Subscribe NOW

Enter your email address:

Text Message our CEO:

650-283-8008

or on twitter

Free Resources

Click Here to learn more

In The Media

When Money Dies

by Larry Chiang on February 15, 2021

By Larry Chiang
Plot spoiler: Money always dies

This is Germany 
Also known as the Weimar Republic because they had to rename it

The problem:



Currently reading “When Money Dies” the history of hyperinflation in Weimar Germany.
One of the wildest aspects I never knew was that early on people all thought they were getting rich.
They were selling hard assets for what they thought were insanely high prices in marks!
 
 
Joe Colangelo
⁦‪@Itsjoeco‬⁩
Currently reading “When Money Dies” the history of hyperinflation in Weimar Germany.

One of the wildest aspects I never knew was that early on people all thought they were getting rich.

They were selling hard assets for what they thought were insanely high prices in marks!

 
2/14/21, 7:47 AM
 
 
 
 
Joe Colangelo
⁦‪@Itsjoeco‬⁩
The author of “When Money Dies” struggles over how to explain the scale of the inflation, because the numbers are so beyond human comprehension.

The most stark example: The German Marks needed to buy one egg in 1923 could have bought 500 BILLION eggs in 1918 pic.twitter.com/4BY0ShGCoO

 
2/14/21, 1:53 PM
 
 

Filed under DEEPLY UNDERSTANDING CURRENCY KNOWLEDGE on WordPress from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on

https://www.YouTube.com/watch?v=ejeIz4EhoJ0

Leave a Comment

Previous post:

Next post: