Showing posts with label weimar germany. Show all posts
Showing posts with label weimar germany. Show all posts
Sunday, July 14, 2013
Hyperinflation, Soaring Food Costs – Will Gold & Silver Save You?
Hyperinflation is an all consuming event that strips away virtually every thread of society. During such events food prices skyrocket. The chances of you having enough money to buy food for your family will be slim. Physical gold and silver act as hard currency to protect assets and purchasing power. Everyone can own them without prior investment knowledge. Holding these assets during times of an economic crisis allows you real money for making transactions, as they’ll be but a few, of the last things of true value left standing.
After WWI the German economy was left eroding as it suffered from massive debt, created by high war costs to fight the war. As the years after WWI continued, Germany's economy steadily got worse. The rapid rise in food costs were among the first things citizens of Weimar experienced. In November 1923 hyperinflation peaked, food costs went absolutely out of control. During its peak, food prices skyrocketed…
Sunday, October 28, 2012
America - Paving Its Way Towards Hyperinflation
All current indications are pointing to Hyperinflation in the United States, and destruction of the dollar sometime within…
Sunday, July 29, 2012
The Weimar Hyperinflation - Could it Happen Again?
These are times where iconic photos taken of the time can be seen in history books. Photos such as a man using his German marks as “wall paper” or of people trying to buy a single loaf of bread while pushing a wheel barrel full of cash around just to pay for it. Another iconic photo of a woman burning her German marks in a woodstove just to keep the bitter cold away. At that time the money was worthless, burning money was cheaper than burning wood to use as fuel for heat. The hyperinflation was so terrible that on November 1st in 1923 at the height of the crisis 1 pound of bread cost 3 billion German marks while a glass of beer cost 4 billion and a pound of meat cost an incredible 36 billion marks.
As the Weimar example shows their devastation and suffering, this could become an economic event to reach America soon enough. Can the United States actually fall into a Weimar Style Hyperinflation?
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