Bitcoin 8 connections
Watch: Fall of the Fourth Reich – Empire of Debt (Micro-Doc)
A new documentary from highlights the similarities between modern day America and the German Weimar Republic, one of the most infamous examples of out-of-control hyperinflation in history.
The chickens were coming home to roost. Life was hard for many people.
The national debt had risen to a point that it could not be realistically paid back.
The war had cost more than expected.
There was high unemployment.
Products and services increased in price.
Production had decreased significantly.
The government acted, providing liquidity to banks and inflating the currency.
Having left the gold standard, uncertainty loomed and the country’s economy began to spiral out of control.
Sound familiar?
This was Germany, 1920.
