Spotted over at The Prudent Investor, this BBC documentary details the events that led up to the great Weimar hyper-inflation of the early 1920s. If you have 20 minutes or so to kill while waiting for the leaders to tee off at the PGA Championship, this is a great way to do it.
Parts two is below and this Wikipedia chart shows how bad things got in 1923.
YouTube has a new feature that lets you make the video any size you want – pretty neat!
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
The print-oriented may want to try Ambrose Evans-Pritchard’s chilling summary of Chapter 17 in Dying of Money: Lessons of the Great German and American Inflations, a rare book that apparently has become the must-have guilty-pleasure read for central bankers:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7909432/The-Death-of-Paper-Money.html
As our esteemed blogger here at Mess is wont to say: “Oh my!”
“QE (money printing) is likely permanent and the Fed is intent on monetizing debt contrary to what they say. I don’t care what anyone says this action will eventually lead to high inflation. It also shows how duplicitous and deceitful the Federal Reserve really is.”
I didn’t receive the cement boots that the Canadian gvt tried to ship me 3 times in the past. Beware when I finally get it and start to kick around…
Wayne, find “When money dies” free here:
http://prudentinvestor.blogspot.com/2010/07/when-money-dies-by-ferguson-can-be-read.html
and here is also “The Dying of Money”:
http://prudentinvestor.blogspot.com/2010/07/read-sought-after-dying-of-money-on.html