{"id":13006,"date":"2020-04-17T09:31:17","date_gmt":"2020-04-17T13:31:17","guid":{"rendered":"https:\/\/www.duck9.com\/?p=13006"},"modified":"2020-04-28T12:46:33","modified_gmt":"2020-04-28T16:46:33","slug":"hyperinflation-happens-slowly-then-very-fast","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/hyperinflation-happens-slowly-then-very-fast\/","title":{"rendered":"Hyperinflation Happens Slowly Then Very Fast"},"content":{"rendered":"<div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1237415141714677770\/im9ho_Is_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/td>\n<td><b>Gabor Gurbacs (<a href=\"https:\/\/twitter.com\/gaborgurbacs?s=11\">@gaborgurbacs<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1251135147476475905?s=11\">4\/17\/20, 8:07 AM<\/a><\/div>\n<div>1) &gt; 1 USD on June 30, 1944 was ~33 Hungarian Peng\u00c5\u2018 before the Peng\u00c5\u2018 spiraled into <a href=\"https:\/\/twitter.com\/search?q=%23hyperinflation&#038;src=hash\">#hyperinflation<\/a>.<\/p>\n<div>\n<div>\n<p>&gt; 1 USD on 10 July, 1946 (2y later), was 460 000 000 000 000 000 000 000 000 000 (460 octillion)=4.6\u00c3\u201410^29 Peng\u00c5\u2018.<\/p>\n<p>&gt; Hyperinflation happens fast! <a href=\"https:\/\/twitter.com\/search?q=%23Bitcoin&#038;src=hash\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%23gold&#038;src=hash\">#gold<\/a> <a href=\"https:\/\/twitter.com\/search?q=%23fiat&#038;src=hash\">#fiat<\/a> <a href=\"https:\/\/t.co\/ysbiWjS4yl\"><span>pic.twitter.com\/ysbiWjS4yl<\/span><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/04\/image1-10.jpeg\" alt=\"image1.jpeg\" id=\"EEBDDD3B-4B43-4E79-ABEA-53AD67E0FBF9\"><\/p>\n<\/div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1237415141714677770\/im9ho_Is_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">Gabor Gurbacs (<a href=\"https:\/\/twitter.com\/gaborgurbacs?s=11\">@gaborgurbacs<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/gaborgurbacs\/status\/1251135658556559360?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">4\/17\/20, 8:09 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">2\/ Hungarian man sweeping worthless pengo currency on the streets of Budapest in 1946.&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23Hyperinflation&#038;src=hash\">#Hyperinflation<\/a>&nbsp;happens fast!&nbsp;<a href=\"https:\/\/t.co\/4kYWliGK6p\">pic.twitter.com\/4kYWliGK6p<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/04\/image2-6.jpeg\" alt=\"image2.jpeg\" id=\"EFC43C5D-E883-4ED0-AB98-07912D1BF979\"><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\nthe <\/span>compliant<span style=\"background-color: rgba(255, 255, 255, 0)\"> was that there <\/span>was<span style=\"background-color: rgba(255, 255, 255, 0)\"> <\/span>not enough<span style=\"background-color: rgba(255, 255, 255, 0)\"> money<\/span>.<span style=\"background-color: rgba(255, 255, 255, 0)\"> It <\/span>turns<span style=\"background-color: rgba(255, 255, 255, 0)\"> out for the Weirmar, there was <\/span>not enough<span style=\"background-color: rgba(255, 255, 255, 0)\"> value in the currency<\/span>.<span style=\"background-color: rgba(255, 255, 255, 0)\"> <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\">Read, &#8220;Collapse of Complex Societies&#8221;<\/span><\/p>\n<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div><\/div>\n<\/div>\n<div>Treasure Management is Chapter 2, #ch2<\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\"><a href=\"https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0\">https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/a><\/span><\/p>\n<div>\n<div>\n<div>\n<div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gabor Gurbacs (@gaborgurbacs) 4\/17\/20, 8:07 AM 1) &gt; 1 USD on June 30, 1944 was ~33 Hungarian Peng\u00c5\u2018 before the Peng\u00c5\u2018 spiraled into #hyperinflation. &gt; 1 USD on 10 July, 1946 (2y later), was 460 000 000 000 000 000 000 000 000 000 (460 octillion)=4.6\u00c3\u201410^29 Peng\u00c5\u2018. &gt; Hyperinflation happens fast! #Bitcoin #gold #fiat pic.twitter.com\/ysbiWjS4yl [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-13006","post","type-post","status-publish","format-standard","hentry","category-banking-secrets"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=13006"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13006\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=13006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=13006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=13006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}