NZ Hyperinflation? The RedPill "7 Hyperinflation Essentials" Helps Business Owners Evaluate the Risk

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Along with recession from lockdown a tidal wave of money printing by central banks here and abroad raises questions about the risk of hyperinflation in New Zealand.  To help business owners evaluate this RedPill today  releases its 7 Hyperinflation Essentials. 

“The 7 Essentials gives the key facts about hyperinflation on a single page.  They provide a context for NZ businesses to evaluate the risks they face,” says Branton Kenton-Dau who oversees the free distribution of RedPill money to 750,000 Kiwis.

For example business owners may be surprised to learn how fast hyperinflation can take place.  Currencies have repeatedly become worthless in a matter of months.  Alasdair Macleod, Head of Research at Goldmoney has forecast the USD hyper inflating by the end of the year.  Does the speed of hyperinflation make his prediction more plausible?  Or is Modern Monetary Theory (MMT) right and the Reserve bank can print as much money as it likes with no consequences?

The 7 Essentials suggests the critical factor enabling businesses to operate in a hyper inflationary environment is finding a stable means of exchange. This enables customers to keep shopping while staff and suppliers can be paid.  In 1922 Germany people finally took matters into their own hands by giving stability to Gold Loan Bonds even though they had no more backing than the hyper inflating mark.

New Zealand is currently the only country in the world where a gold-pegged alternative currency is being developed that could provide monetary stability if fiat money becomes worthless.  RedPill offers a free Zoom presentation for businesses wanting to learn more.