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Originally posted by AikoYes, by a factor of many millions of times worse.....and Germany's super-inflation was after WW1 in the 20's, before the nazis took power, not after. I don't believe they went through any weird hyper-inflation after WW2.
Wondering, is the inflation up there higher than it was in Germany after the Nazi match?
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Originally posted by Sam The ShamI thought they'd did.
Yes, by a factor of many millions of times worse.....and Germany's super-inflation was after WW1 in the 20's, before the nazis took power, not after. I don't believe they went through any weird hyper-inflation after WW2.
But if it were the twenties, surely it will not have been Germany alone, right?
Originally posted by Sam The ShamI hope you don't have a job working with figures...
Yes, by a factor of many millions of times worse.....and Germany's super-inflation was after WW1 in the 20's, before the nazis took power, not after. I don't believe they went through any weird hyper-inflation after WW2.
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Originally posted by CrowleyI'm sorry, did I overly exaggerate? Germany's deutschmark went into the millions to the dollar, not hundreds of billions like Zimbabwe's, soon to be trillions. Thank you for being so anal. I hope you don't have a job dealing with reality.
I hope you don't have a job working with figures...
Originally posted by Sam The ShamInflation is not the same as exchange rate. My reality checks all give the green light, thanks.
I'm sorry, did I overly exaggerate? Germany's deutschmark went into the millions to the dollar, not hundreds of billions like Zimbabwe's, soon to be trillions. Thank you for being so anal. I hope you don't have a job dealing with reality.
Apology accepted.
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Originally posted by CrowleyOh .....My......God.....you.....suck. The exchange rate is used as a benchmark to give people a point of reference. Pretty elementary concept, and a universal one when talking about inflation of another country. Good old Crowley, everything must be explained to perfection and in complete detail or you will attack from some different angle, like a small child that feels the need to argue over every little thing in an effort to get attention. Just can't help yourself, can you? Enough. Argue with your parents, I'm done with you.
Inflation is not the same as exchange rate. My reality checks all give the green light, thanks.
Apology accepted.
Originally posted by Sam The ShamThis is 100% correct. I just read about this in 'The Rise and Fall of the Third Reich'. Very interesting book...
Yes, it was Germany alone. They devalued the Mark because paying off the huge reparations debt of the Versailles Treaty gave them no other way out.
Originally posted by Sam The ShamNot where I come from - possibly only in the trailer-park communities where beer acts as currency, refreshment and cologne?
The exchange rate is used as a benchmark to give people a point of reference. Pretty elementary concept, and a universal one when talking about inflation of another country.
Here we just use the statistically calculated inflation rate when referring to the inflation rate.
I'm sure there is some link between the two, but to use them as substitute for each other is wrong.
Originally posted by darvlayWell... Partially. That was part of the official excuse, but it's not the whole story. The accelleration of the printing of money began before the end of the first world war and there is evidence that at some point later on, the rate of inflation already largely exceded the rate at which the government could print money.
This is 100% correct. I just read about this in 'The Rise and Fall of the Third Reich'. Very interesting book...