My investment in Yen, or Euros, will stay valuable when you need a wheelbarrow of dollars to buy a loaf of bread.And if you sell.... you'll be paid in dollars. So then what?
If you knew that the country was going step off the hyperinflation cliff. As the dollar blows up. My investments will not be in dollars. What is the weimar republic? and what does the weimar republic have to do with this conversation?
Post WW1 Germany had invaded other countries and the rest of the world got together and beat the snot out of Germany.
What did Germany look like after the rest of world beat them up? Hammered dog poo poo! As part of the surrender documents they agreed to pay war reparations.
They didn’t have the money so they fired up the printing presses. At the onset, 1 American dollar would get about 4 german German Papiermarks. When they replaced the German Papiermark with the new german currency backed by German real estate the exchange rate had spiraled to 4.2 trillion to one US dollar.
When you know what they are going to do. Why would you want to play?
Last year they printed up 1.9 trillion and handed it out like candy. They didn’t borrow it, or tax it. This is called monetizing the debt. Printing money dilutes the value of the dollar.
The definition of inflation is too many dollars chasing too few goods. All the dollars bought up the existing supplies, while no replacements were being made.
In any situation, there are 3 types of people. Those who know what is going to happen before it happens. Those who know what is happening, while it is happening. And the masses, who shrug their shoulders, and say ‘what happened’?
I know history, Those who refuse to learn from history are doomed to repeat it.