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What Happens to a Country When Hyperinflation Hits?

8/25/2020

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Hyperinflation does not just bring economic chaos.  Here is an account of the spring of 1922 in Germany:

The self-confidence of the country ebbed away along with its prosperity, and as it did so the moral degeneration of the nation and its institutions set in. Pessimism and restlessness grew as sense of security, community spirit and patriotism dwindled. Neither the hatred of French militarism in the abstract and of France in general, nor a growing desire for revenge, were enough to hold together what had been the most law-abiding people in Europe when the very fabric of that nation was crumbling along with its ethical values, and when the moral, material and social ravages of inflation were undermining and immeasurably worsening the condition of both.   

Adam Fergusson When Money Dies: The Nightmare of the Weimar Collapse p.45  Free pdf here: https://www.goldonomic.com/When%20Money%20Dies.pdf

The German people finally took the situation into their own hands by given Gold Loan Bonds stable value.  The same mechanism is at work today with RedPIll – NZ money for the real economy owned by Kiwis – stable, decentralised, free.
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    I live in Christchurch. I love NZ and it is time to give something back. I have three grown up children.  My wife is a GP.  I enjoy trail running, tramping and gardening.  You can see  what I do for a living here.

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