Create your free account now! Sign up

Just Give Away More Money

The effects of just printing more money. Hyper Inflation

"The new democratic socialist leaders had promised the people all types of bounties--increased wages, reduced hours, an expanded educational system, and new social benefits. But all this meant a vastly increased demand on a limited production capacity."

"It lasted for about 9/10 months; from January until September/October. Germany was already suffering from inflation in the years after the end of the First World War, but the whole problem escalated in 1923 when the French and Belgian armies marched into Germany in January that year in order to sieze products like coal and other industrial goods. They did this because the German government was saying they were unable to pay the money they had promised to pay those two countries each year as compensation for all the damage Germany armies had caused during WWI.

The German government then told workers to refuse to mine coal etc but had to pay their wokers' wages. In order to do that they just printed more and more paper money and over the next 9 or 10 months the value of that money just fell and fell until eventually (as seen in the stories and pictures earlier in the thread) it became totally worthless. Just as an example of this, the money that would have bought a nice house at the beginning of 1923 would just about buy a box of matches 9 months later! "

We bailed them out then. Who is going to bail us out?

http://www.usagold.com/germannightmare.html

The end result of a socialist is the same as a communist. The communist is just in a hurry and has a gun.
This is CABL.com posting #243327. Tiny Link: cabl.co/mbbsN
There are 0 replies to this message