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Keyword: weimar

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  • Weimar America

    02/22/2016 5:16:58 AM PST · by rktman · 30 replies ^ | 2/21/2016 | Victor Davis Hanson
    Neither the president nor his would-be successors talk much about the fact that we are now nearing $20 trillion in debt-in an ossified economy of near-zero interest rates, little if any GDP growth, and record numbers of able-bodied but non-working adults. (The most frequent complaint I hear in my hometown is that the government lags behind in their cost-of-living raises in Social Security disability payments.) No one can figure out how and why America's youth have borrowed a collective $1 trillion for college tuition, and yet received so little education and skills in the bargain. Today's campuses have become as...
  • Trump’s Weimar America (NYT goes there: Godwin's Law barf alert)

    12/16/2015 12:07:14 AM PST · by Vision Thing · 34 replies
    New York Times ^ | DEC. 14, 2015 | Roger Cohen
    (snip) It would be wrong not to take Trump very seriously. It would be irresponsible. It would be to forget European history, from whose fascist example he borrows. In Weimar America politics are not what they were. The establishment looks tired. The establishment has not understood the fact-lite theater of the contemporary world. The Weimar Republic ended with a clown's ascent to power, a high-energy buffoon who shouted loudest, a bully from the beer halls, a racist and a bigot. He was an outsider given to theatrics and pageantry. He seduced the nation of Beethoven. He took the world down...
  • World War II History, Captured in a Private’s Letters to His Wife

    <p>For years the letter lay in a box in the attic. It was postmarked in April 1945, just before the Nazis’ surrender in World War II. It was just one letter among many letters, and the box was just one box among many boxes.</p>
  • Zimbabwe slashes 16 zeros from currency but dollar still a joke

    06/12/2015 9:00:55 AM PDT · by Citizen Zed · 45 replies
    euronews ^ | 6-12-2015
    From next Monday Zimbabweans with have their mental arithmetic simplified for them with the news some zeros are coming off the currency. Quite a lot of zeros. No less than 16, as the federal reserve attempts to end funny money by offering one new Zimbabwe dollar in exchange for 35 quadrillion old ones. However the real hyperinflation rate is in fact worse. The money being replaced was only issued in 2008, when the exchange rate was one for 10 billion. The real hyperinflation rate has 25 zeroes attached. This is now hyperinflation an elderly German would recognise, with all its...
  • Bitcoin plummets 20% after major exchange halts withdrawals

    02/07/2014 5:02:46 AM PST · by Red in Blue PA · 3 replies
    Virtual currency bitcoin lost nearly twenty percent of its value on Thursday evening, after major exchange Mt Gox halted trading to try to resolve ongoing technical issues. The digital currency — which is known for its wild price fluctuations — was trading at $680.52 on Friday morning, having traded around $850 for most of the week, according to CoinDesk, which tracks the price of bitcoin.
  • How the Nazis Used Gun Control: Weimar Republic’s well-intentioned registry became a tool for evil

    12/02/2013 7:00:02 AM PST · by SeekAndFind · 18 replies
    National Review ^ | 12/02/2013 | Stephen P. Halbrook
    The perennial gun-control debate in America did not begin here. The same arguments for and against were made in the 1920s in the chaos of Germany’s Weimar Republic, which opted for gun registration. Law-abiding persons complied with the law, but the Communists and Nazis committing acts of political violence did not. In 1931, Weimar authorities discovered plans for a Nazi takeover in which Jews would be denied food and persons refusing to surrender their guns within 24 hours would be executed. They were written by Werner Best, a future Gestapo official. In reaction to such threats, the government authorized the...
  • Gun Control, the Jews, and the Third Reich

    11/20/2013 6:58:39 AM PST · by afraidfortherepublic · 7 replies
    The American Thinker ^ | 11-20-13 | Abraham Miller
    In 1996, in commemoration of the one hundredth anniversary of the modern Olympics, the German government issued a set of four stamps. One of these celebrates Alfred and Gustav Flatow, cousins, who were gold medalists in the 1896 Olympics. Alfred took the first in the parallel bars and with his cousin also won gold for the German team's overall performance. In 1932, Alfred Flatow registered three handguns, as decreed by the harsh gun control laws of the Weimar Republic that were drawn amid the violence and chaos of the aftermath of World War I. The Weimar Republican grew out of...
  • Godwin’s Law vs. imaginary Hitler

