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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Rocket Red who wrote (52536)	11/8/2007 12:32:02 AM
From: Proud Deplorable	Read Replies (2) of 78419

You're missing the whole point. Its not just the credit crunch that is causing the USD to collapse. You know who is set to invade Iran and will HAVE to do it if the USD falls any further. Think about this and if you can't see it I'll explain it to you again as I did when you were down here. You cannot hope to understand why this will happen before Xmas if you don't go back and see under what circumstances the German people were living in (1933) when the Germans burnt the Reichstag down and blamed it on Russia (and also the Jews). This is your key to understanding the future (which always repeats the past ALWAYS...no exceptions)..... "When Goebbels received a phone call informing him of the fire, he regarded it as a joke at first, and only after the second call did he report the news to Hitler. Hitler, Goebbels, the Vice-Chancellor Franz von Papen and Prince Heinrich Günther von Hohenzollern were taken by car to the Reichstag where they were met by Hermann Göring. Göring told Hitler "This is a Communist outrage!" Interesting how Goring decided without any evidence that the Communists did it. Interesting how ** decided without any evidence it was Islamic terrorists yadda yadda....... The important lesson here is when you have a nation terrified like the USA is they will allow anything they think will save their way of life even if it means going 100% to a war economy like Germany did when their economy was on the verge of collapse in the '30s ----------- "3. The Collapse of Weimar, 1930-1933 The Great Depression and Germany Stresemann’s death could not have come at a worse time for the young republic. The onset of the Great Depression was to have dramatic effects on Germany The German economy’s recovery after the inflation of 1923 had been financed by loans from the United States. Many of these short term loans had been used to finance capital projects such as road building. State governments financed their activities with the help of these loans. German interest rates were high, and capital flowed in. Large firms borrowed money and depended heavily on American loans. German banks took out American loans to invest in German businesses. The German economic recovery was based on shaky foundations. The Wall Street Crash The German economy was in decline prior to the Wall Street Crash. There was no growth in German industrial production in 1928-9 and unemployment rose to two and a half million. On the 24th October, “Black Thursday”, there was panic selling on the New York Stock Exchange reacting to a business crisis in America. Early the following week, “Black Tuesday”, 29th of October, panic selling set in again. 16.4 million shares were sold, a record not surpassed for forty years. Share prices went into freefall. Ten billion dollars was wiped off the value of share prices in one day. Effects on Germany As a result American demand for imports collapsed. American banks saw their losses mount and they started calling in their short term loans with which so much of German economy had been financing itself for the past five years. Firms began to cut back drastically. Industrial production fell quickly and by 1932 it was 40% of its 1929 level. To make matters worse in 1931 a number of Austrian and German banks went out of business. . Unemployment rose from 1.6 million in October 1929 to 6.12 million in February 1932. 33% percent of the workforce were now unemployed. By 1932 roughly one worker in three was registered as unemployed with rates even higher in industrial areas of Germany. Matters were made worse by the fact that the drastic fall in people’s income caused a collapse in tax revenues. Many soon were not in receipt of unemployment benefits as state governments could not afford to pay it. It was in this economic chaos that the Nazis and Communists thrived.** Crime and suicide rates rose sharply and many lost hope. People deserted the democratic parties in droves and turned to either the Communists or the Nazis. In the election of 1930, the Nazis made their electoral breakthrough winning 107 deputies while the Communists won 77. Both parties were opposed to the democratic system and used violence against their political opponents. Hitler’s Brownshirts clashed frequently on the streets with their Communist enemies."

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