Reddit reviews When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
We found 8 Reddit comments about When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany. Here are the top ones, ranked by their Reddit score.
PublicAffairs
if you are interested in detailed story, here is a good book:
Adam Fergusson: When Money Dies
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany by Adam Fergusson
It's also available on Audible.
You have to have the right assets before hyperinflation to be able to really take advantage of the situation. The middle class and below will be squeezed because wages do not keep up with hyperinflation. So, the reality is that your mortgage may disappear as a percentage of your income you will still have trouble getting enough food for your family off of what you make. You just won't have the available money to pay off your mortgage like you might hope.
If you have a credit card, expect the interest rate to increase faster than inflation. Interest rates on all variable rate debt will skyrocket. You do not want to carry any significant debt at a variable interest rates if hyperinflation is a possibility. It will bankrupt you because the banks will control what they can in order to make money.
You might want to read When Money Dies it is a good book to understand the practical implications of hyperinflation.
LOL... yeah, read this:
Fergusson: When Money Dies
Read when money die...
https://www.amazon.com/When-Money-Dies-Devaluation-Hyperinflation/dp/1586489941
Read [When Money Dies] (http://www.amazon.com/When-Money-Dies-Devaluation-Hyperinflation/dp/1586489941) about Weimar Germany for an dea about this. Hyperinflation went on for month after bloody month with a few temporary respites and a couple of new currencies throughout. Get it wrong when you sell your stack and the fiat you get from it could be worthless within a week.
The book also describes a group of young aristocrats who come across a US dollar and are unable to spend the whole thing in one night despite eating out, going to nightclubs, getting taxis etc. because the US money was worth so much compared to their own. Might be a good idea to keep a small amount of foreign fiat in the event of US hyperinflation.
I recommend "When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany"
Here's another good read that explains what it was like...
https://www.amazon.com/When-Money-Dies-Devaluation-Hyperinflation/dp/1586489941