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Message: Re: Ye of Little Faith..
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May 07, 2010 08:06PM

May 07, 2010 08:22PM
7
May 07, 2010 09:04PM

Until 1922, the German Mark was quite steady. In 1923, under the Weimar Republic, the Mark exploded and became virtually worthless.

It got so bad, that people were paying for their dinner before it was served, because by the time they finished their dinner, it's price had risin substatially. Virtually the same thing happened in Zimbabwe, but there the government finally reverted to the US Dollar, and the country survived the collapse of their currency.

All the above was caused, and will always be caused by the over-printing of fiat currency, otherwise known as "quantitative easing".

Sound familiar? Hence the term "Weimarize".

Am I on track?

Vlada


May 09, 2010 09:06PM
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