HYPERINFLATION DESTRUCTION OF WHAT REMAINS
Will You Survive The Coming Financial Crash 25
© 2005 Kent Daniel Bentkowski
going out than in. I have a hard time thinking of any outcome from this that involves an
appreciating dollar
."
I will leave it to you, dear reader, to decide why it is that comments like this are made to
insiders, while the public remains uninformed about these issues?
HYPERINFLATION DESTRUCTION OF WHAT REMAINS
:
All the above fundamentals provide a fertile ground in which hyperinflation can take over
the economy of the United States. For those unfamiliar with the term, hyperinflation is
simply monetary inflation that occurs at a very rapid and dangerous rate. In fact, the USA
could itself experience what befell Germany in 1923, when a period of hyperinflation
created the economic impetus which opened the door for Adolph Hitler, and the tyranny
that followed. Things have gotten so out of hand here in the United States, that a similar
period of hyperinflation grows in probability by the day.
Hyperinflation is a financial catastrophe that is much worse than bankruptcy, and is also
much worse than either a recession or depression. In the history of the world, there has
never been one single currency that has avoided its' own demise. It is never a matter of if
the demise will occur, but when the demise finally comes. In 1919, the largest printed
paper note in Germany was the 100 mark note, which was roughly equivalent in value to
the U.S. dollar in a 1:1 ratio. During this time, any person that had $50,000.00 in the
bank could live quite comfortably. This was during the time when I was told by my
grandfather that milk was ten-cents a gallon, and bread was a mere five-cents a loaf.
According to the How Much is That Worth Today? website, whatever goods one could
purchase for $1.00 US$ in 1919, now cost $10.63 in the year 2003, the last year for
which this data has been compiled.
However, in the summer of 1922, something bad started to take place within Germany.
The horror of hyperinflation became reality. Only three years previous, a German citizen
could obtain an ounce of silver for only 12 German Marks, and an ounce of gold for 170
German Marks. By May 1922, the situation had drastically changed. The table below
shows the effect of hyperinflation, and how quickly it takes hold of the economy. By the
time the typical person becomes aware of such a thing as hyperinflation, it is already too
late in which to do anything to protect themselves and their loved-ones. One of the
primary reasons I wrote this report, was to help with the understanding of the current
situation in which we find ourselves, in an effort to help avoid devastating bankruptcies
across the board.
The chart on the following page highlights the financial trouble brought on by
hyperinflation, in Wiemar, Germany from 1919 to 1923. The same troubles await the USA,
in 2005:
