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When Money Dies: The Nightmare of the Weimar Collapse

What happens when money dies? When bankers flood the market with worthless currency? And when that very act creates hyperinflation?

Written in 1975 by Adam Fergusson, one-time adviser to Britain's Conservative minister Lord Howe, "When Money Dies" details how the German economy was ruined by hyperinflation after the Weimar government allowed public spending to run amok (the collapse of the Weimar Republic cleared the way for Hitler's Nazis to seize power in 1933).

This personal account of the death of the German mark emphasizes how hyperinflation affected the lives of ordinary German people, not just the political and business elites. Fergusson describes how Germany's central bank, owned and controlled by the Rothschild banking family, wreaked havoc over the country for a decade or more. While inflation (and later hyperinflation) destroyed Germany's economic base and stripped individuals of their freedom and liberty, ultimately the worst after-effect was psychological. We might hope that politicians would have learned from the lessons of the past; unfortunately, central banks around the world now have the ability to create credit with a keystroke - they don't even require a printing press.

This means the potential for a soaring money supply, and burgeoning inflation, is an ever-present danger.