Imagine having enough savings in the bank to effortlessly retire.
Then, six months later, that same money can’t even buy a coffee.
That’s what happens during hyperinflation – and in today’s infographic, we examine the events leading up to the most famous hyperinflation in history.
(Just two calendar years after the end of the war, the Papiermark was worth 10% of its original value. By the end of 1923, it took 1 trillion Papiermarks to buy a single Goldmark.
All cash savings had lost their value, and the prudent German middleclass savers were inexplicably punished….continue reading and viewing a much longer and larger image HERE