When Money Dies

[Libertarian_Guard]

When Money Dies: The Nightmare of the Weimar Collapse

http://www.goldonomic.com/When%20Money%20Dies.pdf


http://i49.tinypic.com/2r2tyxl.jpg

[Spectrism]

When Money Dies: The Nightmare of the Weimar Collapse

http://www.goldonomic.com/When%20Money%20Dies.pdf




Looks interesting.... I saved for later read.

[mamboni]

I read the book a few weeks ago. It's a hard read as it is not particularly well written and is distracted by mention of so many names of people, institutions and companies. What is remarkable to me is how the German people went with the inflation and tried to survive it. It occurred to very few to buy gold and silver. And once the inflation took hold, working people were impoverished quickly and couldn't afford gold and silver.

This aspect of the Weimar hyperinflation reminds me of the US today, notwithstanding that the dollar is the world reserve currency whihc blunts inflationary impact of monetization. The basic dynamics which lead to hyperinflation:

1. WWI war reparations force central bank to monetize and desert the gold standard
2. marks return to Germany to begin price inflation
3. workers are predominantly in government-run unions and demand wage increases for higher cost of living
4. government runs deficits to pay wage increases
5. private economy deteriorates and tax receipts decrease as people avoid paying taxes and barter
6. government expenditures cannot catch inflationary increases in cost of living
7. central bank monetizes ever increasing government debt to satisfy union wage increases
8. back to #3 and repeat over and over
9. inflation turns in to hyperinflation
10. mark collapses and a new currency is introduced. Vast majority lose everything from savings to pensions to investments

[SWRichmond]

I don't think very many people understand the real question: how did the Germans re-arm? Where did they get the capital to build their military machine? Haven't you ever wondered?

http://www.zerohedge.com/news/2012-12-23/hjalmar-schacht-german-pre-war-re-armament-and-%E2%80%9Cnational-defense-resources-preparedn

[Ponce]

Hey Doc.......I always said the PM will go up only when the people take control of it by buying more than what is out there, but......when I say "people" I am taking about those from overseas, like China-Russia-India-HongKong and so on, the reason for this is that those in the US are already broke and unable to buy any..................to the contrary, the average John Doe, that have some put away, pretty soon will have to sell it in order to survive.

I also said that the future cannot be judged by the past because in are now in a new stadium with a new game and rules, I am happy to say that last night I saw a coat and tie guy saying the same thing........better late than never, even if it is to late to think that way.

And that's why I have been getting ready for all.......so that I don't have to be afraid of none.

[Golden]

I haven't read the pdf but the title bothers me.
Money does not die.

[Ponce]

Golden? if you are thinking of the green backs we will then get back the same monster but with a different face......as far as I am concern the only real money is PM

[Golden]

Golden? if you are thinking of the green backs we will then get back the same monster but with a different face......as far as I am concern the only real money is PM

Ponce? Do you exchange duopoly government backed private issued debt notes for government issued numismatics or government issued bullion? :D

[osoab]

http://www.financialsense.com/financial-sense-newshour/big-picture/2010/10/16/02/adam-fergusson-vitaliy-katsenelson/when-money-dies-problems-for-japan-china

October 2010 interview with Adam Fergusson on Financial Sense.