iBankCoin
Joined Nov 11, 2007
31,930 Blog Posts

Weimar Angst and the United States Today

Be sure to read the second to last paragraph, similarities between Weimar and the U.S. today.

Read the article here.

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7 comments

  1. John

    I believe Weimar Germany were on the Gold standard, the USA is not and can print or credit bank accounts to the production capacity of the US economy.

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  2. John

    That’s right, but the german’s borrowed the money to pay for the war and after they lost, the repayments were demanded in Gold and foreign currency. Therefore more like a gold standard.

    USA funds and allocates all it’s debt & expenses in one free floating non converatble currency. The USA has a deflation problem not an inflation problem and the feds actions have not added any new money into the economy

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  3. John

    It’s an asset swap bonds for Cash, the banks need to lend it into existence for it to enter into the economy, capicty is at 80%ish and unemploy is near 10%. Anyone tried to get a loan lately are business expanding operations.

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  4. John

    Weimar had to pay back their debts in gold and foreign currency & on the recieving end of a lost war, new rules made by the winners in the “London accord” USA have no such situation. The USA issue and pay their debt in one currency that they alone control and nobody not China or anybody else funds the USA’s spending.

    To compare history then compare USA 1920’s to China today, both ran a surplus, both had pegged currency one to gold and today one to the US $.

    A lot of American’s are very convinced China is taking their jobs, their wealth and that America owe’s China large debt repayments. Personally I believe China is the short/medium weak link hear, along with Can &OZ who’s citizens have now more debt than the USA citizens due to massive boom from the Chinese stim after 08 crash. The China stim was pumped straigh into the economy, buildings nobody needs roads to nowhere that will catch up to them and commod countries.

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