More than half a billion German Reichsmarks were discovered in a time capsule from 1930 hidden inside an organ in Norway.
According to a note found in the time capsule, it was placed in the organ by August Sieber, an organ builder from Bavaria, on January 8, 1930, The Local.no reported Friday.
It was then recently found in the organ at Nidaros Cathedral in Trondheim, Norway, while the organ was being restored.
“The letter and the money weren’t even discovered in 1962, when people from Steinmeyer were in Trondheim to move the organ from the north transept to the west transept, Per Fridtjov Bonsaksen, who is overseeing the restoration, told Adressavisen.
Twelve banknotes were included in the capsule, including one for five hundred million Reichsmarks.
The note was “a bitter and emotional greeting,” Bonsaksen said, warning future generations of hyperinflation.
The report did not say what the money would be worth today.
Nice illustration of the differing cultural/historic reasons for diametrically opposed approaches to working a nation out of the bowels of recession. After World War 1 the Weimar Republic in Germany experienced inflation so severe it wasn’t uncommon for someone to need a wheelbarrow to carry sufficient money to go grocery shopping.
Now, the factors are sufficiently different from anything experienced then, context as well as causes, to give many of us in the New World pause and consider Angela Markel and her peers a little nutso. Still, this find certainly shows what her grandparents, perhaps her parents went through. And never forgot.