Factor In Deflation
January 26, 2016 Leave a comment
No matter what your financial dreams for the future, factor in deflation to succeed.
For Whom Wealth Matters
January 26, 2016 Leave a comment
No matter what your financial dreams for the future, factor in deflation to succeed.
April 6, 2011 5 Comments
July 24, 1914 – The depreciation of Germany’s currency, the Reichsmark, began when the Reichsbank (Germany’s central bank) suspended gold convertibility on the Reichsmark, meaning you could no longer trade in your Reichsmarks for actual gold. From that point forward there was no limitation to the amount of money the Reichsbank could then create (money backed by nothing, basically just printed out of thin air and placed into the system thereby reducing the value of the existing currency, ie, inflation). Read more of this post