1) The #Hungarian #Pengo has experienced the most serious #hyperinflation in the history of #currencies. This note is a 1 billion-billion Pengo note that became worthless in the matter of weeks. While it seems like history, hyperinflation is real and possible today. 👇 
2) The Hungarian economy could only be stabilized by the introduction of a new currency, and therefore, on 1 August 1946, the Forint was reintroduced at a rate of 400 000 000 000 000 000 000 000 000 000 (400 octillion) = 4×10^29 Pengo, dropping 29 zeros from the old currency. 👇
3) The daily daily inflation rate in Hungary has been increasing since 1938 and in between 1945 and 1946 the daily inflation was over 200 percent! See cost of living index & exchange rate of the pengő with the U.S. dollar(log scale). The cost of living spiraled out of control!👇
4) The Pengő was so worthless that workers on the streets swept 100s of billions of Pengő notes in the gutter on the streets of Budapest. 100s of billions of pengős couldn't buy a dozen of eggs. Hyperinflation happens fast! Pay attention!
The writing was on the wall.
This is a good summary of the highest documented hyperinflation cases in history. Hungary #1, Zimbabwe #2, Yugoslavia #3. At its worst in Hungary, my home country, prices doubled roughly every 15 hours. Now you know why I work on Bitcoin and Gold payment and savings solutions.
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