“Shortly after we took this family photo in 1951, Dad decided to buy a second home in Brazil, where we experienced the worst inflation of the 20th Century. One day, the president announced an appeal to patriotism — ‘gold for Brazil.’ All loyal citizens were asked to collect any gold they had in their home and donate it to the government. Later, when inflation surpassed an annual rate of 2,000 percent, the government got so desperate it didn’t bother making public appeals. It summarily announced that everyone’s bank accounts were frozen and everyone’s savings were confiscated.”
http://www.moneyandmarkets.com/the-worst-inflation-in-my-lifetime-51073
(Visited 47 times, 1 visits today)
Related posts:
With Enemies Like This, Who Needs Friends?
Bill Bonner: Is This the World’s Cheapest Commodity Play?
Did the Government Drive Aaron Swartz to Suicide?
Debt Excess and the Liquidation Process in a Historical Context
John Whitehead: ‘I am not a number. I am a free man!’
Karl Hess: Tools to Dismantle the State
Detlev Schlichter: Some personal thoughts on surviving the monetary meltdown
The State: Always the Accuser, Never the Defendant
Paul Craig Roberts: It Has Happened Here
The All-Seeing Eye
Stefan Molyneux: The Truth About Obamacare
The Holocaust, the West, and the Lost Caribbean Shelter
Donald Trump didn't create presidential dictatorship -- he inherited it
Minimum Wage Madness
CTRAFFIK -"What if Nobody Showed Up to Vote?" (Official Video)