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

@bhe8336

3 жыл бұрын

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

3 жыл бұрын

That’s not true at all.

@bobsacamano5334

3 жыл бұрын

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

@ramjamflimflam

3 жыл бұрын

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

@TechieTard

3 жыл бұрын

Gold and SILVER.

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

@ENDEVRDocs

3 жыл бұрын

😂

@altagent3472

3 жыл бұрын

not something to be proud of but ok.

@Matthewlogsdon22

3 жыл бұрын

🤣🤣

@mikew3002

3 жыл бұрын

And the gold medal finally goes to Hungary 🤣👌🏅

@yohaneschristianp

3 жыл бұрын

Venezuela : hold old my 🍺🍻

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

Жыл бұрын

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

Жыл бұрын

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

Жыл бұрын

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

@MillionaireGoldDealer2

Жыл бұрын

@@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

Жыл бұрын

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

2 жыл бұрын

They use gold bits in Venezuela too.

@lucieneadg5837

2 жыл бұрын

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

Жыл бұрын

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

@logical_evidence

Жыл бұрын

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

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.

@corrySledd

7 ай бұрын

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.

@sheltonPston

7 ай бұрын

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.

@AUstinnesc

7 ай бұрын

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?

@sheltonPston

7 ай бұрын

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.

@AUstinnesc

7 ай бұрын

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

What all hyperinflation cases have in common: fiat currency.

@kayann3

3 жыл бұрын

Let's store our money to crypto 👏

@PantsofVance

3 жыл бұрын

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

@poglup1551

3 жыл бұрын

Bitcoin fixes this.

@PantsofVance

3 жыл бұрын

@@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

3 жыл бұрын

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

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

@CarpYT576

3 жыл бұрын

Yay thx for the heart

@cfsotto

3 жыл бұрын

Where are you from....?

@CarpYT576

3 жыл бұрын

hungary

@user-jx6ot7hp8m

3 жыл бұрын

@@CarpYT576 yh even do it's inflation we Hungarians are happy to be first

@CarpYT576

3 жыл бұрын

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

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

@joergkalisch7749

Жыл бұрын

No difference in outcome

@richardhumphrys7907

Жыл бұрын

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

@belladonnatook8851

Жыл бұрын

@ Richard Humphries. I agree.

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

@hakenkreuzn1

3 жыл бұрын

😂👏🏻

@aa2339

3 жыл бұрын

And get away with it.

@yohaneschristianp

3 жыл бұрын

@@aa2339 in your dream

@Edgonz29

3 жыл бұрын

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

@ENDEVRDocs

3 жыл бұрын

😬

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.

@PraveenSriram

Жыл бұрын

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

@thepearlswirl

Жыл бұрын

💯

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

3 жыл бұрын

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_

Жыл бұрын

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

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

Жыл бұрын

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

Жыл бұрын

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

Жыл бұрын

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

@trayerwilderness2534

Жыл бұрын

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

@trayerwilderness2534

Жыл бұрын

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

Venezuela has enter the *chat

@ndorobei4391

3 жыл бұрын

Argentina, too.

@plutogsngnun7624

3 жыл бұрын

Usa too soon

@Kushken

3 жыл бұрын

@@plutogsngnun7624 no

@Kushken

3 жыл бұрын

It's not as big as these

@plutogsngnun7624

3 жыл бұрын

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

Great share. Interesting and informative to watch. Thanks.

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

@ENDEVRDocs

3 жыл бұрын

crazy 😮

@carlosgarcia-uz4su

2 жыл бұрын

@@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

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

@anotheryoutubeaccount5259

2 жыл бұрын

Ok genius, let's hear some solutions.

@umangsukhadia99

Жыл бұрын

@@anotheryoutubeaccount5259 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

Жыл бұрын

Name just ONE high-schooler

@austineojor

Жыл бұрын

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

@dulguunjargal1199

Жыл бұрын

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

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

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

Coming soon to a US near you.

@ENDEVRDocs

3 жыл бұрын

😬

@finddeniro

3 жыл бұрын

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

@monicagomez4616

2 жыл бұрын

SO TRUE. 👏

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

Watching from Greece.hi everybody. Great video.

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

@thatguyjef2402

2 жыл бұрын

@Lt. JoeAnimatez I think they adopted a new currency

@mnimeion

2 жыл бұрын

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

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

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

@ENDEVRDocs

3 жыл бұрын

Thanks 😀

@mozvidz

3 жыл бұрын

IKR?

@patheticprepper4496

Жыл бұрын

Because only the very most educated say brah!

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

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

Жыл бұрын

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

Жыл бұрын

@@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

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

Жыл бұрын

Or previous metals

Septillion. That's crazy big.

@se6586

3 жыл бұрын

That’s 7000 trillion😳

@austinli8891

2 ай бұрын

@@se6586 no, that's 7000 trillion trillions

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

@alexm566

3 жыл бұрын

or your country selling all its gold, like Venezuela

@joergkalisch7749

Жыл бұрын

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

@_Rockill_

Жыл бұрын

Peter Schiff has some good videos talking about inflation.

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

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!

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

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.

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

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

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

@switchbranch8411

3 жыл бұрын

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

@wormius7350

3 жыл бұрын

What is bitcoin backed by lmao

@mozvidz

3 жыл бұрын

@@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

3 жыл бұрын

@@mozvidz But what is Bitcoin backed by?

@mozvidz

3 жыл бұрын

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

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

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

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

2 жыл бұрын

Yeah that will satisfy that great hunger and thirst coming soon

@JohnJohnson-oe3ot

Жыл бұрын

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

@heckinbasedandinkpilledoct7459

Жыл бұрын

What is bitcoin backed by?

@phoenixkali

Жыл бұрын

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.

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

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?

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

3 жыл бұрын

🤔

@bhe8336

3 жыл бұрын

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

NEW CHALLENGER APPROCHING! VENEZUELA!

@ENDEVRDocs

3 жыл бұрын

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

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

@sylvainthibeault3447

Жыл бұрын

Forint? Isn't it called Florin?

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

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

@carlosgarcia-uz4su

2 жыл бұрын

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

@josexestevez

2 жыл бұрын

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

@austinli8891

2 ай бұрын

Hungary can defeat Venezuela using 10% of their power

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

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

Information or muzak video. Pick one?

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

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

Жыл бұрын

Nooo

@PraveenSriram

Жыл бұрын

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

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

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

@user-nb9hz3wy1h

2 жыл бұрын

Congratulations

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

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

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

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

I was expecting at least a mention of Venezuela..

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

Жыл бұрын

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.

Nice music

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

@bathombre9739

2 жыл бұрын

You got to eat fast, no chit chat

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

3 жыл бұрын

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

3 жыл бұрын

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

@Crashed131963

3 жыл бұрын

@@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

3 жыл бұрын

@@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

2 жыл бұрын

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

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

@ENDEVRDocs

3 жыл бұрын

😀

So Venezuela is not part of your hyperinflation list?

@thetabbyguy921

3 жыл бұрын

Not bad enough Yet

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

About Venezuela ??

How about Lebanon?

Never would have happened in Rhodesia.

Currency can't be destroyed ....

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

3 жыл бұрын

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

@merajija6781

3 жыл бұрын

In future if u have food then u can survive

@renleedativo4355

3 жыл бұрын

In heaven when death.

Lol I thought I had no money now..but give it a few weeks and I'll definitely have nothing

@ENDEVRDocs

3 жыл бұрын

History can repeat itself 😬

@merajija6781

3 жыл бұрын

@@ENDEVRDocs is hungry poor country bro?

@Tovalokodonc

3 жыл бұрын

@@merajija6781 Hungary* and no

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

Hungary after wwii be like:Inflation goes brrrrrrrrrrr

Venezuela should be on this list!

How about Venezuela?

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

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

2 жыл бұрын

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

Welcome from hungary 🇭🇺 🥲

One egg in Serbia was like 50.000.000 during hyperinflation

Hold my beer, a Zimbabwean has entered the chat .

No Venuswella ?

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

Printed cash is trash. Only the tangible goods and resources are worth real wealth.

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

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

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.

Imagine being a cashier at a Hungarian convenience store. YIKES!

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

@CarpYT576

3 жыл бұрын

nah

@cfsotto

3 жыл бұрын

Followed really close by Argentina...

@yeaboi564

3 жыл бұрын

hungary:

@CarpYT576

3 жыл бұрын

its hungary

@monicagomez4616

2 жыл бұрын

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

I thought venezuelas inflation was on of the biggest

Hyperinflation? Never heard of it. 😅

Great video but please avoid those hideous animated faces.

America isn't good enough at math to experience hyper inflation 😂

Video is 7 months old. Where is the hyperinflation?

No Venezuela?

What about velezuela

Soon Lebanon will make the list in the new documentaries about hyperinflation too

Time to invest in stock market or real estate.

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

Жыл бұрын

Wrong

A popular SONG FROM THE SEVENTIES..."WE ARE ON THE EVE OF DESTRUCTION"...

Why isn't Venezuela in here?