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Showing posts with label Weimar republic. Show all posts
Showing posts with label Weimar republic. Show all posts

Tuesday, April 13, 2010

The Similarity Between 1933-1934 Germany and 2010 USA is Not a Coincidence, It Was Planned That Way

The theory which Hitler had evolved in his vagabond days in Vienna and never forgotten—that the way to power for a revolutionary movement was to ally itself with some of the powerful institutions in the State—had now worked out in practice pretty much as he had calculated. The President, backed by the Army and the conservatives, had made him Chancellor. His political power, though great, was, however, not complete. It was shared with these three sources of authority, which had put him into office and which were outside and, to some extent, distrustful of the National Socialist movement.

Hitler's immediate task, therefore, was to quickly eliminate them from the driver's seat, make his party the exclusive master of the State and then with the power of an authoritarian government and its police carry out the Nazi revolution. He had been in office scarcely twenty-four hours when he made his first decisive move, springing a trap on his gullible conservative "captors" and setting in motion a chain of events which he either originated or controlled and which at the end of six months would bring the complete Nazification of Germany and his own elevation to dictator of the Reich, unified and defederalized for the first time in German history.'

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Tuesday, March 02, 2010

A Quick Tour of Hyperinflation and the Possible Consequences for America


"How bad was Germany's inflation?" I asked.

"The German mark started losing value so fast that people were getting paid two and three times a day and they'd leave work each time so they could spend it before it lost even more value. They'd buy anything: Food, hard goods, knickknacks, who cared? If you didn't spend it right away, it was going to be worth a lot less in just a few hours. It got so bad that people not only spent their money as fast as they could, they often didn't bother taking their change."

"You're kidding," I said.

"You know how stores today have those little penny trays on the counter near the cash registers? ‘Take one; leave one?' You buy something for a dollar ninety-nine and give the clerk a two dollars. He gives you one penny change and you drop it in the tray because a penny is close to worthless, nowadays. Suppose in a hyperinflationary period the price of a loaf of bread goes up to $19,900, something not at all inconceivable, and you've given the clerk two $10,000 bills. He gives you back a hundred dollar bill. That hundred dollar bill now has the purchasing power the penny used to have. It's easy to leave it on the counter and leave, especially because in a few hours it'll be worth even less".'

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Monday, December 28, 2009

We're Screwed!



Do you believe everything the government tells you? Economist and statistician John Williams sure doesn't. Williams, who has consulted for individuals and Fortune 500 companies, now uncovers the truth behind the U.S. government's economic numbers on his Web site at ShadowStats.com. Williams says, over the last several decades, the feds have been infusing their data with optimistic biases to make the economy seem far rosier than it really is. His site reruns the numbers using the original methodology. What he found was not good.'

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Thursday, May 21, 2009

Could the Weimar Hyperinflation Happen Again in America?

The $12.9 billion in bailout funds funneled through AIG to pay Goldman Sachs for its highly speculative credit default swaps is just one egregious example. To the extent that the money generated by “quantitative easing” is being sucked into the black hole of paying off these speculative derivative bets, we could indeed be on the Weimar road and there is real cause for alarm. We have been led to believe that we must prop up a zombie Wall Street banking behemoth because without it we would have no credit system, but that is not true. There is another viable alternative, and it may prove to be our only viable alternative.

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Friday, April 24, 2009

Obama’s Leap to Socialism


President Obama showed his hand this week when The New York Times wrote that he is considering converting the stock the government owns in our country’s banks from preferred stock, which it now holds, to common stock.
This seemingly insignificant change is momentous. It means that the federal government will control all of the major banks and financial institutions in the nation. It means socialism.

Sunday, January 18, 2009

Societal Apocalypse


It requires a concerted effort to comprehend the enormity of what cabal capitalists are currently perpetrating: outrages so monstrous--yet hidden and somewhat gradual--that most people aren't able to discern them.

In this essay we'll investigate how the cabal is using its economic terrorist attacks as a means of destroying American society utterly and on its ashes attempting to create a new political-economic world order, quickening America's and the world's descent into a new Holocaust. We'll also explore how we can survive this Cataclysm and overcome the demonic forces perpetrating it.