North Korea Sharply Revalues Its Currency

Friends of mine have often asked what to expect in the event that we enter into a hyperinflationary period with the teetering dollar and, without fail, the Currency Revaluation is the one aspect that they never considered. Imagine waking up in the morning to find your bank balances have been reduced by a factor of 100-to-1 and that you must turn in any cash you might be holding for new bills on the same 100-to-1 ratio.

Are you prepared to feed yourself and your family until society has had sufficient time to adjust to the new paradigm?

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North Korea Sharply Revalues Its Currency - Telegraph: "In an alleged bid to curb inflation and suppress its growing black market, North Korea implemented a currency revaluation on Monday, according to Yonhap, the South Korean news agency.

The exchange rate between old and new currencies is 100 to 1, with the old denomination of 1,000 won notes being replaced by 10 won notes..."