Hyperinflation

How the United States Dollar Became Worth Less Than Toilet Paper

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Did you know that according to Statista.com, the average cost of a roll of toilet paper is almost $8?

I can’t be the only one thinking about the high cost of everything. None of us need to be math majors to realize how shockingly expensive everything from education, gasoline, food, and toilet paper has become.

As it turns out, toilet paper is the perfect analogy for what’s happening to the dollar. This article explains how hyperinflation continues to happen. And by golly, let’s pray we don’t go back to hoarding toilet paper, people.

Even though it’s probably true that no matter what, most of us will pony up whatever it takes to find T.P. for our bungholes, let’s take a look at how the U.S. dollar has become worth less than toilet paper.

1. On April 5, 1933, under the leadership of President Theodore Roosevelt, the United States government ordered all gold coins and gold certificates in denominations of more than $100 turned in for paper. Americans coughed up all gold coins, bullion, and certificates and turned them over to the Federal Reserve before May 1. (Source: History.com)
2. The government told us not to worry. The story was the dollar would always stay pegged to the price of gold. It…