Well, let's hope we don't see anything like this here in America. I think we will be seeing hyperinflation, but I hope not to the degree they have seen in Zimbabwe. Look at this link to see what can happen with hyperinflation out of control.
Wednesday, April 14, 2010
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If the stated value, of “Federal” Reserve notes, declines enough with respect to copper and nickel, the 1946-2009 U.S. Mint nickels, composed of cupronickel alloy, could become somewhat rare in mass circulation.
ReplyDeleteThe April 14th metal value of these nickels is “$0.0624924” or 124.98% of face value, according to the “United States Circulating Coinage Intrinsic Value Table” available at Coinflation.com.