Thursday, December 15, 2011

How will hyperinflation in the US and the USD turning worthless going to affect other currencies?

Other currencies where their government does not print money as addictive as the US does.|||It will cause a global economics Depression, kinda like in 1929 (which was a lot worse than 2008)|||There are no hyperinflation in US. Hyperinflation is when prices of common goods exceed 50% per month, whereas in US inflation only averaged 2.7% over the last 12 months. To add on, USD is not turning worthless anytime soon. Commodities such as metals, oil and foodstuff are still priced in USD and many emerging countries, such as China, Russia possesses huge amount of US Government debt, also priced in USD.

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