North Korea: In December 2009, North Koreans awoke to learn they might be required to restore 100 units of their currency, the won, for just 1 unit of the government’s new paper money. Overnight, the savings of those long-suffering people (except for the bureaucrats) were being wiped gone. How different things can be been for them, when possessed basically few ounces of “the poor man’s gold” – silver!

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The opposite was the truth in Germany where the currency didn’t have backing no real increased value. It was a fiat currency like every currency your world today. The government couldn’t make the payments on its debts, the program just printed more savings. The result was an inflation that got out of control. The German Reich-mark was nothing more than play money – Just paper with ink on who’s. The government continually printed more. The public, the savers became the big losers as a value of this currency dropped. Its value becoming less and fewer as more and more was printed. The depression that followed was a direct result with the inflation with the money supply.