

Incorrect definition of inflation. The real definition is an increase in the money supply

[@LaccerHS]

To be honest, Forint is still worth less than toilet paper. Just in a year it dropped like 10%, thanks Orban and Co!

[@sylvainthibeault3447]

Forint? Isn't it called Florin?

[@lowlandtech]

This is the reason why I hold only gold and bitcoins. Gold for of an end of the world scenario and bitcoin for an end of money scenario 😁

[@SueBHoney-cq8co]

Yeah that will satisfy that great hunger and thirst coming soon

[@JohnJohnson-oe3ot]

Gold won’t help . Ammo , water food and shelter will

[@heckinbasedandinkpilledoct7459]

What is bitcoin backed by?

[@phoenixkali]

I don't see any supermarkets accepting bitcoin, or estate agents. So what can you buy with bitcoin? Plus , it's a prime example of hyperinflation.

[@biglou7733]

Dont get caught with too much bitcoin. The government banning it is more of a matter of when than if

[@raroldroldan]

You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a crypto market for just few months and now they are millionaires , all thanks to Mrs Jane, God bless you madam 😇

[@scottreagan9796]

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Jane, I think she is the best broker I ever seen.

[@ralondarogers563]

I still wonder how she gets her analysis, I got profit of $28, 609 with a capital of $4000 in 16 days of trading with her

[@bradleywellington8624]

I'm from Canada 🇨🇦 I and two other of my friends tried her immediately we testified, her performing wonders

[@trayerwilderness2534]

Who's this professional everyone is talking about I always see her post on top comment on every KZbin video I watched

[@trayerwilderness2534]

I think I'm interested how can I get in touch with Mrs Jane

[@ingridlinbohm7682]

Inflation is not only caused by a drop in tax revenues but also by governments wanting to increase their revenue. We are having inflation because our governments world wide have wanted to increase their revenues in order to cope with past increases of revenue. These increases in revenue lead to bubbles. In order to sustain the bubbles the revenues are increased again and then pumped into the bubble economy. This increase in revenue is achieved through the creation of government and private debt which are so large that they become unpayable. Inflation though actually reduces the real worth of the debt so governments deliberately create inflation in order to reduce their debt burden which if unchecked leads to a bankrupt state and society. Hyperinflation is the result of attempts to reduce the states debt that has gone to far.

[@sylvainthibeault3447]

That's quite obvious for Germany and Zimbabwe, I see Venezuela as an all out media terroristic op, I'm not a Q, I don't believe in the craziest theories, but the US would just love to get that sweet, sweet light crude, just a stone's throw from plenty of Puerto Rican cheap labor.

[@Kur01T3nh1]

Hyperinflation is the product of Fiat Currency. Real Money which is Gold remained very Stable for centuries. Gold never lost its value whereas Fiat Currencies lost almost 100% of its value

[@ulisesfonseca7937]

the inflation in a period of time , you have to specify the period of time

[@vmizzell]

Tax revenues keep increasing in the US. That's kept us from feeling the pain, and that's why the government is desperately bringing in immigrants. All it will take is a decline in tax revenue, combined with monetization, and the debt bubble will burst.

[@cashkitty3472]

Us is unique in that everyone else's currency is pegged to the dollar so hyper inflation won't happen. Having your great grandkids pay off the current debt will though

[@xenomorphbiologist-xx1214]

Something I also noticed is that with the exception of Hungary (July), all of these hyperinflation cases were at their worst in the Fall Season (October and November). What is up with that?

[@majstorgile]

Key to survive inflation was having someone in Germany or USA to send you money.

[@larrysmith2636]

Information or muzak video. Pick one?

[@PraveenSrJ01]

This might possibly happen in the United States 🇺🇸 in the next 7 years before the year 2030. That will be really bad and create a lot of problems.

[@josho7138]

Nooo

[@PraveenSrJ01]

@@josho7138 I really hope that isn’t the case either…

[@GodisLove1j48]

I was expecting at least a mention of Venezuela..

[@franticRX7]

Biden: Hold my beer, I'm about to print 100 trillion dollars

[@warrenbuffet2848]

What happened to property in those cases? Did the state confiscate the assets of the rich people?

[@kimatong1166]

So Venezuela is not part of your hyperinflation list?

