Some people got to have it. Some people really need it. You may know these lyrics from the song: For the Love of Money, by the O'Jays.
We think that during these days of lockdowns, businesses shut downs and supply chain disorders, people really need money. And not some people, as the O'Jays sang in their song. We all need it. Yes, some people more than others, still.
You may want to prep a little more. Therefore you need more items. And that cost money. Or you can trade, which also cost money since you need to buy items to trade, in most cases perhaps.
We all got to have it. And with the drums of war from media propaganda, the markets react to the rumors and whispers of a possible war. And the these are not funky and groovy drums from the O'Jays. This time, the drums of war can be heard in the new Ukraine conflict.
Scroll Down for the Latest Updates ⇓
Moscow warns Ukraine may ‘destroy itself’ as Russia and US clash at UN
Ukraine will be responsible for its own destruction if it undermines existing peace agreements, a senior Russian diplomat has warned at a UN security council debate on the crisis.
Source: theguardian.com - 1.31.2022
See also: For the Love of Money - The O'Jays YouTube Channel ⇒
And you will be hearing of wars and rumors of wars. See that you are not alarmed, for those things must take place, but that is not yet the end.
Matthew 24:6 - New American Standard Bible
Hyperinflation
Wars and rumors of wars is good for business, some people say. That's when you can profit from wars and rumors.
Not only weapons sales, but other things during wartime rumors, that can be sold as well. Which is about anything.
We don't know much about the financial movements, schemes and transaction that occur during rumors of wars.
But fortunately commodity.com has made an impressive infographic with great illustrations, which clearly explains the structures and movements of the money flow, and most of all: the dynamics of hyperinflation.
Hyperinflation Illustrated: 5 Times Currencies Crashed
It is argued that hyperinflation often occurs as a result of some kind of stress on a Government’s budget. This is because the root cause is a large Government deficit which is financed by money creation rather than other options like increased borrowing or higher rates of taxation.
In the following infographic we look at 5 times that currencies crashed in a big way. In each of these scenarios, war was the primary cause or played a major role in the Government deficit that led to hyperinflation. Interestingly if we examine all the documented instances of hyperinflation throughout history (extending as far back as the Romans), the same is often true – funding wars or funding the clean up from wars creates a huge deficit that often leads to massive currency devaluation.
Source: commodity.com
We strongly recommend to view the infographic on their website.
Also interesting to read on commodity.com is:
Cryptocurrency Trading 2022: Everything You Need To Know To Start Today ⇒
Hyperinflation and Rumors of Wars
UPDATE 2.12.2022
The drums of war continue with B-52's. And this time it's not a Love Shack.
WATCH US nuclear-capable bombers arrive in UK
Four American B-52 long-range bombers landed at RAF Fairford in Gloucestershire on Thursday after ground crew and logistics personnel were reported to have arrived two days earlier.
The deployment comes amid heightened tensions between the West and Russia, but officials claimed the Bomber Task Force mission – a joint practice operation – had been planned for a long time
Source: rt.com - 2.11.2022
Venezuela breaks one of world’s longest bouts of hyperinflation
Venezuela broke a four-year bout of hyperinflation, one of the longest in the world, as the socialist government slowed the pace of printing money and the US dollar became the preferred currency in the country.
Prices rose 7.6 percent in December from November, according to the central bank, marking a full year with monthly inflation below 50 percent, the threshold most economists commonly use to define hyperinflation. On an annual basis, Venezuela ended 2021 with inflation at 686.4 percent.
Source: batimes.com.ar - 1.15.2022
AS HYPERINFLATION SETS IN, MEDICAL COST IS A KEY CONCERN
Reasons for America's Current Inflation
The Fed’s target of inflation of 2% for 2021 more than doubled by May this year to 6.2% as was shown by recent figures released by the Bureau of Labor Statistics. One of the main reasons for this is that supply cannot keep up with the rise in consumer demand, mainly caused by supply-chain interruptions.
Source: valuewalk.com - 1.28.2022
Hyperinflation Devastates Lebanon, Turkey, Affiliate Owners Determined to Keep their Gyms Alive
“Every day (inflation) keeps getting up, getting up, getting up…We’re not even able to maintain our gym, or to fix anything in our gym. It’s really bad.
Source: morningchalkup.com - 1.13.2022
Is the Australian economy on the brink of hyperinflation?
While the economy has seen improved performance in late 2021, it has subsequently noticed a rise in wages and prices. No doubt, some degree of price increase is desirable as even the central bank has kept inflation as a threshold for raising interest rates. However, a substantial rise in prices beyond a certain level could be concerning.
Source: kalkinemedia.com - 1.24.2022
Venezuelans do not believe hyperinflation will stop
While Maduro's positive take on the economy rebounding a large part of the population does not see this reflected in their own personal situation. Venezuela is also the country with one of the lowest salaries in the world with a minimum wage of less than 5 dollars a month. Low salaries have made Venezuelans find other options to make a living outside public or private companies.
Source: trib.com - 1.21.2022
German and Spanish inflation stays high to increase pressure on ECB
Source: ft.com - 1.31.2022
Zimbabwe Key Message Update: Despite improved rainfall, cropped areas remain below-average in most areas, January 2022
Source: reliefweb.int - 1.31.2022
Zim’s Inflation Levels Decline
ZIMBABWE’s yearly and monthly inflation levels have registered declines, the latest data from the Zimbabwe National Statistics Agency (ZIMSTAT) reveals.
Month-on-month inflation rate for January 2022 retreated to 5,34% after shedding 0,42% in December.
Source: newzimbabwe.com - 1.28.2022
Hyperinflation and War Drums
This page may be updated regularly, depending on the developments.
