Hyperinflation ‘wiped out’ these great currencies, is the U.S. dollar next? Steve Hanke

Click here to get this article in PDF

There have actually been a total amount of 62 recorded situations of hyperinflation, as well as in all instances, the hidden money in the economic climate has actually fallen short, according to Steve Hanke, teacher of employed business economics at Johns Hopkins University.

" If you have run-away inflation, you can erase a currency and also you can wipe it out fast," Hanke informed David Lin, anchor for Kitco News.

In some cases, like Hungary in 1945, it just took 15 hours for prices to increase.

0:00 – Money that have actually fallen short
7:43 – The source of devaluation
12:45 – Hyperinflating economic climates today
18:30 – Policy to fix unsuccessful currencies
21:48 – Bitcoin as support money?
26:35 – Can UNITED STATE dollar fall short?
__________________________________________________________________
Kitco News is the world's # 1 resource of metals market info. Our videos include interviews with noticeable industry numbers to bring you market-affecting insights, with the goal of helping individuals make informed financial investment choices.

Register for our network to keep up to day on the current insights moving the metals markets.

For more breaking information, visit

Follow us on social networks:
Facebook –
Twitter –
StockTwits –

Real-time gold price as well as graphes:
Live silver cost as well as graphes:

Do not neglect to enroll in Kitco Information' Weekly Roundup– comes out every Friday to summarize the hottest tales & video clips of the week:

Join the discussion @ The Kitco Forums as well as be part of the premier on-line community for precious metals capitalists:

Disclaimer: Video clips are not trading guidance and also the sights revealed may not mirror those of Kitco Metals Inc
.