I am a 51 years old engineer. Imagine a village where they have 1kg worth of gold coins. Stay away from it. I worked with computers since I was 10 years old and still today I spend most of my time with technology: CAD/CAM/CAE, CNC, CMM, but also spectrum analysis, TV, CATV and SAT reception and distribution, emulators, electronics, etc. I really would like to know what you guys think. Do regarding crypto currency. Crypto currency is not suitable to replace money as we know it because it can not be printed at will (which is why all countries have left the gold standard). 1 loaf of bread feeds a family of 4 for 1 week and costs 1 coin in 1900. Fast forward a couple of decades.

With the same amount of gold it means that 1 coin now buys two loafs of bread.

The number of people have doubled. This means that the amount of bread needed also has doubled. In the end a system where supply of money doesn’t keep up with the size of the economy won’t work. I used to work at a stock trading / fund management firm and being succesful takes a lot of experience and effort. With the same amount of gold it means that 1 coin now buys two loafs of bread. If you want to invest money I strongly suggest to talk to a financial planner. This means that the intrinsic value of the gold has doubled. Unless ofcourse you fancy getting into buying / selling shares but for most this is an expensive hobby. Likely that person will advise you to invest in a fund where fund managers do all the hard work. The people who where able to hold on to some gold have seen their savings double in value without doing anything for it.

As for the Nazis, they waved the banners of domestic treason and international conspiracy in an attempt to galvanise the German nation into a spirit of revenge. Like a Fascist Italy, Nazi Germany sought to redirect the memory of the war to the benefit of its policies. Meanwhile, new nations liberated from German rule viewed the treaty as a recognition of wrongs committed against small nations by much larger aggressive neighbours. Czechoslovakia, Italy, Poland, Romania and Yugoslavia received territories from the Dual Monarchy (while the formerly separate and autonomous Kingdom of Croatia-Slavonia was incorporated into Yugoslavia). Austria-Hungary was partitioned into several successor states, largely but not entirely along ethnic lines.

In 1911, the Russian Stavka agreed with the French to attack Germany within fifteen days of mobilisation, ten days before the Germans had anticipated, although it meant the two Russian armies that entered East Prussia on 17 August did so without many of their support elements. However, communications problems and questionable command decisions cost Germany the chance of a decisive outcome, while it had failed to achieve the primary objective of avoiding a long, two-front war. By the end of 1914, German troops held strong defensive positions inside France, controlled the bulk of France (web)’s domestic coalfields, and inflicted 230,000 more casualties than it lost itself.