But inflation has already destroyed the savings accumulated before the Soviet Union broke up in December 1991, making the impact of the monetary reform less harsh on individuals.

Michel Camdessus, the fund's managing director, said at a news conference here that "inflation could still destroy the recovery" unless major countries devised an appropriate strategy for prolonging the current economic upswing.

In Germany, runaway inflation and the two world wars twice destroyed the entire life savings that earlier generations had counted on to pay for their retirements.

Abel Rosenberg is an American Jew in Berlin after World War I. Poverty and inflation have destroyed the German economy at the time.

Rampant inflation and an ever-expanding population destroyed the bureaucrats' ability to provide.

The inflation of 1923, however, destroyed her wealth and she was forced to look for work.

"From bitter historical experience, we know how quickly inflation destroys confidence in the reliability of political institutions and ends up endangering democracy," he said.

High inflation with low savings will destroy pensioners and others savings.

The inflation of authority is destroying our state and society in a more frightening way than any other.