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| | ==Zimbabwe's hyperinflation== | | ==Zimbabwe's hyperinflation== |
| − | The Government of [[Zimbabwe]]'s chaotic land reform program, recurrent interference with the judiciary, and maintenance of unrealistic [[price control]]s and [[exchange rate]]s have led to a sharp drop in investor confidence. Since 1999, the national economy has contracted by as much as 35%; [[inflation]] vaulted to [[hyperinflation]] of over 7,634.8% (year on year) in July 2007; and there have been persistent [[shortage]]s of [[foreign exchange]], [[fuel]], and [[food]]. Direct foreign investment has all but evaporated. In a desperate attempt to control inflation, the government forced firms and [[supermarket]]s to reduce prices by half in July 2007, which resulted in severe shortages of basic [[goods]] and other [[commodities]]. | + | The Government of [[Zimbabwe]]'s chaotic land reform program, recurrent interference with the judiciary, and maintenance of unrealistic [[price control]]s and [[exchange rate]]s have led to a sharp drop in investor confidence. Since 1999, the national economy has contracted by as much as 35%; [[inflation]] vaulted to hyperinflation of over 7,634.8% (year on year) in July 2007; and there have been persistent [[shortage]]s of [[foreign exchange]], [[fuel]], and [[food]]. Direct foreign investment has all but evaporated. In a desperate attempt to control inflation, the government forced firms and [[supermarket]]s to reduce prices by half in July 2007, which resulted in severe shortages of basic [[goods]] and other [[commodities]]. |
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| | ==Bibliography - Further Reading== | | ==Bibliography - Further Reading== |
| − | * [[Peter Schiff|Schiff, Peter D.]], ''[https://www.amazon.com/Real-Crash-Americas-Bankruptcy-Yourself/dp/1250046564 The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country]''. Hardcover: 464 pages. Publisher: St. Martin's Press; Second Edition, Revised edition (April 8, 2014). ISBN-10: 1250046564. ISBN-13: 978-1250046567. Mr. Schiff has fully revised and updated his provocative [[New York Times]], [[Wall Street Journal]], and [[USA Today]] [[:Category:Best Sellers|bestseller]] ''The Real Crash''. Amazon.com says, "First published in 2012, The Real Crash argues that America is enjoying a government-inflated [[economic bubble]], one that reality will explode...with disastrous consequences for the economy and for each of us." | + | * [[Peter Schiff|Schiff, Peter D.]], ''[https://www.amazon.com/Real-Crash-Americas-Bankruptcy-Yourself/dp/1250046564 The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country]''. Hardcover: 464 pages. Publisher: St. Martin's Press; Second Edition, Revised edition (April 8, 2014). ISBN 1250046564. ISBN 978-1250046567. Mr. Schiff has fully revised and updated his provocative [[New York Times]], [[Wall Street Journal]], and [[USA Today]] [[:Category:Best Sellers|bestseller]] ''The Real Crash''. Amazon.com says, "First published in 2012, The Real Crash argues that America is enjoying a government-inflated [[economic bubble]], one that reality will explode...with disastrous consequences for the economy and for each of us." |
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| − | * [[Michael Snyder|Snyder, Michael]], ''[https://www.amazon.com/gp/product/1484871308 The Beginning Of The End]'', [[The Economic Collapse Blog]]. Paperback: 442 pages. Publisher: CreateSpace Independent Publishing Platform (May 15, 2013). ISBN-10: 1484871308, ISBN-13: 978-1484871300. | + | * [[Michael Snyder|Snyder, Michael]], ''[https://www.amazon.com/gp/product/1484871308 The Beginning Of The End]'', [[The Economic Collapse Blog]]. Paperback: 442 pages. Publisher: CreateSpace Independent Publishing Platform (May 15, 2013). ISBN 1484871308, ISBN 978-1484871300. |
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| − | ==External Links== | + | ==External links== |
| | * [[Michael Snyder|Snyder, Michael]], [http://theeconomiccollapseblog.com/archives/category/financial-markets TheEconomicCollapseBlog Financial Market Collapse], [[The Economic Collapse Blog]], 2015. | | * [[Michael Snyder|Snyder, Michael]], [http://theeconomiccollapseblog.com/archives/category/financial-markets TheEconomicCollapseBlog Financial Market Collapse], [[The Economic Collapse Blog]], 2015. |
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| | <references/> | | <references/> |
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| − | {{Template:Economic preparedness topics}} | + | {{Economic preparedness topics}} |
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| − | [[Category : Economic Preparedness]] | + | [[Category:Economic Preparedness]] |
| − | [[Category : Inflation]] | + | [[Category:Inflation]] |
| − | [[Category : Economics]] | + | [[Category:Economics]] |