When money destroys nations
Subtitle: how hyperinflation ruined Zimbabwe, how ordinary people survived, and warnings for nations that print money
By: Philip Haslam with Russell Lamberti
Contributors: Lamberti, Russell
Publisher: Penguin Books (South Africa)
Published: 2014
Place of publication: Johannesburg, South Africa
Language: eng
Number of pages: 140
ISBN-13: 9780143539186; 9780143531630
Subjects: Economic policy; Inflation (Finance); Economic development; Monetary policy
Description: "Since the global financial crisis of 2008, the major governments of the world have resorted to printing vast sums of money to pay national debts and bail out banks. The warning signs are clear, and the collapse of the Zimbabwean dollar in 2009 after years of rampant money printing is a frightening example of what lies in store for the world's economies is painful, but necessary, reform is not enacted soon. When Money Destroys Nations tells the gripping story of the disintegration of the once-thriving Zimbabwean economy and how ordinary people survived in turbulent circumstances. Analysing this case within a gloabl context, Philip Haslam and Russell Lamberti investigate the causes of hyperinflation and draw ominous parallels between Zimbabwe and the world's developed economies. The looming currency crises and possible hyperinflation in these major economies, particularly the United States, have the potential to turn the current world order upside down. This story of how money destroys nations holds lessons that cannot be ignored."--Back cover.
Notes: Includes bibliographical references (pages 136-137).
Table of contents: title: Pt. I. Money printing: the big picture. Bernanke's panic ; Beautiful Zimbabwe ; Storm warnings ; Global money printing ; Hyperinflation 101 ; The politics of printed money; title: pt. II. Hyperinflation: the personal experience. The politics of hunger ; Government shutdown ; Strength in community ; The death of the Zimbabwe dollar; title: pt. III. Global storm a' brewing. Dollar supremacy ; Total transaction control ; Get prepared ; Your opportunity.