[@thetabbyguy921]

Not bad enough Yet

[@lowerquadrant4647]

7:04 True. The trauma has become virtually genetic.

[@ENDEVRDocs]

😀

[@Mitche23]

I'm from the former Yugoslav Republic of Serbia. I still have those billion dinar notes in my house

[@ЭльдДраконов]

Congratulations

[@mrfrisky5887]

prior to the 1900s county using gold / silver as currency did not have any inflation unless the government changes the composition of the coins

[@jimcuerlusano7091]

This video i of the past history s the best lesson to country who are fanatic of making a war

[@lichang-l3m]

the hyperinflation of Chinese Nationalist Government in the period of 1946--1949 was also a nightmare.

[@InfiniteEchos]

With there now being a new currency, one's curious how much - in say £ - would one of those 100 quintillion notes sell for? What would someone pay for something that has zero value, zero use, but could say complete a collection 🤔

[@ENDEVRDocs]

🤔

[@bhe8336]

Do you buy gold because it has numismatic value in a coin? If so, I'm sorry you're so easily conned.

[@liamcollinson5695]

So in Germany by the time you finished your meal its price probably went up

[@bathombre9739]

You got to eat fast, no chit chat

[@darkfog0707]

The missed part of the Soviet story. Hungary started to, borrow more money from te Soviet Union. So much, that the living conditions was far beyond the other communist countries. But the Hungarian government kept the huge dept that was its consequence in secret. Luckily at the highest level of the debt, the Soviet Union collapsed. Therefore the country that Hungary had to pay back no longer existed. So Hungary got away with a lot of free money in the end.

[@MichelleB2b]

My Google search on inflation rate April/May 2021 is at 5% with the next report coming July 13 2021. Thats doubled according to this documentary @ 0:45

[@thewildgoose7467]

"Gold is money. Everything else is credit" - JP Morgan 1912

[@IvyANguyen]

Anyone else here watching in wonder about the US? We might someday suffer hyper-inflation too - a scary prospect. Has a world reserve currency ever became hyper-inflationary?

[@Crashed131963]

US has state of the art printing presses. The can bail anything out as long as the trees and ink supplies do not run out.

[@IvyANguyen]

@@Crashed131963 True, though would we enter hyperinflation if other countries are doing the same thing simultaneously?

[@Crashed131963]

@@IvyANguyen But the world currency is base on the US dollar not gold anymore , so they US can play the system, unlike other countries.

[@airrodgers7277]

@@Crashed131963 until the US make enough enemy and print too much money that country around the world start to doubt the US ability to pay its debt. Than stuff will hit the fan...

[@cashkitty3472]

No all currency is pehgef to us so it's impossible unless People stop using it and revert to hold which is why Saddam Hussein was taken out. You are just making you great grandkids pay off your debt

[@csabafarago1673]

The flags of Germany and Yugoslavia in the video are anachronistic.

[@wowfactor1902]

Welcome from hungary 🇭🇺 🥲

[@ewilliams6727]

Pls change background music so it doesn’t cause hypertension and heart attacks.

[@nguyendailam6703]

Never would have happened in Rhodesia.

[@renaissancenovice7202]

Watching in Feb 2021 in US because of the Biden administration. I've got a bad feeling about this.

[@yohaneschristianp]

And Trump isn't going to be the same you think? They're both the same

[@TheFramer38]

Yes because everything under trump was working so well. Millions of Americans are dead and they didn't have to invade other countries for that body count!

[@renaissancenovice7202]

@@TheFramer38 what?... Which millions of Americans are dead? What are you even talking about?

[@miguelmaza7815]

How can you forget Venezuela?... Highest inflation in the world atm. Wayy more than Zimbawe

[@thetabbyguy921]

More than current Zimbabwe but not peak inflation Zimbabwe but surely if nothing is done in the next few years it would be kn the list

[@miguelmaza7815]

@@thetabbyguy921 A single $1 is 180,000,000,000 of the original Bolivar if you count all the zeros that the Venezuelan regime has taken off. That’s pretty peak in any ones standards I’d say

[@thetabbyguy921]

@@miguelmaza7815 just checked, this is the value of 1 us dollars to Venezuelan Bolivars: 1,826,120.28

[@brianschultz6645]

@@thetabbyguy921 government knocked off 5 zeros from the bolivar. So your both right

[@thetabbyguy921]

The Venezuelan government basically trying to hide the fires by throwing a carpet on it, Zimbabwe at the time was just like having your house on fire and dumping petrol on the flames

[@jairishi2553]

Where's Venezuela bro?