    03/25/2013 10:58:17 AM PDT · by TurboZamboni · 30 replies
    Wellsville Reporter ^ | 3-24-13 | RICHARD SBERNA
    People across the political spectrum, from left to right and back again, seem to revel in perverse delight when comparing the policies of a political foe to those of the Nazis. Sometimes, they will skip the group comparisons and head straight into drawing personal parallels between the individual in question and Adolf Hitler. The practice is so onerous that, in the Dark Ages of the internet (1990), an attorney for the Electronic Frontier Foundation named Mike Godwin coined what has become known as Godwin's Law. It states that, the longer and more involved an argument becomes, the more likely a...
  • A Dormant US Inflation Indicator Just Spiked, And It's Got Me Thinking Of Weimar And Zimbabwe

    02/13/2013 6:55:47 AM PST · by blam · 10 replies
    TBI ^ | 2-13-2013 | Sam Ro
    Art Cashin: A Dormant US Inflation Indicator Just Spiked, And It's Got Me Thinking Of Weimar And Zimbabwe Sam RoFebruary 13, 2013, 3:58 AM Veteran trader Art Cashin has been more concerned about the threat of inflation in the U.S. than most. In a recent interview with Eric King of King World News, he notes that the once dormant threat of inflation could be waking up. From King World News: ...That having been said, the Federal Reserve Bank of St. Louis puts out what is called the ‘Monetary Stock.’ It is the ‘raw material’ of the money supply, and it...
  • Atlantic Magazine Proclaims Ben Bernanke "THE HERO"

    03/23/2012 5:08:24 AM PDT · by Kaslin · 8 replies · 2+ views ^ | March 23, 2012 | Mike Shedlock
    If you are looking for the most nauseating cover possible on Ben Bernanke, please consider the April 2012 issue of the Atlantic. The cover asks the question "Ben Bernanke saved the global economy. So why does everyone hate him?" For starters Ben Bernanke did not save the global economy. Making such a proclamation is like a football fans proclaiming victory at the end of the third quarter with the score 54-24 following a 24 point rally after being down 54-0. Simply put, it is far too early to make a presumption the Fed "saved" anything given the global economy remains...
  • Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent

    01/24/2012 4:25:59 PM PST · by OPS4 · 41 replies
    CNS news ^ | 1/24/12 | Christopher Goins
    So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. (AP Photo) During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon,...
  • Germany Is Already Printing Money - Deutsche Marks

    10/26/2011 11:17:46 AM PDT · by little jeremiah · 152 replies · 1+ views
    Seeking Alpha ^ | October 26, 2011 | Graham Summers
    By now everyone realizes that the euro is in major trouble and will no longer exist in its current form for much longer. However, the common view is that it is Greece and possibly other PIIGS countries who will be forced out if the eurozone is broken up. But few are talking about another possibility- of Germany leaving the EU. One who is talking about this is Dr. Pippa Malmgren, a former economic advisor to George W. Bush and a former advisor to Deutsche Bank (DB). According to Malmgren, Germany has already ordered the printing of Deutsche Marks in anticipation...

    08/03/2011 2:06:51 PM PDT · by blam · 15 replies
    TBI ^ | 8-3-2011 | Joe Weisenthal
    TALK OF QE3 SAVES THE DOW FROM HISTORIC LOSING STREAK: Here's What You Need To Know Joe Weisenthal Aug. 3, 2011, 4:00 PM But first, the scoreboard: Dow: +38.22 NASDAQ: +26.00 S&P 500: +7.05 And now, the top stories: * With the debt deal over, the focus turns (finally!) to the ongoing crisis in Europe, and the worsening economy in the US. In Europe, there wasn't much new in terms of developments. The main thing that gave markets a bit of an early lift was an emergency rate cut by the Swiss National Bank in the hopes of stemming the...
  • An American Weimar Republic

