Sunday, March 31, 2013

Weimar vs USA: The Fall Of The Second Empire Of Debt

What is also well-known is that as long as the US preserves legacy reserve currency status even by the tiniest of threads, inflation through debt deluge-funded money creation will always be chosen outcome.

Just as was the case in Germany in the 1920s.

In fact, as the following video shows, the parallels between where the US is now, and where Weimar Germany were just before everything took a turn for the parabolic, are a few too many for comfort.

The only major difference so far is that in Weimar, the creation of massive rampant inflation was what economists would call, "successful."