.
The Nightmare German Inflation
Originally published December 08th, 2008
6917 words - Reading time : 17 - 27 minutes
.
"The ones who fared best were the small minority who had the foresight to exchange marks into foreign money or gold very early, before new laws made this difficult and before the mark lost too much value."
.
Foreword: The many parallels between 1924 Germany and present-day United States are cause for concern. Though the U.S. has not yet reached the depths to which Germany descended in that era, few can look at the constant depreciation of the dollar since the early 1970's and fail to be alarmed. It seems contemporary America differs from 1924 Germany only in the duration between cause and effect. While the German experience was compressed over a few short years, the effects of the American inflation have been more drawn out.
In my view, this has occurred for two good reasons:
Rest in volledig artikel :
http://www.24hgold.com/english/news-gol ... butor=Gold
) Maar meer dan 6$ verschil in 'n weinig volatieve periode was mij toch redelijk wat...
