Hyperinflation: Extreme inflation, minimally in excess of four-digit annual percent change, where the involved currency becomes worthless. A fairly crude definition of hyperinflation is a circumstance, where, due to extremely rapid price increases, the largest pre-hyperinflation bank note ($100 bill in the United States) becomes worth more as functional toilet paper/tissue than as currency.(1)

Discussion: Currency(Money) without material backing is subject to valuation by public opinion or perception of value.

”The hyperinflation in Germany’s Weimar Republic” before the NAZI regime.  ”Mailing a letter in late 1923 cost 21,500,000,000 marks.”(1)

Zimbabwe. Hyperinflation in Zimbabwe, the former Rhodesia, was a quadrillion times worse than it was in Weimar Germany.(1)

“Net of gimmicked methodologies that have inflated GDP reporting over the decades, the U.S. economy has been in recession since late-2006, entering the second down-leg of a multiple-dip economic contraction, where the first downleg was the recession of 2001, which actually began back in late-1999.”(1)

“Shy of the rapid introduction of a new currency and/or the highly problematic adaptation of the current electronic commerce system to new pricing realities, a barter system is the most likely circumstance to evolve for regular commerce.  Such would make much of the current electronic commerce system useless and add to what would become an ongoing economic implosion.  It also could take a number of months to become reasonably functional."(1)

If you are seriously interested in your personal economic future you MUST read this report.

Malcolm T. Hedges

1) http://www.shadowstats.com/article/hyperinflation-2010