Saturday, Feb 27, 2010
Now that's what I call inflation!
Zero Hedge: Is Ben Bernanke The Second Coming Of Rudolf von Havenstein, The Central Banker Responsible For Germany's Hyperinflationary Collapse (And Ostensibly WWII)?
Dylan Grice provides a gripping account of Germany's hyperinflationary episode, in which he charts the extended parallels between not just the precursor economy that lead to a 16,579,999% inflation in 1923 Weimar Germany, and modern day developed (and highly leveraged) countries, but between Germany's then central banker Rudolf von Havenstein, and the Greenspan-Bernanke duo.
Posted by devo @ 12:04 AM (494 views) Add Comment
2 Comments
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1. freemanphil said...
Looks like we are just exiting the plateaux section right now. Looking at gold charts, they are exponential, each new leg up is steeper than the last, and it charts towards vertical within the next few years.
2. freemanphil said...
But, you get patterns within patterns, of course, we haven't got to 5,300%, tho this has occurred, flowing into derivatives. Question is, when will it flow out and affect prices on the ground? We've already had the wholesale destruction of small businesses, and the corporate sector have maintained incredible control, still providing us goods via their outlets.