The National Inflation Association has produced a new video looking at how hyperinflation can lead to a run on stores. They paint the kind of picture where people are trampling one another to stock up on basic goods, like water, before their dollars lose purchasing power.
Using a recent real-life example from Massachusetts in May of 2010, the clip below shows what empty retail store shelves look like in the US, and also people so desperate for supplies that the National Guard has to be called in to keep the peace. Despite the over-the-top tone of the cautionary tale and the survivalist advice it’s an interesting video.
[Read more...]
A Greek Confidence Vote Today
Front and center this morning, there are more rumblings from anybody with a “title” in the Eurozone, about Greece… But the euro (EUR) isn’t paying attention, and yesterday, in the face of Greece being told they had to produce a budget full of spending cuts, the euro rallied… And continued that rally overnight. I had a dear reader ask me yesterday why I thought the euro was rallying with the latest news from Greece… I said… “Well, maybe traders are growing tired of all this back and forth with Greece.” Yes, maybe, just maybe, traders have decided to wait until a plan either has been implemented, or not, and deal with the currencies appropriately at that time…
[Read more...]