Sgt Staples
Mayor
It's called HYPERINFLATION and it's what happens when a country goes into excessive debt.
A look at our past from the future.
In, 2012 a loaf of bread cost $1.63
By September 2014, , this figure had reached $15,000 and at the peak of hyperinflation, November 2015, a loaf of bread cost $200,000.
Now, substitute 'Marks' for 'dollars.' and you'll see where we are headed.
Hyperinflation and Weimar Germany
>>>>n 1922, a loaf of bread cost 163 marks.
By September 1923, this figure had reached 1,500,000 marks and at the peak of hyperinflation, November 1923, a loaf of bread cost 200,000,000,000 marks.<<<<
The impact of hyperinflation was huge :
People were paid by the hour and rushed to pass money to loved ones so that it could be spent before its value meant it was worthless.
People had to shop with wheel barrows full of money
Bartering became common - exchanging something for something else but not accepting money for it. Bartering had been common in Medieval times!
Pensioners on fixed incomes suffered as pensions became worthless.
Restaurants did not print menus as by the time food arrive…the price had gone up!
The poor became even poorer and the winter of 1923 meant that many lived in freezing conditions burning furniture to get some heat.
The very rich suffered least because they had sufficient contacts to get food etc. Most of the very rich were land owners and could produce food on their own estates.
The group that suffered a great deal - proportional to their income - was the middle class. Their hard earned savings disappeared overnight. They did not have the wealth or land to fall back on as the rich had. Many middle class families had to sell family heirlooms to survive. It is not surprising that many of those middle class who suffered in 1923, were to turn to Hitler (Obama) and the Nazi Party.
This is Obama's plan. Destroy the currency, destroy the economy and then destroy the free civil society and establish TOTAL government control.
And he's doing it before our very eyes.
But YEAH, the stock market's up.
Bunch of damn dummies.
http://www.historylearningsite.co.uk/hyperinflation_weimar_germany.htm
A look at our past from the future.
In, 2012 a loaf of bread cost $1.63
By September 2014, , this figure had reached $15,000 and at the peak of hyperinflation, November 2015, a loaf of bread cost $200,000.
Now, substitute 'Marks' for 'dollars.' and you'll see where we are headed.
Hyperinflation and Weimar Germany
>>>>n 1922, a loaf of bread cost 163 marks.
By September 1923, this figure had reached 1,500,000 marks and at the peak of hyperinflation, November 1923, a loaf of bread cost 200,000,000,000 marks.<<<<
The impact of hyperinflation was huge :
People were paid by the hour and rushed to pass money to loved ones so that it could be spent before its value meant it was worthless.
People had to shop with wheel barrows full of money
Bartering became common - exchanging something for something else but not accepting money for it. Bartering had been common in Medieval times!
Pensioners on fixed incomes suffered as pensions became worthless.
Restaurants did not print menus as by the time food arrive…the price had gone up!
The poor became even poorer and the winter of 1923 meant that many lived in freezing conditions burning furniture to get some heat.
The very rich suffered least because they had sufficient contacts to get food etc. Most of the very rich were land owners and could produce food on their own estates.
The group that suffered a great deal - proportional to their income - was the middle class. Their hard earned savings disappeared overnight. They did not have the wealth or land to fall back on as the rich had. Many middle class families had to sell family heirlooms to survive. It is not surprising that many of those middle class who suffered in 1923, were to turn to Hitler (Obama) and the Nazi Party.
This is Obama's plan. Destroy the currency, destroy the economy and then destroy the free civil society and establish TOTAL government control.
And he's doing it before our very eyes.
But YEAH, the stock market's up.
Bunch of damn dummies.
http://www.historylearningsite.co.uk/hyperinflation_weimar_germany.htm
