March 18, 2021
Ever hear of the Weimar Republic?
If you follow any of the let’s say “off the main street” media news feeds, you probably have come across someone talking about the Weimar Republic. For those who are reading this and do not know about Weimar, Weimar was the German state from post WWI to pre WWII, 1918 until 1933. If you google this on Wikipdia, they can give you all of the details around the history, political unrest, and you will draw some very interesting conclusions and correlations to today’s times.
For example, there was a lot of political unrest, and the German Reich at the time was a federal constitutional republic. Sound familiar?
Another correlation: hyperinflation. What is hyperinflation? Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. We’re talking about this today because there is a very real possibility that not only are we going to experience hyperinflation, but we may already be in it. Two months ago I paid $50/tank for my vehicle in January and just paid $70 for a tank 2 days ago. In Weimar in 1919, one loaf of bread cost 1 mark; by 1923, the same loaf of bread cost 100 billion marks.
The inflation/hyperinflation train has seemed to have left the station. All we can do now is educate ourselves and take the proper steps to protecting our assets and savings. We are under the belief that real diversification can lead the way, so can having some exposure to Bitcoin which seems to be on the way to becoming the digital equivalent of gold.
The Purchasing Power of the Dollar Dwindles to an All Time Low