In 1920, a loaf of bread soared to $1.20, and then in 1921 it hit $1.35. By the middle of 1922 it was $3.50. At the start of 1923 it rocketed to $700 a loaf. Five months later a loaf went for $1200. By September it was $2 million. A month later it was $670 million (wide spread rioting broke out). The next month it hit $3 billion. By mid month it was $100 billion. Then it all collapsed [as if a roughly 8 billion times rise in cost wasn't already collapse! Hint of irony here. – JM]
Read more: http://www.businessinsider.com/hyperinflation-can-it-happen-here-2011-10#ixzz1asw0Yx6C
Hence I am not worried. It is just an episode that precedes the collapse as politicians try to cover their asses. Will Congress engage in hyperinflation? You bet when they get hysterical. However the Fed knowing that hyperinflation precedes the collapse, may just go on with the collapse and restructuring and skip the hyperinflation. Hyperinflation is optional, the collapse is not.
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