October 11, 2012
OBSERVING GERMANY’S HYPERINFLATION ANNIVERSARY. “In 1920, a loaf of bread soared to $1.20, and then in 1921 it hit $1.35. By the middle of 1922 it was $3.50. At the start of 1923 it rocketed to $700 a loaf. Five months later a loaf went for $1200. By September it was $2 million. A month later it was $670 million (wide spread rioting broke out). The next month it hit $3 billion. By mid month it was $100 billion. Then it all collapsed.” That’s how this kind of thing happens . . . slowly, and then all at once.
Hey, there’s always Dave Voda’s book.