Few people understood what had happened. Even today, three generations later, much of it sounds pretty incredible.
Take for example the family that sold its house to emigrate to America. On arrival at the port of Hamburg, they found that the money wasn't enough to pay for their crossing -- in fact, it didn't even pay for their tickets back home. Then there was the man who drank two cups of coffee at 5,000 marks each, only to be presented with a bill for 14,000. When he asked why this was he was told he should have ordered the coffees at the same time because the price had gone up in between. And then there's the story about the couple that took a few hundred million marks to the theater box office hoping to see a show, but discovered it wasn't nearly enough. Tickets were now a billion marks each.
—and back then those that bought gold jewelry were able to sell it at a million times the purchase price.
What’s happening now is there are folks on these threads that recently bought gold for $1,900 and were later happy to sell it for $1,200. You’re right though, these times are similar to the early 1920’s, but instead of Hamburg we’re in Moscow and the very real problem is not the fed with our money it’s the Marxists with our entire economy.
imho the Freerepublic has a serious problem with trolls that want us to be anti-bank when we should be anti-Bolshevik.