    06/29/2011 5:41:33 AM PDT · by EllisWashingtonReport · 14 replies ^ | 06/25/11 | Ellis Washington
    What are the logical comparisons and consequences we can understand between the economic, moral and intellectual devolution of Germany under the Weimar Republic that ushered in the National Socialism of Adolf Hitler and a post-Ronald Reagan America (since 1990), that continued the Democratic socialism of Wilson, FDR and LBJ, which eventually ushered in the Age of Obama?
  • 5 Things That Will Happen To You When America Goes Bankrupt

    04/12/2011 9:10:41 AM PDT · by Kaslin · 153 replies ^ | April 12, 2011 | John Hawkins
    "Madness is rare in individuals - but in groups, parties, nations, and ages it is the rule." -- Friedrich Nietzsche Does it seem too strong to call the way America deals with its debt "madness?" If not madness, then what? Denial? An addiction? However you phrase it, we're a country that's in deep trouble, but so many of us seem unable to deal with it. Liberals in this country, for the most part, will admit that we're running up "unsustainable" deficits. Yet, these same liberals adamantly oppose any and all serious efforts to do anything about it. Once you...
  • Donald Trump for President (fake ad)

    04/11/2011 2:05:22 PM PDT · by Nachum · 8 replies
    YouTube ^ | 4/11/11 | Jimmy Kimmel
    Jimmy Kimmel Live - Donald Trump for President
  • The Great Marlene Dietrich: Black Market (from "A Foreign Affair")

    10/16/2010 5:56:24 PM PDT · by combat_boots · 10 replies
    via Youtube and LyricsPlayground ^ | Orig: 1948 Youtube: Sep 27, 2008 | (Frederick Hollander). Recorded by Marlene Dietrich; Ute Lemper
    (Video at link) Lyrics: BLACK MARKET (Frederick Hollander) Recorded by : Marlene Dietrich; Ute Lemper. Black Market Sneak around the corner Budapester Strasse Black Market Peek around the corner “La Police qui passe” Come! I’ll show you things you cannot get elsewhere Come! Make with the offers and you’ll get your share. Black Market Powdered milk for bikes Souls for Lucky Strikes Got some broken down ideals? Like wedding rings? Spoken: Sh! Tiptoe. Trade your things. Chorus: I’ll trade you for your candy Some georgeous merchandise My camera. It’s a dandy Six by nine - just your size You want...
  • Freeper roundtable: Investment positioning for a crash

    11/24/2009 10:24:18 AM PST · by Mount Athos · 27 replies · 1,954+ views
    Any good ideas what to invest in to protect against further currency devaluations and economic drops? What are you doing or thinking of doing?
  • Weimar Germany's Hyperinflation Was Nothing Compared to Other Countries

    08/19/2009 8:53:00 AM PDT · by BGHater · 4 replies · 449+ views
    Washington's Blog ^ | 18 Aug 2009 | Washington's Blog
    You've heard how bad things were in the Weimar Republic, when people would rush straight to stores to buy food after receiving a pay check because their money would buy much less the next day. But it turns out that Germany's hyperinflation in 1923 was nothing compared to that experienced by Hungary, Zimbabwe and Yugoslavia. In a new paper published by the Cato Institute, economics professor Steve Hanke lists the all-time worst episodes of hyperinflation: Note that Hungary's daily inflation rate was ten times greater than that in Weimar Germany, and prices doubled almost six times faster in Hungary than...
  • When Money Dies: The Nightmare of the Weimar Collapse

    06/30/2009 6:27:55 AM PDT · by BGHater · 9 replies · 930+ views ^ | 1975 | ADAM FERGUSSON
    Prologue WHEN a nation's money is no longer a source of security, and when inflation has become the concern of an entire people, it is natural to turn for information and guidance to the history of other societies who have already undergone this most tragic and upsetting of human experiences. Yet to survey the great array of literature of all kinds — economic, military, social, historic, political, and biographical — which deals with the fortunes of the defeated Central Powers after the First World War is to discover one particular shortage. Either the economic analyses of the times (for reasons...