winners and losers under hyperinflation in Germany
- Thread starter zdreg
- Start date
We saw something similar in Turkey, 1982-2005.
Their stock market went up over 2,000,000% during that time. But even those who were long for the entire ride still lost 98% of their buying power when the currency was revalued.
At the peak of inflation, a cup of coffee cost $3,000,000.00
Someone in an earlier post mentioned "those who got rich" during the inflation. I can't even imagine who that might be or how they did it. (Actually, I doubt anyone did... just seems like "somebody" should have during all that turmoil.)
Big inflation bankrupts nearly 100% of the citizenry...
Their stock market went up over 2,000,000% during that time. But even those who were long for the entire ride still lost 98% of their buying power when the currency was revalued.
At the peak of inflation, a cup of coffee cost $3,000,000.00
Someone in an earlier post mentioned "those who got rich" during the inflation. I can't even imagine who that might be or how they did it. (Actually, I doubt anyone did... just seems like "somebody" should have during all that turmoil.)
Big inflation bankrupts nearly 100% of the citizenry...
http://nowandfutures.com/us_weimar.html
German stock market at 21,400 in January and rose to 26,890,000 in November at the peak.
according to these numbers it rose 1200X
having stable fiat currency is definitely possible and doable
But in that case criminal banking cartels (private central bankers) can't use it to steal from people every day
they can't support their GOD-LIKE lifestyles
so we always end up with fiat currency with interest paid to Bankers.
http://video.google.com/videoplay?docid=-515319560256183936#
But in that case criminal banking cartels (private central bankers) can't use it to steal from people every day
they can't support their GOD-LIKE lifestyles
so we always end up with fiat currency with interest paid to Bankers.
http://video.google.com/videoplay?docid=-515319560256183936#
The US may be intellectually past the 'tipping point', but as long as it can find buyers for Treasuries (mainly Asian central banks) then the game can continue.
I'd be more concerned about the PIIGS being past the tipping point, and what happens if and when holders of PIIGS govt debt are forced to take haircuts on their bonds.