[@Kur01T3nh1]

Well inflation started when fiat currency was created. With fiat currency prices will rise. A slice of bread which cost 5 cents today could cost 1 million dollars by next month, next year, or decades later. One example is the USD. It lost its value by 95% since the 1920. In 1920 a brand new car costs around 15 ounces of Gold or 15 USD when the USD was still backed by Gold, but hey American politicians don't follow their own Constitution anyway so they made the USD into a fiat currency which is no longer tied to Gold and only backed by empty promises, now 2023 you can still buy a brand new car with 15 ounces of Gold while you now need a whooping 30k Dollars to buy the same. Isn't that hyperinflation in on itself, imagine that, only 100 years went by and that's how bad it gotten. That's only one generation, and now inflation is accelerating because of endless money printing, low supplies of good while demand is increasing. Saving up currency at home or in the bank is a sure way to become poor. I would rather spend it on things that holds value like precious metals, business, investments, anything that holds value or provides passive income.

[@thesportscrit]

you have explained it very well

[@gilgameshuruk3674]

I thought venezuelas inflation was on of the biggest

[@edgywagy145]

Why isn't Venezuela in here?

[@cryptoyardie3887]

Did he said the introduction of hard assets helped lower the hyperinflation. Hyperinflation will hit the US soon, can someone say x r p to the rescue.

[@austinbryan6759]

Isn't XRP in some legal battle? No thanks. I'll choose Bitcoin.

[@bobcrane2720]

Hungary issued a new currency, they should have done that right away.

[@paolosantiago3163]

"Philippines my home country will have the worst hyperinflation in the world as we are the new Venezuela its equivalent in Asia .?!"

[@ramsesrameez5430]

Currency can't be destroyed ....

[@sterrin5766]

yugoslavia ❤

[@SlavaBogu11]

One egg in Serbia was like 50.000.000 during hyperinflation

[@c3el]

Where does Venezuela go in the list? Nowhere??!!

[@johnb6723]

What is needed is a long term policy of no further printing of currency. Cut thy coat according to thy cloth.

[@rodrigoezequielneira]

Argentina: aguanta mi birra... Cuántas hiperinflaciones tenés?? Muchaaachooos🎵🇦🇷🏆

[@Ryousure]

What I don't get is how where people. Paying insane amount if they didn't have it . Was your 100 fiat converted in the bank to 10000 automatic? Where did he the owner of a business suddenly get 1million to pay the employee

[@yeliangarcia4623]

Hyperinflation requires both: too much money AND too few goods and services...the too much money component can only be supplied under a fiat currency standard, hard money has a dis-inflationary standard but unfortunately for governments and their politicians you can't simply spend it into existence and extract seigniorage ad infinitum

[@patheticprepper4496]

Wrong

[@nobody6803]

About Venezuela ??

[@auwanho]

I cannot focus on what you’re saying because of the amount of unrelated video content on the screen lol.

[@moremoarkh9175]

That's why Hungary was hungry

[@DavidEVogel]

Video is 7 months old. Where is the hyperinflation?

[@BosoxPatsfan603]

Venezuela should be on this list!

[@43teji]

I guess VENEZUELA 🇻🇪 coming to be top of the list. 🤔

[@RabbitYT576]

nah

[@cfsotto]

Followed really close by Argentina...

[@yeaboi564]

hungary:

[@RabbitYT576]

its hungary

[@monicagomez4616]

No, give the US a chance to prove you wrong.😃

[@heidimurphy4463]

Prison authorities should be aware of this incident

[@Snafuski]

This still doesn't explain how hyperinflation happens. How can a loaf of bread baked using X Pengö at 6 a.m cost Y at 7a.m. , but Y x 10 at 8 a.m.

[@yirehmiyahmagsayo361]

i think in the coming time in the future, living life no money, bank account or money, real person living simple life, you can search him rob greenfield, money was never problem, if you grow your own food...

[@Crashed131963]

With 7.8 billion people on the planet that plan has changed . May have worked in 1980 with 4.3 billion mouths to feed.

[@Sainisaab-h9r]

In future if u have food then u can survive

[@renleedativo4355]

In heaven when death.