Forgot your password?
Westside Steve, February 6 in POLITICAL DISCUSSION
In other news next year Lowe's will be running a sale on wheelbarrows so you can take enough cash to the Giant Eagle to buy a loaf of bread.
But yes I know Trump Trump trump Trump trump
that there is a Weimar Republic reference, folks.
The hyperinflation crisis, 1923 - The Weimar Republic 1918 ...
Prices ran out of control, for example a loaf of bread, which cost 250 marks in January 1923, had risen to 200,000 million marks in November 1923. By …
A loaf of bread in 1922 cost 200 marks. By 1923 it cost 200,000 million marks. Many people used a barter system and traded items instead of paying with money to get around the problems of hyperinflation. As money became worthless, those with savings lost their money. This especially affected the middle classes.
The hyperinflation crisis led prominent economists and politicians to seek a means to stabilize German currency. In August 1923, an economist, Karl Helfferich, proposed a plan to issue a new currency, the "Roggenmark" ("rye mark"), to be backed by mortgage bonds indexed to the market price of rye grain. The plan was rejected because of the greatly fluctuating price of rye in paper marks.
Beginning of the Weimar Republic imagine in 2022 sink deeper in 2023 inflation spirals out of control Republicans take the House and Senate on Mass in 2022 head Trump runs for dictator in 2024! Then kristallnacht ...
You need to be a member in order to leave a comment
Sign up for a new account in our community. It's easy!
Already have an account? Sign in here.