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Weimar Germany and the US dollar Is what happened in Zimbabwe recently or in W
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2014 Jul 10, 10:38pm 743 views 3 comments
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MisdemeanorRebel
2014 Jul 11, 1:25am
Yes, it's impossible.
Weimar was a political decision, made deliberately, to get out from under crushing War Debt imposed by the "Allies".
Zimbabwe is a desperate reaction to colonialism.
Neither country had the world reserve currency or anything like it at the time.
Also, neither country was chock full of Russian and Chinese Oligarchs hiding cash. Half of Miami Beach Condos are owned by Eastern European Mafiosos.
Rin
2014 Jul 11, 1:29am
If it happened, every other fiat currency, including the Pound Sterling, Euro, Yen, etc, would plunge with the dollar.
And thus, simply having a portfolio of ~10% precious metal, will save you from hyperinflation as that 10% would suddenly be worth the full 100%.
Thus, don't worry about it.
Rin
2014 Jul 11, 1:33am
And thus, simply having a portfolio of ~10% precious metal, will save you from hyperinflation as that 10% would suddenly be worth the full 100%.
Oh, and if you didn't buy gold, before it broke $1100/oz, don't bother for a long while.
Weimar Germany and the US dollar – Is what happened in Zimbabwe recently or in Weimar Germany in the 1920′s impossible in the US?
Read more at http://investmentwatchblog.com/weimar-germany-and-the-us-dollar-is-what-happened-in-zimbabwe-recently-or-in-weimar-germany-in-the-1920s-impossible-in-the-us/#scH6cvxkRj25vm3p.99