Nishant Baxi - Hyper Inflation

Taking responsibility for the economy is a role we all need to step into. Too often citizens feel that their hands are tied and they have to make do with what is going on. Yet they have decisions about buying commodities such as gold, reaching out for credit that is offered, and how they will handle their own finances in tough economic times.

Chapter 3

How does Hyperinflation Occur?

There are many different variables that can occur when it comes to triggering hyperinflation. It is impossible to cover all of them so we will cover those that have the most significant impact on the economy of the USA.

When the general public decides to retain all of their wealth in forms of non monetary assets it can create problems with cash flow. There are many people that decide to invest in foreign currency such as with ForEx. This can all influence the amount of purchasing power that the USA has as a whole.

In many instances the general public is looking at money in terms of foreign currency. They may get price quotes in other currencies and that too can be a problem with very high levels of inflation occurring.

Today’s society in the USA often has a buy it now and pay for it later attitude. Yet the balance

of credit purchases has to be very closely evaluated. The prices then have to be increased in order to help cover the losses of those that aren’t able to repay the credit that was extended to them.

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