Link to a 5 page article by Adam Fergusson, based on his classic book. http://www.monadnocktaxpayers.org/pd...money_dies.pdf Excellent read about the Weimar currency destruction.
Money is no more than a medium of exchange. Only when it has a value acknowledged by more than one person can it be used
"When Money Dies" is the classic history of what happens when a nation's currency depreciates beyond recovery.
Every day I talk to someone else that purchased gold and/or silver. The feeling related to me of having something of value is very comforting. I do not tell people to invest in gold or silver. I tell people to buy gold and silver as insurance. Gold and silver is the only insurance that retains value even if you never need the protection
Without food, life can be shorter still. At the top of the scale, the most valuable commodities are water and air. For the destitute in Germany,whose money had no exchange value,existence came very near these metaphysical conceptions. It had been so in the war.
Amen Brother, Like the bible says, the servant that buried the masters gold was chastised for making a bad investment but it still served its purpose as insurance.
Banks low rate of interest, stock market unpredictable, mutual funds do not grantee safe returns, any other business no grantee of returns. Only thing left is gold and silver, but yes one more thing which is a good money value is property other then precious metals.
Just makes me think of that famous quote: "Paper currency will always resort to it's inherent value, nothing."
Excellent read, thanks for posting it. I do believe that monies are only a form of exhange for goods and services. Bartering is another way, so the collapse of monies do not really affect how we can purchase goods and services. We just need to find something else to exchange to get what we need.
