A lesson from the Weimer Republic – Hyper-Inflation
Have you ever heard of the Weimer Republic? This was the government of Germany after World War I. Their economic policies lead to a disastrous period of inflation for their national currency, the Mark. There were multiple factors in this hyper-inflation tragedy, just as there are effecting the dollar today. They used a method of borrowing heavily and printing large quantities of unbacked currency.
Does that sound familiar at all? It didn’t happen all at once. In 1919 you could get 4.2 Marks for one U.S. dollar. This increased bit by bit until 2 years later the exchange rate was 75 marks per dollar. In another 2 years the inflation rate exponentially exploded. In January it was 7,000 marks per dollar. In July it was 160,000 marks per dollar. In August of 1923 it reached a million marks per dollar. In November it went from 1.3 billion marks per dollar on November 1st to 1.3 trillion marks per dollar on the 15th, and 4.2 trillion marks per dollar on November 16th 1923.
The currency became so worthless, children played with piles of the currency in the streets! Can this happen here? Well yes, it's starting! Protect yourself - Start Here
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| | | There is no better time than right now to diversify your savings - instead of being paid next to nothing for any savings account, put a portion aside every month into silver and gold. I'll show you how to put this on auto-pilot.
Book a call and I'll show you evidence of what has occurred for me within the past few years and it is going to escalate. Book a call with me now right here.
Talk to you soon. To Your Success, Paul Hanson 8005-905-3533
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