>>60908449
>How is this relavent?
It's relevant because it gives away how little of it there truly is. The physical silver market is too small to handle the capital flows from credit assets.
>>60908449
>Lmao how's your degree in commercial banking working out?
Investment banking* Life is good. How's crawling out of the Dalit class going for you?

I just started reading "When money dies" and it's interesting so far.
The point out that the government debt was all paid off a year before the hyper inflation, and there was an incredible class division as the stock market was rising precipitously. Some people were partying hard but plenty of people were also extremely uneasy about their newfound wealth. Economic misery was everywhere in the streets as prices were rising and peoples wages were constantly seeming to fall behind and stagnate. Pensioners were the first to fall behind and become destitute. Fortunately, the work ethic of the German and Austrian people was high so many people did continue to go to work for less and less pay.
From their viewpoint, they saw other currencies rising in value and thought they were under attack and not having the perspective that it was their currency that was undervalued. People sometimes thought they were going to get a good deal and bought German Marks at a massive discount, along with warbonds etc only to find out that they jumped into the fire.
The most important thing to take away here are the headfakes and the misguided sense of wealth from rising asset prices. Monetary collapse is a weird phenomenon. Alastair McCleod points out that the dollar is an international currency, so domestically, we may be the last to really experience the loss of confidence. We benefit from a $700BN trade deficit so there is a very obvious source of economic pain we can experience if there are less goods to buy. The conditions set up for Weimar are not exactly parallel to America, obviously. But interesting case study nonestheless.