Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "The Bank of England Opts for Hyperinflation." video.

It'll be shocking if we see hyperinflation in the UK🇬🇧, and yet it's a possibility—let's hope the Great British people put a stop to this mega inflation soon👍🏻👍🏻👍🏻
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@A-RonHubbard do you think annual hyperinflation's an absolute certainty in the UK within 2 years?
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@A-RonHubbard that's possible without hyperinflation, and we're talking about over the next year or 2, say; a couple of years.
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@A-RonHubbard Lynette's right that that's the best way that a fiat currency can avoid losing it's value — by becoming real money again👍🏻 It's also possible for inflation to slowly erode the value of a fiat currency, causing it to lose virtually all value without hyperinflation.
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@A-RonHubbard so you think the British pound will definitely hyperinflate within 2 years unless it gets fully backed by gold or silver?
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@davebellamy4867 ya, there are a few different definitions for what hyperinflation is. It's generally defined as over 12874.63% annually, or over 50% inflation monthly sustained for 12 months. We may experience that but I doubt we'll experience it in the next 2 years {we'll likely continue creating about 15%-20% new currency over the next few years maximum} unless we enter major combat and other catastrophes within the next 2 years. Nevertheless, there will likely be a negative 10% economic growth year-on-year, with CPI and PPI prices in the 20s range (though governments almost always try to make these seem smaller).
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