Lau @Lau - 2y
"My relations and friends were too stupid. They didn't understand what inflation meant. They didn't rush to get rid of their money. That was what the Jews and the Germans did. All my relations thought it would stop the next week, and they went on thinking so. They woke up very late. They started selling their valuables because they couldn't buy food. The China from the mantelpiece, the furniture, the silver. That made them think, it made them think that when the price of an old set of silver spoons went up from 20,000 to 40,000 kr in a matter if a week or two. And if you had to sell a valuable writing desk for money which was worth only half as much a week later, of course there was ill feeling. It was resented when jews bought these things." Taken from "When Money Dies" by Adam Fergusson
The book When Money Dies by Adam Fergusson recollects similar kind of protests happened in Germany in the 1920's, similar to what is happening in France now. Similar in nature because the people seem to simply be angry for no clear justifiable reason. In Germany it was the shift from 8 to 9 hour work day and in France it is the shift from 62 to 64 retirement age. The point is, the people are not waking up, but they are very angry. This emotion can be used. We saw what the Nazi's did to use this emotion and what it led to.
0b39c - 2y
Reading it now, it’s slow going as I get distracted by nostr.
b674d - 2y
A great book for more context is called the Politics of Cultural Despair.
b9003 - 2y
And this is why I don't cheer for a rapid collapse of fiat currency!
d119e - 2y
I’ve been putting that book off for years. Don’t ask me why….
I listened to it on audible, it's 9hrs.
How was it??
It offers perspective on our current situation. I recommend reading it.
547fc - 2y
"the people are not waking up, but they are very angry" Shudder
#bitcoinbookclub Up for a challenge? I have until april 9th to finish or it goes back to the library. I’m wondering if I should just do a kindle so I’m not tempted to switch to Nostr and it’s a bigger screen to read from.
I'm spoiled, I get to listen to audiobooks all day five days per week. Go for it, just plow through it. It isn't a page turner, but it is short and in between the numbers it has a relevant wisdom.
zaDanch @zach - 2y
A great and frightening book. Here is an excerpt that really drove it home for me: In war boots; in flight, a place in the boat or a seat on the lorry may be the most vital thing in the world. More desirable than untold millions. In hyperinflation a kilo of potatoes was worth, to some, more than the family silver. A side of pork more than the grand piano. A prostitute in the family was better than an infant corpse. Theft was preferable to starvation. Warmth was finer than honor. Clothing more essential than democracy. Food more needed than freedom. (Adam Ferguson, When Money Dies)
🫂 #[3]
f1bd7 - 2y
Ooo title alone sounds interesting