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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (77954)5/21/2008 4:29:27 PM
From: JBTFD  Read Replies (4) | Respond to of 116555
 
Weimar inflation is probably the most extreme example of inflation in world history:

July 1922 493 Marks to the US$
Dec 1922 7,592 Marks to the US$
Jan 1923 18,000 Marks to the US$
July 1923 353,000 Marks to the US$
August 1923 4,620,000 Marks to the US$
November 1923 4,200,000,000,000 Marks to the US$

(Source "A Century of War" pp71-72)

18 months.......

In my opinion this was a deliberate destruction of the middle class in Germany at that time.


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