latest from shadow stats

[Steal]

in case anyone was interested...

http://www.shadowstats.com/article/no-414-hyperinflation-special-report-2012

[Silver Rocket Bitches!]

Bit of a re-hash from his previous stuff but I like this part, it's a good idea:


For those who have foreign-currency denominated bank accounts outside the United States, something along the lines of a debit or credit card against that account—let’s say a Swiss franc account—could help, in theory. In the U.S., one could buy $100,000 worth of groceries with the credit card, and 50 Swiss francs would be deducted overnight from the account in Zurich, based on the then-current exchange rate. Such presumes, though, the ongoing functioning of a system in the U.S. that could handle the transaction.
Where the vast bulk of today’s money is not physical, but electronic, however, chances of the system adapting there are virtually nil. Think of the time, work and effort that went into preparing computer systems for Y2K, or even problems with the recent early shift to daylight savings time. Systems would have to be adjusted for variable, rather than fixed pricing, credit card lines would need to be expanded daily, the number of digits used in tallying dollar-denominated transactions would need to be expanded sharply. I have had assurances from some in the computer field, though, that a number of businesses have accounting software that can handle any number of digits.
From a practical standpoint, however, the electronic quasi-cashless society of today likely also would shut down early in a hyperinflation. Unfortunately, this circumstance rapidly would exacerbate an ongoing economic collapse.