History Shows Gold Will Protect Your Savings From the Coming Inflation.
Today I will look back at history to show you how paper promises are very easy to break in this case I will look at the 1930 German Government International 5.5% Loan also known as the Young Bond.
Paper promises or bonds are not only easy to default upon de jure but also through a paper money or fiat currency system in which the bankers are able to inflate away the value of their debts.
My conclusion is that the current massive inflation of the monetary will system will not be different from other periods in history and those investors who keep hold of paper promises will again lose out big time through the insidious process of fiat currency debasement.
"Market Place; Hitler Defaulted, but Now Germany Will Pay Debt": https://www.nytimes.com/1995/01/06/business/market-place-hitler-defaulted-but-now-germany-will-pay-debt.html
Young Plan: https://en.wikipedia.org/wiki/Young_Plan
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Thanks again for bringing us this interesting and educational class, Maneco64. Another testament to the value of Precious Metals. Why would a wealthy person not have, at least, a little Precious Metal?
The mises website also mentions the issuance of so-called "Mefo-Wechsel" (a non-public state loan) by the Nazi government in the second half of the 1930's in order to hide the finance and costs of the rearmament. I guess they end up the same fate as the coupons you show.
https://wiki.mises.org/wiki/Inflation_in_Nazi_Germany
I don't know about the "Mefo-Wechsel". This loan was negotiated before Hitler took over. You are right though all these government loans end in de jure or de facto (inflation) default.