Rising Stock Markets Won’t Save You if the Currency Goes Down the Tubes
Most readers are familiar with the hyperinflation that plagued the German Weimar Republic in 1922–23. The hyperinflation actually began as early as 1919 in the aftermath of the First World War (1914–18) and the Treaty of Versailles (1919), which established reparations by Germany based on its responsibility for starting the war. 1922 and 1923 were