After WWI the German economy was left eroding as it suffered from massive debt, created by high war costs to fight the war. As the years after WWI continued, Germany’s economy steadily got worse. The rapid rise in food costs was among the first things citizens of Weimar experienced. In November 1923 hyperinflation peaked, and food costs went absolutely out of control. During its peak, food prices skyrocketed, with a loaf of bread costing 3 trillion marks, a single glass of beer 4 trillion marks, and a pound of meat 36 trillion marks. Their money was useless.
Weimar’s hyperinflation was directly attributed to the German central bank over-inflating its money supply. They printed greater and greater amounts of money, in desperate attempts to absorb the massive debt they created. Sadly the United States and other countries today are falling into the same trap, abusing their central bank printing presses and over-inflating their money supplies. This just creates more and more inflation in society. As excessive money supplies grow, inflation increases along with prices for food and other basic staples.
With the western central bank and government in abilities to properly correct serious debt problems of the west, were finding ourselves on a path towards hyperinflation. An economic event, that could become worse than what took place in 1923 Weimar Germany. If you don’t want to end up living in poverty when a major economic event strikes, you must purchase physical gold and silver. These precious metals are real money. They are capable of storing their true value regardless of any economic situation and they carry zero counterparty risks. Gold and silver are not an investment, their investment tools are capable of hedging inflation or deflation and they cannot be counterfeited as fiat currencies can.
As governments continue debasing their currencies with excessive money printing, inflation is going to increase. We know this, for several years we have seen massive money printing going on in the United States, the EU, England, Japan, and other Asian economies. Fiat money from all nations is tied together through the US dollar. All of them lose value and purchasing power. We are now past the point of no return for any real recovery. Inflation will continue driving up food costs because feed and fuel costs for farmers continue to increase. These additional costs will be forced upon consumers.
The west is not the only economy that has been affected by rising food costs. The Asia-Pacific region has also been under serious hardship. Southeast Asia’s major farm-producing economies of Indonesia, Malaysia, Philippines, Thailand, and Vietnam have dropped from 38.6 percent in 1970 down to 14.5 in 2007. China went from 35 percent in 1970 to 11 percent in 2007. Quality farmland in these nations has given way to new construction for homes and factories to meet the needs of ever-growing populations and industries. Another factor for the loss of food production is the increased demand for biofuel crops within these regions.
The powerful banking cartels globally control all mainstream media. The same media that always gives false reports on real annual food costs and rising food prices to consumers. Furthermore, this media never mentions who is creating the problems. Central bank policies are the driving mechanism behind the destruction of fiat currencies and their purchasing power globally.
In the East, Chinese and Indian investors are already aware gold and silver are a means of protection from the rising costs of food and other basic resources that are coming about from the global economic crisis. Their citizens in mass, are buying up precious metals on every price dip that occurs. In the West, most citizens are still blind to this fact and ignore gold and silver purchases altogether.
It is important to understand that if you’re not already converting your fiat currency into physical precious metals; you will not have your financial security protected in the future. Those that have will survive while seeing the rest of the world go down the great abyss. Be prepared; don’t let your assets become worthless. Invest today in physical precious metals, assuring your family’s survival for tomorrow and beyond.
Click the link in this line if you want to convert 401k to physical gold. You won’t regret it!