PDA

View Full Version : Sound familiar?



Katwoman
15th December 2009, 06:48
The Period of Pseudo Prosperity

Loans poured into the country which greatly improved its economic position.
As a result it remained one of the most fertile grounds for the modern arts and sciences in history. The republic also saw greater sexual freedom and tolerance. One of its major cities became a thriving centre of many new art movements. Great film companies made its national cinema one of the most notable in the world. Leading composers of music taught and heard their works first performed in here. In the academic world, the Republic was known for its excellent universities and science centers.

Not everyone was happy with the cultural freedom. The right saw the culture as hedonistic, amoral, and degenerate to society. The fact that many leading artists associated with the Communist Party (which was fashionable in intellectual circles) increased this hostility.

The onset of the recession/depression was hard on the country.The country's economic recovery was financed by more loans from other nations. Many of these short term loans were used to finance capital projects such as road building. State governments financed their activities with the help of these loans. The economic recovery was based on shaky foundations.

The economy was in decline prior to the Wall Street Crash. There was no growth and industrial production was falling and real unemployment rates were rising. After the crash firms began to cut back drastically. Industrial production fell further. To make matters worse a number of banks went out of business. Unemployment rose and soon over 20% percent of the workforce was unemployed. Unemployment rates were even higher in industrial areas. Matters were made worse by the fact that the drastic fall in people’s income caused a collapse in tax revenues.

Foreign banks saw their losses mount and eventually they started calling in their short term loans with which so much of the economy had been financing itself for years.

Crime and suicide rates rose sharply and many lost hope.

NO this is not the USA but the Weimar Republic and yes it could happen here because what you fail the yet realize is that when the Nazis came to power a mass exodus of academics, physicists, film directors, and writers took place and many of these communists sympathizers went to the United States, which has now inherited the Weimar culture.

hihosilver
2nd June 2010, 22:32
Roger,

Bite me! you take every oportunity you think is there to pitch a negative spin on commodities.

let me tell you this, i had a wise mentor advise me to dump my stocks in my 401k in the nic of time. And to this day the safe mode has prevailed. And my silver has held up. Losing, maybe but not at the rate of other Roger choices which could leave me with nothing but air!

AgShaman
2nd June 2010, 22:58
Thank goodness for that post. I was hoping to come across someone's personal account of not getting destroyed by the rigged casino game of the stock market. Granted my beat down was severe during the dot com tech crash of the 2000 Nasdaq. Yes, I did not do enough of DD in my research....and the lesson was brutal with plenty of side theme's...like a lack of diversity....and gambling on margin while doubling down on the same players. Quite embarrassing to say the least. Had I chosen the path of hihosilver...then I would have afforded myself even more years of less of adult world stress....you know the kind...do I have enough and am I on track to make my later years less laden with stress due to finances? If more had abandoned the stock market/401k pretax benefit kool-aid philosophy and were thinking the way that the stackers here have thought....the govt. would not have to do so much providing for it's sheeple....people would have seen to their own private retirement plans and not be staring at the workplace in their 60's and 70's. Silver could have saved so many more from the mal-investment marketplace shaped by morally inferior humans. It's not too late to see the path layed out by hihosilver and use it for foundation to bring more of "the asleep sheep" into this world of PM's.

The war wages on....will you be bringing on more soldiers to fight for our side?

Curiosity will not kill the C/Kats of SS Nation!

of one mine
3rd June 2010, 00:00
agshaman, I know how it is to have been lied to by those who have you believe fiats are the only money. For years its the only thing I knew as money til I found out from my DAD there is something else. Silver and of course gold, I have been a long term investor since. Put your hands to the plow and never look back. Gods money is real follow the truth and it shall set you free indeed. Just plan on being a good steward of what he has given you and invest in real money.
See you on the right side agshaman.

of one mine

valerb
3rd June 2010, 02:16
Those radical, extremist, survivalist type Tea Parties praying and dreaming for Weimar - what a sight to behold !

Roger, I can't say I've been to any Tea Parties, but claiming they are Weimar wanna bees, seems to be a little extreme.

ccjoe
3rd June 2010, 05:39
Roger, I can't say I've been to any Tea Parties, but claiming they are Weimar wanna bees, seems to be a little extreme.

I think Val has a level headed approach to this hyperbolic thread.
We are NOT Weimar and the Tea Party is anathema to that very ill conceived idea.

valerb
3rd June 2010, 14:55
I am not saying they want to live under a Weimar type government, culture, and society, but they need the chaos and disaster that followed Weimar to achieve their political objectives.

I have no doubt that there are some that have that objective, then there are many that are using the Tea party to get their party back in office, but most seem to be concerned with stopping the mad spending in Washington, which runs counter to your Weimar theory.

gottago
3rd June 2010, 20:32
I have no doubt that there are some that have that objective, then there are many that are using the Tea party to get their party back in office, but most seem to be concerned with stopping the mad spending in Washington, which runs counter to your Weimar theory.

thank you...