Today’s words: Hypeinflation (inflation greater than 50%), loose credit policy, printing money, lack of productive capacity or manufacturing capacity, debt default. Hyperinflation happens when governments print money in a time of low interest rates. When the interest rate is much lower than inflation, people borrow money to buy commodiites and make money. As well, when a country defaults on its debt (sovereign debt default), it will trigger hyperinflation if the country is a heavy net importer. If a country does not have adequate manufacturing capacity or natural resources like North Korea, the country will hyperinflate (which is what is happening right now in North Korea.
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Interviews with business owners about how the SBA can help finance your business.
A clip from the documentary “The New Rulers of The World” by film maker John Pilger. The WB and the IMF control most of the world’s cash flow. Please check out all of John Pilger’s documentaries.
