﻿1
00:00:00,030 --> 00:00:03,859
yes money can indeed become worthless

2
00:00:03,859 --> 00:00:06,420
Zimbabwe is the most popular recent

3
00:00:06,420 --> 00:00:09,090
example of hyperinflation believe it or

4
00:00:09,090 --> 00:00:12,090
not they even printed a 100 trillion

5
00:00:12,090 --> 00:00:15,360
dollar bill earlier in the 20th century

6
00:00:15,360 --> 00:00:17,369
the same thing happened to Germany after

7
00:00:17,369 --> 00:00:20,420
World War 1 and historic examples abound

8
00:00:20,420 --> 00:00:23,070
how can something this dramatic happen

9
00:00:23,070 --> 00:00:25,890
you need to understand that money is

10
00:00:25,890 --> 00:00:28,230
just paper or numbers on a screen

11
00:00:28,230 --> 00:00:31,140
it only has value if people accept it as

12
00:00:31,140 --> 00:00:34,200
a medium of exchange in other words you

13
00:00:34,200 --> 00:00:35,940
only accept money for your goods or

14
00:00:35,940 --> 00:00:38,520
services because you know others will do

15
00:00:38,520 --> 00:00:41,579
the same now let's assume a revolution

16
00:00:41,579 --> 00:00:43,500
takes place in your country and those

17
00:00:43,500 --> 00:00:46,079
who take over print lots of mine then

18
00:00:46,079 --> 00:00:48,510
hand that money to everyone at the

19
00:00:48,510 --> 00:00:50,370
beginning people might be tempted to

20
00:00:50,370 --> 00:00:53,070
celebrate but eventually too much money

21
00:00:53,070 --> 00:00:55,110
will end up chasing a limited number of

22
00:00:55,110 --> 00:00:57,680
goods and confidence will disappear a

23
00:00:57,680 --> 00:01:00,780
loaf of bread can go from costing one

24
00:01:00,780 --> 00:01:03,710
unit of currency to costing a trillion

25
00:01:03,710 --> 00:01:06,510
eventually no matter how many zeros you

26
00:01:06,510 --> 00:01:09,900
add to a bill nobody will want it the

27
00:01:09,900 --> 00:01:12,140
end

