Creating Wealth With Inflation – Lessons from Weimar Germany
+Hans Schoff wrote:
There’s a lot of talk about inflation, deflation, trillion dollar deficits, unfunded liabilities, quantitative easing, stimulus packages, high unemployment… what does it all mean and how does it relate to creating wealth?
First of all, it’s important to review some history to help put it all into some context. As Mark Twain once said,
“History doesn’t repeat itself, but it does rhyme.”
To that point, the US today finds itself with the same kinds of problems governments of the past were stuck with: governments like the Weimar Republic of Germany almost a century ago. With high unemployment, insurmountable debt, a fiat currency (currency not backed by anything with inherent or intrinsic value like gold or silver), rising prices and other causes for concern, the US appears to be heading down a similar path to the one taken by the Germans. The types of issues just mentioned cause lots of change which can create an environment for total destitution for some who are uneducated and uninformed and an incredible opportunity for creating wealth for those who are educated and who are informed.
So first, a quick history lesson on the Weimar Republic of Germany:
Original post can be found here: “Creating Wealth With Inflation – Lessons from Weimar Germany
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Source: https://hansschoff.com/creating-wealth-inflation-lessons-weimar-germany
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Whistler Blowers, Insiders
this is the typical nonsense taught in college eco comics class—total childish bullshit–you can not print money with nothing backing it and germany tried to do that with their commie gooovermint–nothing was backing it because they had nothing!!! kind of like a lot of gooovermints today..the usa gooovermint has a shitload of assets like 19 aircraft carriers and a lot of other shit that will blow anybody off the face of the earth so just try and fuk with usa and you will find out–germany had nothing and after their infamous fall they backed their currency with real estate to get back into the game–yeah there is going to be problems because of massive debt but trump will “trump” everybody with excu order repricing gold at 10,000 per ounce–maybe less or a lot more–that has been done many times in world history–those who have the gold make the rules– yes its possible that ft knox is empty but not likely and if it is usa will take it away like they did during ww2!!!!