thatswhywelovegermany: thatswhywelovegermany:That’s why Germans panic on hearing the word “inflati
thatswhywelovegermany: thatswhywelovegermany: That’s why Germans panic on hearing the word “inflation” Hyperinflation during the early period of the Weimar Republic: January 31, 1920: 1 US-Dollar = 42 Reichsmark (RM) October 21, 1922: 1 US-Dollar = 4,439 RM January 31, 1922: 1 US-Dollar = 49,000 RM August 8, 1923: 1 US-Dollar = 4,860,000 RM September 7, 1923: 1 US-Dollar = 53.000.000 RM October 3, 1923: 1 US-Dollar = 440.000.000 RM October 11, 1923: 1 US-Dollar = 5.060.000.000 RM October 22, 1923: 1 US-Dollar = 32.150.000.000 RM November 3, 1923: 1 US-Dollar = 418.950.000.000 RM November 9, 1923: 1 US-Dollar = 628.500.000.000 RM November 15, 1923: 1 US-Dollar = 4.200.000.000.000 RM People were burning the banknotes in the oven because the paper heated more than the coal they were able to buy with the money. Inflation is probably going to hit the 6 % mark soon, according to economists. The European Central Bank does not show any sifns that they will intervene although price stability is their main objective. -- source link