Cliff Küle's Notes:

Cliff Küle's Notes Reflections on our world & its money (The Great Confidence Game)

Feb 17th 2013, 10:57 On The Possibilities of Hyperinflation GMO's James Montier (AE) .. on where hyperinflation could possibly happen in the modern era .. emphasizes hyperinflation is not purely a monetary phenomenon - massive money printing only will not likely cause hyperinflation .. instead, it is caused more often by massive supply shock, coupled with external debts denominated in a foreign currency & social unrest ..  "On the basis of these preconditions, I would argue that those forecasting hyperinflation in nations such as the U.S., the UK, or Japan are suffering from hyperinflation hysteria. If one were to worry about hyperinflation anywhere, I believe it would have to be with respect to the break-up of the eurozone. Such an event could create the preconditions for hyperinflation .. Indeed, the past warns of this potential outcome: the collapse of the Austro-Hungarian Empire, Yugoslavia, and the Soviet Union all led to the emergence of hyperinflation!" ..  says hyperinflations are rare events, when populations lose complete faith in their currencies. LINK HERE to download the missive

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