Gold During The Weimar Republic

I thought I would share with you what happened to the Weimar Republic during post World War I Germany. After the war the victors mandated that Germany pay war reparations to the countries they plundered. The Germans operated many printing presses 24/7 to make the payments. Hyper-inflation ensued and in less than four years the Mark crashed. Where it only took 170 Marks to buy one ounce of gold in January 1919, it took 87 million Marks to buy just one ounce of gold in November 1923. The only people who had any wealth left owned tangible assets, especially gold. Could this happen to the dollar? You bet it could if we continue to inflate the money supply. Scroll down the posts and see the chart I posted for you earlier this week, money supply is virtually exploding-Lou

One Ounce Of Gold In
German Marks

January 1919 170
September 1919 499
January 1920 1,340
September 1920 1,201
January 1921 1,349
September 1921 2,175
January 1922 3,976
September 1922 30,381
January 1923 372,477
September 1923 269,439,000
Oct 2, 1923 6,631,749,000
Oct 9, 1923 24,868,950,000
Oct 16, 1923 84,969,072,000
Oct 23, 1923 1,160,552,882,000
Oct 30, 1923 1,347,070,000,000
Nov 5, 1923 8,700,000,000,000
Nov 30, 1923 87,000,000,000,000