What if I told you that a Zimbabwean had to pay like a million Zimbabwe dollars to buy a single USD? Its true.
If you want to be ahead of the curb, then watch this video now! 5 Signs that Hyperinflation is Just Around The Corner!
The inflation rate has been released again for this month, time and time again, we have seen the inflation rate go higher and higher than the previous month. Ask yourself, how much longer will this happen? How is it that the prices of food and groceries are going up, yet my hourly wage has not increased as much?
Hyperinflation is a scary thing and it can happen to any country and to anyone. Are we going through hyperinflation? Well, let's check this video out and analyze whether we are currently in any stages.
Number one would have to be essential prices have skyrocketed. Yes, this does mean that groceries and other normal necessities such as healthcare and gas have gone up drastically. Due to supply and demand, this can keep going on indefinitely.
A pandemic is a scary thing and can happen out of nowhere. You all know what I'm talking about. This can, indeed, cause a hyperinflation.
Going through a war or any form of conflict is bound to create some kind of inflation. Whether it is a normal amount (like 2% inflation) or a much higher rate like.. I don't know... how about 29500%? Check the video out for more information!
Currency depreciation is a real problem and every country has the ability to produce or print money out. Is your country continuously printing money out like there is no tomorrow? If the answer is yes, then beware this sign of hyperinflation.
Last but not least is huge debts. I bet you could have seen this coming a mile away. Debt is a huge factor to hyperinflation as countries will have no ability to pay off certain things, just look at Germany. Not only this, but debt can cause hyperinflation through the inability to pay back loans.
Regardless of which sign your country is currently in, think about how severe the situation is before jumping to conclusion. As we all know, last year was not a good year for any country.

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