Monday, August 2, 2010

When Money Dies: The Nightmare of the Weimar Hyper-Inflation


Eric,

This is a book with a lot of buzz- not readily available at a reasonable price I found it at Amazon in the UK Feel free to let your friends know.

There's been a lot of talk and print about it and I bought it to see what hyper-inflation looks like.
Jack

Jack

Jack,

Since the birth of man's awareness of the future, money never dies. It only changes in form.

I have studied hyperinflation from ancient to modern times. It embodies the smell of fear and the feeling of helpless for those unprepared for a currency transition. It is the manifestation of private and public panic - the panic to protect yourself, but neither knowing what to do nor able to do so in a timely manner. Hyperinflation is a crash in confidence of not only those that manage the currency but also the public leadership that surrounds it. Hyperinflation as an event tends to create both a confidence and power vacuum in which new leadership, either benign or sinister, tends to exploit.

Sincerely,
Eric

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