Lessons From The Weimar Republic

wealthymatters.comInflation causes a lot of change which can impoverish the majority but at the same time provide  incredible opportunity for creating wealth for those who are educated and informed.So why not read the story below and benefit a little?

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

%d bloggers like this: