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I need a one page well written document with facts on similarities between USA now and Germany (Weimar Republic) from 1920-1923 when it went into hyperinflation

*No Trolling please https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRMBT2HAFs7DZipHFBlOIabJ63T08entVbvUuT8VZcgtvTy_SHc

RESEARCH:

https://i.imgur.com/9M9Jy.gif

ANALYSIS:

RIGHT: JOSH/Inaba

LEFT: Everyone else

 :D :D :D


CAN I HAZ LTC? trollface.jpg

smoothie gets -5LTC

updated OP; no trolling

LOL awww...u didn't laugh?  :P :P :P

okay if anyone wants to write something in depth thats more LTC for sure

There's no differences.

1  enormous national debt , not only impossible to pay, but also unservicable.
2 problem solving by printing/creating more money , instead of honest defaulting

[defaulting by printing is dishonest:
- you do not repay the purchasing power, only the nominal value
- you do not repay with seen taxes, but with hidden tax - stealing from savers ]

 

Ok i'm going to add to this over the day as I think of more but:

Germany 1919 was given the bill for the end of WWI and had to repay reparations to the "winners" of WWI.... This bill was essentially footed by the german general public
America today is having to "bail out" or foot the bill for the bankers and governments misappropriation of funds.... ultimately it is the general public who are footing the bill

German consumer flight from cash to hard assets,
Look at the price of gold and other hard assets... even BTC :D assets that can not be inflated retain more value to the consumer than the currency

The German government set up rigid exchange controls as the inflation proceeded. As usual under such conditions, a black market flourished
In Germany there was a German Black market trade where you could trade items outside the realms of the government issued money
trading sites like Bitmit, SilkRoad exist where you can again trade goods outside the government issued money

ooo nice little side interest here....
The main part of the German coat of arms is the eagle. The eagle represented invincibility and was one of the most respected animals in medieval times
The main bird representing the Americans is the Bald Eagle ... yet again another eagle... invincible eh??

still one of my favorite pics....
http://www.usagold.com/weimarplay.jpg  and one in USA today burning money for heathttp://moneytipcentral.com/wp-content/uploads/2009/03/burning-american-100-bills.jpg

Ok interestingly one of the first steps that gave the German Weimar Republic the ability to print more money was ... the Reichsbank (German Central Bank) suspended redeemability of its notes in gold. After that there was no legal limit as to how many notes it could print.
The American $ has never been backed by gold or a physical tangible asset... mostly debt and speculation so printing more $$ is never a problem



Just thought I should add some of the sources I have found most insightful and useful

http://www.usagold.com/germannightmare.html
http://moneytipcentral.com/inflation-in-america-what-will-hyperinflation-look-like

interesting things to watch out for in the future like paying wages on weekly or daily basis
http://ingrimayne.com/econ/EconomicCatastrophe/HyperInflation.html

very useful link here and i will probably summarize if needed
http://www.sustecweb.co.uk/past/sustec17-3/weimar.htm

Updated for what I'm really looking for.

Some original comparison content

thanks FuzzyBear, maybe you'd like the job if you can dig deeper

i cannot help you with your essay, but i want those 500 ltc
hope i helped (lol)

ps. k, simmilarities... well
http://en.wikipedia.org/wiki/Corruption
http://en.wikipedia.org/wiki/Greed

unfortunately the fee to transfer out of exchange would be more than the LTC I want to give you for that

Bah I have a day job to do as well that i'm working 13 hour days on atm... so writing u ur essay completely is not going to happen i'm afraid... i was just hoping for some LTC for the effort I made :(

7.5 sent

hit me up next time if u want some work

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