https://keripeardon.wordpress.com/2013/06/01/wheelbarrows-of-money-and-the-weimar-republic/
From the link:
“My father was a lawyer,” says Walter Levy, an internationally known German-born oil consultant in New York, “and he had taken out an insurance policy in 1903, and every month he had made the payments faithfully. It was a 20-year policy, and when it came due, he cashed it in and bought a single loaf of bread.”
We all know what became of Germany in the years following the Weimar inflation. Fortunately, I don't think we need to fear a similar blowback from Venezuela. It's that mañana culture, dontcha know! Internal threats are more urgent.
The stories from Weimar Germany were incredible; getting paid twice a day so you could shop at lunchtime to avoid the price increases of the next few hours, prices changing on menus while you ate...
And to think, in 1915, one of the best investments Wall Street offered was Imperial German War Bonds for American investors.