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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: dybdahl who wrote (13774)	10/30/2008 8:28:56 AM
From: critical_mass	Read Replies (2) \| Respond to of 71456

One point that is frequently glossed over is that after the hyperinflation and the implementation of the Dawes Plan en.wikipedia.org Germany had a period of relative prosperity. There was definitely a "roaring twenties" in Berlin and Germany was awash with loans provided for infrastructure projects, the main creditor being the US and in particular, JP Morgan. Germany's problems in the 1930s began when the US called in loans made before the 1929 American market crash. If you look at the rise of the Nazis, they were irrelevant between 1924 - 1929. Hyperinflation did not lead directly to the rise of the Nazis. When times were good, few were interested in their message. Things really melted down around 1931 in Germany at which time the Nazis became popular.

To: dybdahl who wrote (13774)	10/30/2008 10:54:24 AM
From: RJA_	1 Recommendation Read Replies (1) \| Respond to of 71456

>>The Germans don't want this to repeat, and if they see any sign that we're heading the same direction, they get scared. Me, too. I would show up for a demonstration, too, being the first time in my life. Good for them. That memory may protect them. Too bad what passes for history and economic education here is so lacking. We ought to be able to avoid the German experience by looking at history (TJ's dusty books). One would think so anyway in more rational times.