Showing posts with label purchasing power. Show all posts
Showing posts with label purchasing power. Show all posts
Sunday, July 14, 2013
Hyperinflation, Soaring Food Costs – Will Gold & Silver Save You?
Hyperinflation is an all consuming event that strips away virtually every thread of society. During such events food prices skyrocket. The chances of you having enough money to buy food for your family will be slim. Physical gold and silver act as hard currency to protect assets and purchasing power. Everyone can own them without prior investment knowledge. Holding these assets during times of an economic crisis allows you real money for making transactions, as they’ll be but a few, of the last things of true value left standing.
After WWI the German economy was left eroding as it suffered from massive debt, created by high war costs to fight the war. As the years after WWI continued, Germany's economy steadily got worse. The rapid rise in food costs were among the first things citizens of Weimar experienced. In November 1923 hyperinflation peaked, food costs went absolutely out of control. During its peak, food prices skyrocketed…
Friday, March 15, 2013
What Is The Difference Between Currency And True Money?
Currency has been around in various paper forms throughout societies for generations. People use it every day. But how many people really know what the difference is between paper currency and money?Currency has been defined as a circulating medium of exchange, used as an intermediary in trade to avoid the use of a barter system. The benefits and usefulness of currencies include; being a unit of account, or standard measurement of value. Other key factors include; durability, divisibility, ease of transportation and being …
Saturday, February 2, 2013
Economics 101 – Excess Money Equals Inflation
Why was money invented?
Before money came along, people got what they wanted by trading things between one another so in the end both people would receive what they wanted. Economists call this method of exchange or the barter system. Bartering however was a very inefficient system because you had to seek out someone who had what you wanted…
Saturday, January 21, 2012
The Steadily Declining Dollar
In response this question we will need to take a look back into history. Since 1944, following the well-known summit of the global central bankers at Bretton Woods, New Hampshire it was determined that the US. Dollar would become the world's reserve currency...
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