In retrospect, you can trace the steps to hyperinflation, but some of the reasons remain cloudy. Germany abandoned the gold backing of its currency ... bought a small tin bread bin.

It led to skyrocketing hyperinflation ... In 1913, the total currency of Germany was a grand total of 6 billion marks. In November of 1923 that loaf of bread we just talked about cost 428 billion ...

In fact, using a 10-year moving average, Germany and Europe's current troubles are barely visible. The country's post-WWI hyperinflation actually breaks the chart. The inflation was so severe ...