Hyperinflation? Fox’s Neil Cavuto interviews Axel Merk
Axel
Axel Merk
Author of Sustainable Wealth
President and Chief Investment Officer, Merk Investments
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The term ” hyperinflation” seems more and more prevalent in the news these days. From my reading of economic history ” hyperinflation” is the most sinister of economic events for a nation. Basically, as I understand the currency fails to work( e.g. Germany, Zimbabwe…).. It seems the media and people who discuss this confuse this term with inflation. Now am I to understand that the dollar is truly at risk of failing?
I would presume the media and people discussing this would find this unthinkable. Perhaps I do also considering the role the USD plays on the world stage. Can we assume then that the folks discussing “hyperinflation” may reorganize their thoughts and demonstrate opposition to Fed policy in earnest if the risks were understood and believed? As it is now, the media seems more concerned about the best currency “play”rather than what to stockpile in the basement.
What the risks of occurrence and magnitude if world bails on the USD.? Are we talking about a coke costing 5 bucks or 5000 bucks? I would like some perspective.
Thanks-