THH – The Chronicles of an Hard Asset Baron
Stories on the rise and (and later fall) of Hugo Stinnes, who became the richest man in Germany, during the hyperinflationary collapse of the Weimar Republic…
“This transitionary period is explained clearly in the quote below from ‘When Money Dies’:
When Money Dies – Quote
“Germany’s trouble was that the inflation boom had never been liquidated. Stabilization had ended the period where entrepreneurs could borrow as much money as they wished at the expense of everyone else. A vast number of enterprises established or expanded during monetary plenty, rapidly became unproductive when capital grew short. More realistic transport, fuel and food prices and the return of rents to economic levels meant that wages too had to be raised substantially in real terms…”
Links to the articles:
- https://www.wealthplaybook.ca/post/who-was-hugo-the-inflation-king-of-1920-s-germany-stinnes
- https://www.wealthplaybook.ca/post/the-fall-of-hugo-stinnes-empire-explained
- https://www.jvmlending.com/blog/richest-man-in-germany-got-rich-from-inflation/
… Let the inspiration commence.
Best regards,
The Hedgeless Horseman
