[Skybird]

Since world war 2, there have been over 50 hyperinflations in several nations worldwide. Hyperinflation if defined as a yearly inflation rate above 50%.

Smaller high-inflations not counted. Then you would be in the three-digit range. Deeply. Where there are paper money regimes, there are inflations. That is the purpose of why politicians have enforced paper money regimes, the only reason why paper money was enforced. So that politicians no longer get limited in their spending frenzies by market inhibitions and limited availability of tradable quantities of something (money in this case). If our money would be based on - for example - gold instead of toilet paper, we would not have the insane debts there are today - it is not possible to raise such debts with limited quantities of money. At least if people do not endlessly accept mere claims without securities as a payment.

The point is that limited availability is what raises the market value of something's intrinsic value, and huge availability reduces its intrinsic/market value. Thats is why paper money is worth nothing. It can get inflated in quantity as you pleases. Single grains of sand are worth nothign for the same reason.The hyperinflation money in the picture at least has had the intrinsic value to be used to fire ovens.

That precious metals trader got it right. That he uses the definition of intrinsic value correctly for his advertising does not change the fact that he correctly explains the term as it is being used and understood in economics. Because that is what it is: a known term used in economics. You cannot just stroll along in this form and redefine it and distort it so that it suddenly fits your queer worldviews. "Up" still ranks above "bottom" and "front" before "back" - even if you claim that it would be better if it would not mean this, but something different.

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And now back to the topic. German politics.