Click this link for some quotes that pretty much speak for themselves (BBC News). Thanks to King for the link. Here is one quote:
I don't even know if I'll have a job at the end of the week, because there is so much uncertainty. There are so many companies closing down.
It is quite interesting to see people going in banks with bags and sometimes even suitcases.
You know that there are large amounts of money in there - which unfortunately are not going to buy much.
Go to the link for the rest.
"Because my income hasn't risen as much as the prices in the shops, we have had to adjust quite a bit.
"The things that we buy - the groceries at home, the things we get for our two children - we have to buy immediately, as soon as we get the money.
"We know that if we wait a bit, the prices are going to go up again. If we wait another week, we will not be able to afford anything.
"People are taking the money out in suitcases or carrier bags."
I liked this quote best. It shows what is happening to the demand for money. As soon as people get paid in money, they want to get rid of it to buy goods. The demand for money is falling at the same time the supply is rising. This will cause prices to accelerate at an even faster pace than the pace at which the money supply is increasing. People will feel as if there is not enough money to keep up with the rising prices and pressure will be put on the central bank to print even more money. The central bank must resist this pressure and put on the monetary brakes if there is to be any hope for a recovery and slow down in inflation.