The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (73467)	11/1/2006 9:06:39 PM
From: bart13	Read Replies (2) of 110194

I've also studied Wiemar quite a bit and indeed the two situations are different, but the amount of rhyming is what I was referring to. Same with Argentina. I was simply addressing your comment about bonds with a different perspective. On the Wiemar printing presses, the truly huge acceleration did not start until well into 1922 and I was careful to only note interest rates up through January 1922 in my perspective. Plus, the T-Bill equivalent growth rate was not as far from the currency growth rate as you may be aware of - the difference was only a factor of about 1000:1, and when we're talking hundreds of trillions that's not a lot. I also submit (now on the late Wiemar period) that it doesn't matter a lot how a hyperinflation happens, whether its via credit or currency or wampum or velocity, etc. When that ridiculous amount of created money hits an economy, it matters little how it was created. Here's a rather interesting chart from the Bresciani-Turroni tables - in the final stages in late 1923, the cost of living actually tripled in gold:

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