PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: DuckTapeSunroof who wrote (343385)	1/15/2003 11:56:11 AM
From: CYBERKEN	Read Replies (1) of 769667

<<How about the Weimar Republic in Germany?>> External forces: WWI reparations. plus INTENTIONAL government-mandated central bank suicide. Once again: Not debt, GOVERNMENT MEDDLING. This "experiment" in eliminating reparations was a world-class disaster. While it did lead to the eventual elimination of reparations, the created inflation not only brought down the Weimar Republic, but built the foundation of the Great Depression and WWII. The German debt did not create the disaster, the German GOVERNMENT did, first by signing the Versailles Treaty, then by INTENTIONALLY ruining the economy of Europe to get out of the reparations. Had Germany simply taken the free-enterprise direction they took just 30 years later-and NOT fallen into the trap of debt-fantasy-they would have increased economic strength, and history would have been far different...

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