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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (64950)	4/28/2009 12:48:20 AM
From: loantech	Read Replies (2) \| Respond to of 78409

Lot of opinions some say we go down with it some say not is time.Gold likes to mix it up so......... Hecla releases news in the early AM.

To: LLCF who wrote (64950)	4/28/2009 1:39:43 AM
From: E. Charters	Read Replies (4) \| Respond to of 78409

Depressions are not automatically the start of hyperinflation. Weimar: "Since striking workers were paid benefits by the state, much additional currency was printed, fueling a period of hyperinflation. The 1920s German inflation started when Germany had no goods with which to trade. The government printed money to deal with the crisis; this allowed Germany to pay war loans and reparations with worthless marks, and helped formerly great industrialists to pay back their own loans." hmmmmmmm.... "This also led to pay raises for workers and for businessmen who wanted to profit from it. Circulation of money rocketed, and soon the Germans discovered their money was worthless. The value of the Papiermark had declined from 4.2 per US dollar at the outbreak of World War I to 1 million per dollar by August 1923. This gave the Republic's opponents something else to criticise it for. On 15 November 1923, a new currency, the Rentenmark, was introduced at the rate of 1 trillion (1,000,000,000,000) Papiermark for 1 Rentenmark, an action known as a monetary reset." hmmmmm one trillion to one? Maybe things are not so bad now... "At that time, 1 U.S. dollar was equal to 4.2 Rentenmark. Reparation payments resumed, and the Ruhr was returned to Germany under the Locarno Pact, which defined a border between Germany, France and Belgium." "Gustav Stresemann was Reichskanzler for 100 days in 1923, and served as foreign minister from 1923–1929, a period of relative stability for the Weimar Republic. Prominent features of this period were a decrease in civil unrest and improved economic conditions. As chancellor, Stresemann had to restore law and order in certain towns in Germany such as Spandau and Krustin, where the 'Black Reichswehr' (a section of the Freikorps) held a mutiny. Saxony and Thuringia allowed KPD members into their governments, and a new nationalist leader in Bavaria called for Bavarian independence and told his army to disobey orders from Berlin. Streseman persuaded Ebert to issue Article 48 to resolve the situation and brought the Freikorps to settle the situation. However the use of violence against political activities led the SPD (Social Democratic Party) to remove themselves from his coalition which finally led to the ending of his chancellorship. Stresemann's first move as foreign minister was to issue a new currency, the Rentenmark, to halt the extreme hyperinflation crippling German society and the economy. It was successful because Stresemann refused to issue more currency, the cause of the inflationary spiral. In addition the currency was based on land, and restored confidence into the economy. With this achieved, a permanent currency - the Reichsmark - was introduced in 1926. Hans Luther was also appointed Finance minister and helped balance the budget by dismissing 700,000 public employees." EC<:-}