Currency Crises Ki Darawni Tareekh
Agar aapko lagta hai ke Central Banks ka yeh over-printing system sirf bank balance thoda kam karta hai, toh zara history ke un pannon ko dekhiye jahan paisa specially aur literally 'raakh' (ash) ban gaya.
Jab koi government apne massive karz (debt) chukane ke liye bina soche samjhe Note-chhapne ki machine (Mint) chalati rehti hai, toh situation public ke control se bahar ho jati hai. Isey 'Hyperinflation' kehte hain. Aisi halat mein logon ka trust fiat currency par se puri tarah uth jata hai.
1923 ke Germany (Weimar Republic) mein inflation itna tha ke log restaurant mein khane ka bill khana mangwanay se PEHLE pay karte the, kyunkay jab tak khana meiz par aata aur khatam hota, qeemat dugni (double) ho chuki hoti thi!
Zimbabwe (2008) mein mehangai is level par gayi ke ek anday (egg) ki qeemat 50 Billion dollar ban gayi thi. Hal hi mein Venezuela (2018) aur Lebanon mein bhi yahi haal dekha gaya jahan log shopping karne ke liye notes ko ginte (count) nahi the, balki balance scale par unka wazan (weigh) karte the.
Sochiye: Agar aap jante hon ke aaj jo 1 Lakh ki saving aapke paas hai, kal subah uski value market mein gir kar sirf Rs 10 reh jayegi, toh kya aap saving karenge ya apna paisa fauran kharach kar denge?
Key Takeaway
Fiat Currency (hukmati paisa) ki sabse badi kamzori uski be-inteha chapayi (over-supply) hai. Jab hadh paar ho jaye toh 'Currency Crisis' yaani hyperinflation aati hai aur aam logo ki saari umar ki jama poonji raakh ho jaati hai.