Silver/Gold

[NYBob]

David Morgan from Silver-Investor.com concluded the conference.
He sees a currency crisis arriving and called it a
"200-300 year event".
The United States is in a place we've never been before;
it's difficult to draw comparisons to past events.
But he did compare the German Weimar Republic to the U.S.
and thought Alex Macdougall's presentation was important.
The year 2000 was the lowest silver price in the history
of mankind (when adjusted into real dollars).

Impressions From Silver Summit 2009 - Part 1

http://www.coinflation.com/silver_summit_impressions_2009.html

Alex Macdougall presented, "Hyperinflation in Germany, 1910 to 1925;
Parallels with the United States Today?"
He presented a lot of information and hopefully my notes
are correct.
If they are not, I will update this section at a later date
with notations.
The German Mark was made inconvertible to gold in 1910.
Germany went to war in 1914 (WW1), and was still considered
the most powerful nation in Europe at that time.
After losing the war, reparation payments put a drain on
the country's treasury.
They attempted to settle their debts honorably, even cut
spruce trees and sent them to France.
Germany's social welfare system was overloaded, had no
choice but to print money.
There was slight deflation in 1921.
Soon thereafter, currency denominations started to multiply
almost every month.
By July 25 1923, million note denominations start appearing.
They saved ink by not printing on the backside of the 50
million mark note.
They also started to reduce the size to save paper.
Wheels started to fall off rapidly.
They took old pieces of currency and stamped new denominations.

Business owners protected themselves from hyperinflation
by exchanging into other currencies, purchasing gold & silver
coins, and keeping excess inventory on hand for bartering.
Social welfare program guarantees in the United States
will contribute to the next hyperinflation.
California "IOU's" is a good example of government printing
their own money, at least in this early stage of the cycle.

A.I. Macdougall;
At present Alex consults to and is actively involved
in the advancement of U.S. Silver Corporation....



In the 1960’s the study of money and its relationship to gold,
silver and currencies, led Alex to leave a successful civil
engineering career and become active
in the gold & silver sector.
He drew upon the views of Von Mises, Harry Browne,
Jerome Smith, Harry Schultz and others who foresaw
the devaluation of the US dollar that occurred in 1969.
With other professionals he created the concept of
acquiring known gold and silver reserves to carry them
through the anticipated price rise in dollar terms.
To put this concept into practice, a number of projects
were assembled and substantial gains were made in
the late 70s and early 80s.
During that period Alex became affiliated with
The Committee for Monetary Reform and Education, (CMRE)
an educational forum based in Connecticut.
Through the Committee he had the opportunity to discuss
money and economics with many prominent economists,
among them: Dr Robert Mundel, Professor Hans Senholz,
James Turk and Dr Antal Fekete.
In recent years, as a financial and communications consultant.
At present Alex consults to and is actively involved
in the advancement of U.S. Silver Corporation.
Title for Keynote:
Hyperinflation in Germany, 1910 to 1925;
Parallels with the United States Today?

http://www.thesilversummit.com/speakers

http://investorshub.advfn.com/boards/board.aspx?board_id=9774