Tuesday, 1 June 2010

Hyperinflation in SA? Only with Malema.

In Zimbabwe hyperinflation reached such high levels that the real value of the country’s entire money supply was wiped out.

Towards the end of the hyperinflationary spiral the real value of the ZimDollar halved every 24.7 hours according to Steve Hanke from Cato Institute.

Eventually the ZimDollar had no value at all.

South Africa has never experienced hyperinflation.

I used to believe that SA will never experience hyperinflation.

With the success of Julius Malema in South Africa I have changed my opinion.

SA can possibly experience hyperinflation if Julius Malema one day becomes president of South Africa.

Kindest regards

Nicolaas Smith

Copyright © 2010 Nicolaas J Smith

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