Hyperinflation : Germany 1923 – USA 2013

10 Milliarden Mark - 12 August 1923 / wikimedia

10 Milliarden Mark – 12 August 1923 / wikimedia

Thorsten Polleit:

“(…) the result of a deliberate political decision
to increase the quantity of money
de facto without any limit.”

Unbacked paper money is political money
and as such it is a disruptive element
in a system of free markets.”

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Jim Willie on the Permanent QE: ‘Bankers are determined to ruin the entire system in order to retain power’

Five Million Mark Note – Hyper inflation german Reichsmark of July 1923 / Wikimedia *

“The growth of the monetary base has been staggering high since the financial crisis broke in September 2008 with the collapse of Lehman Brothers. Since the end of August 2008, the monetary base has risen from $877 billion to $2,651 billion as of September 2012. That is a giant 3-fold rise. Witness the American Weimar era, its final chapter. Continue reading

The GOLD standard: Absolutely inevitable

US dollar value going down / Source: goldswitzerland.com

“So where will the value of paper money go? I’m very sure where it’s going to go, but you only have to take a look at that kind of graph to see where it’s going to go.”

“In the globalized, synchronized, meshed world of paper money today, every single paper money in the world is interlinked, and I am absolutely convinced, mathematically certain, that when one goes, they’ll all go. Absolutely. And this brings us to the situation where when every single paper currencies collapses at the same time, not only has the money collapsed but surely the validity of the issuing authority has collapsed, too. And I believe for the first time in recorded history, this collapse will see the credibility of governments as organizers of the money supply brought very much into question.” (emphasis added) – Philip Barton, president of The Gold Standard Institute

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