I just read When Money Dies by Adam Ferguson.
The book is about when inflation ran out of control in Germany in 1923. The Author describes what was happening politically during this time. He also gave an account as to what the economic policy was at the same time. The main point that I personally got out of it was that we should never say “It can’t happen now” Which is what I foolishly hear people say all the time. They said that it cannot happen now back in 1923 in Germany and it did happen and things just kept getting worse and worse and it took a long, long time for things to improve.
I am not an alarmist but I believe that we should learn from the past so we do not repeat the same mistakes. Reading history will help you to see and learn from those that have gone before us. There are many lessons to be learned for those that are willing to learn.
This is an account of the German, Austrian and Hungarian hyper-inflations of the early 1920’s. It includes complete accounts by diplomats, bankers, and regular people who survived the total and complete Currency Collapse. Fergusson spent alot of time getting his facts straight on this book.
Thanks for reading I hope you enjoy the video below. My next review will be coming up next week. If you have any comments please do not hesitate to contact me also if you would like any other reviews please ask I will be trying to read one book per one or two weeks.
Winner’s Edge Trading, as seen on: