Post #583 HYPERINFLATION HAPPENS WHEN PEOPLE LOSE TRUST

However, just like water in a lake can exert immense pressure on a concrete dam, so these vastly inflating currencies, including the Euro and USD, are adding tremendous potential pricing pressure on real goods. Only people’s confidence in the currency’s value is holding that pressure at bay. Unfortunately, in Turkey, that confidence might be failing.

Unfortunately, unlike a well-managed dam where water is released when excessive rain threatens its ability to hold up to the pressure, most people – whether in Turkey or the West – no longer seem to recognize the dangers of uncontrolled debt growth and money printing.

https://www.silverbullion.com.sg/Articles/Detail/Hyperinflation-Happens-When-People-Lose-Trust/9730

Instead, they seem to assume that the public’s confidence in the currency is always guaranteed and that the public’s unwavering trust in their policies will hold these pricing pressure at bay indefinitely.

History has clearly shown that this is not to be the case.