Sunday, April 1, 2012

weimar 2.0?

________________________________________________________________________________________________________________________________________________________ "the u.s. government and the federal reserve have committed the system to its ultimate insolvency through the easy politics of a bottomless pocketbook, the service of big-moneyed special interests, gross mismanagement, and a deliberate and ongoing effort to debase the u.s. currency. yet the particularly egregious fiscal and monetary responses to economic and solvency crises of the past five years have exacerbated the governments solvency issues, bringing the great financial tempest close enough to making landfall that the hairs on the backs of investors' necks should be standing on end." http://www.shadowstats.com/article/no-414-hyperinflation-special-report-2012 _______________________________________________________________________ weimar? why not? the inter-war german republic was many things but it was never boring...might be good to unhinge the social moorings and see what we're really made of...the late republic is looking a little conservative to me and a swift kick to he nuts of social complacency might loosen things up...george grosz liked to take his old army rifle up on the rooftop of his berlin studio and "shoot pigeons...and other things"...blow off a few rounds to let off steam after a day of producing the "degenerate art" that joe geobbles said he hated but stashed in the bunker off whilhelm strasse when old herman goering wasn't looking ....a fine response to stress that hasn't lost its appeal in the ensuing decades...many prominent men are devotees of the pastime...dick cheney has been particularly fond of pounding back a few beers and letting the buckshot fly...here's hoping his health is on the mend and he can become a public danger again soon...the germans ( with the help of dr. hjalmar horace greely schacht[really that was his name...no kidding] one of the fraternity of economists )hyper-inflated their currency to write off a bunch of reparations slapped on them by the victorious allies in the first world war...so what if it led to all the bad noise after 1933? it got them off the hook didn't it? so how much do we owe the chinese? difficult economic times call for strong leadership and the krauts were chock full of omniscient leaders...why can't the richest and most powerful nation since rome do the same? some will doubtlessly call me overly negative, if not totally paranoid...i mean the economy is better, right? consumer spending picked up in february according to recently released government figures...all you had t do was go to the gas staion to scrounge some fuel to understand why...i'll be willing to bet march's numbers show some gains too, but i can't help but wonder exactly who it is that's doing the gaining...it's a fuzzy picture with a lot of politically expedient cooked numbers that reflect the growing pressures of an election year..the pollyannas among you will call me malthusian but old ozzie spengler had their number around a hundred years ago...there is no such thing as paranoia.

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