I am wondering if any readers have lived through hyperinflation and what was their first clue that hyperinflation was coming? Or if people have read any real life examples someplace on the net if they can say how people first became aware hyperinflation was coming (links if you have them). Like did foreign exchange rates change first? Did food go up first?
One place I read that stock markets in Germany, Zimbabwe, and Venezuala went up early on. I note that Japan's stock market is well up. It seems that when people get worried about money one of the first things they do is buy stocks. So this seems a good clue.
Another early way is when the government robs the central bank of its foreign reserves. Using the "backing view" in my many explanations of hyperinflation we can tell this will cause hyperinflation.
People rushing to get out of bonds while the central bank is buying also seems a good warning.
It would be nice if there were people who had already had success in detecting hyperinflation ahead of time and we could find how they did it. I don't mean predicting that sometime there will be hyperinflation but I mean in telling when something has already started but before the prices are going up fast.
Thanks for any help anyone can provide.