With the recent dramatic expansion of world currency supply and high inflation now eating away at the purchasing power of our money, is hyperinflation – true currency destruction – a possible risk in the future?
The world’s major central banks have increased the global currency supply by nearly 50% since the pandemic hit less than 2 years ago.
Add in the additional trillions of dollars worth of fiscal stimulus issued recently by national legislatures around the world, and it’s little surprise that price inflation is now raging.
In short, our currency is losing its purchasing power at an alarming rate.
So in this video, we talk with sound money advocate James Turk, the founder of GoldMoney, to understand exactly what’s going on.
How much worse is this loss of purchasing power likely to get? What can history tell us to expect from here?