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reply to post by penninja
Europe HAS to spend to defend itself further,
Originally posted by zero1020
Do you know what would fix this entire debt crisis? If the major players around the world agreed to forgive all debts and start the cycle again. Sure millions would lose their so called "valuables" but at least the world won't rip itself apart. After the shock is over people will be able to lend and borrow again to create businesses.
I've always wondered why we carry the debt of previous generations on our shoulders.
So then... what do we DO? When will it happen? A year? Six months?
4. Germany, Oct. 1923
Highest monthly inflation: 29,500%
Prices doubled every: 3.7 days
The German papiermark, which was introduced in 1914 when the country's gold standard was eliminated, began with an exchange rate of 4.2 per US dollar at the outbreak of WWI up to 1 million per US dollar in August 1923. By November, that number had skyrocketed to about 238 million papiermark to 1 US dollar, and a psychological disorder called "Zero Stroke" was coined, after people were forced to transact in the hundreds of billions for every day items and were dizzied by the amount of zeros involved.
he rapid inflation caused the government to issue a redenomination, thus replacing the papiermark with the rentenmark, exchanging at a rate of 4.2 per US dollar and cutting 12 zeros off of the papiermark's face value.
Originally posted by Common Good
Maybe that is their entire plan....
Crash the Economy in order to revive it?