Maybe Germans Did Learn Something From The Weimar Republic »
Posted By Shana4Liberty 7 months, 2 weeks ago in News
When President Obama arrives in Germany this week he will enter a nation where his election has brought newfound goodwill towards America; but will the goodwill be enough to force the hands of Germany to conform to Washington’s desires for additional stimulus and bailouts? If the latest media reports, which point towards an Administration attempting to dial down expectations, are any indication, then the answer is most likely a soft no.
Read Full Story at unitedliberty.org »
377 Views Share Story 9 Comments Report
Submitted By:
Shana4Liberty
I'm a stay-at-homeschooling mom of 4 living in central Alabama, but a native of south Texas. Feel free to friend me and send me ...
RSS Join the Discussion
+ Add CommentComments So Far: 9 (view all)
-
100%
hyperbola7 months, 2 weeks ago
This comment is below the standard viewing threshold View It »
This article is based on a common failure to know history. In fact, Hitler came to power as a result of the Great Depression, i.e. the same kind of financial corruption by the rich and powerful that the world is experiencing now. Given the level of "stereotypes" prevalent in the american media, one has to ask whether the US might be the next place where "right-wingers" get totally out of control.
Reply
Hitler Didn't Ride To Power on Inflation
"The Urgency of Aiding Russia" (editorial, Jan. 27) warns that Russia could experience the kind of hyperinflation that helped bring forth Hitler. While you may be correct on the need to aid Russia, you are wrong that inflation brought Hitler to power.
Germany did experience hyperinflation in the early 1920's. By October 1922, the mark stood at 130 billion to the dollar. Marks had to be carried in wheelbarrows, and life savings were wiped out. Yet the inflationary spiral was brought under control in November 1923 largely through the efforts of Hjalmar Schacht, currency commissioner and president of the Reichsbank. Dr. Schacht issued a new mark guaranteed by the land values and the business obligations of German industry. Citizens turned in their old marks, receiving one new mark for each trillion old marks.
With inflation checked by 1924, Germany entered a time of relative prosperity. Hitler, while active in German politics, was consigned to the political fringe. Beginning in late 1929, the German economy fell victim to worldwide Depression. Through the early 1930's industrial production, employment and sales fell, while Hitler's support increased. Inflation was nonexistent. Rather, by 1933, when Hitler became Chancellor, the problem was deflation, as tight credit and unemployment left millions of people with very few marks to spend on anything.
http://www.nytimes.com/1993/02/20/opinion/l-hitler...-
100%
david_nwpa7 months, 2 weeks ago
This comment is below the standard viewing threshold View It »
Your economic analysis of Hitler's rise to power is spot on. However, he was nudged along with the support of his goons who took out his competition (the Communists and the Organized Labor movement). The underpinnings of his ideas stem from the Treaty of Versailles which relegated Germany to paying millions of marks in reparations. The economic turmoil combined with the political ploys Hitler had, and the unwitting and elderly Hindenburg brought Hitler to power legally in 1932 as Chancellor of Germany.
Reply
Yes, in theory, similar circumstances in the US could bring a right-wing nutjob with the same ambitions to power legally. However, without shredding the Constitution, it would take a lot of signing statements to reach that point.
-
-
Neutral
CHAM7 months, 2 weeks ago
This comment is below the standard viewing threshold View It »
And Hyper the Financial Cabal was alive and well then also. They are the true "One Worlders",the Elite, who suck the lifeblood of the masses.
Reply
But there is a way to stop the cycle of madness.
And I hope that Shana is right, that someone of authority will step forward and identify the culprits. Could that person be Obama? I certainly would hope so, just as I would have hoped whoever was elected would step forward.
Obama has the ability and the charisma to pull it off, if the Cabal don't get out their checkbooks and make it profitable for someone to change the political force.
He is liked around the world and is seen by the majority of the world as "a good moral man". I hope he lives up to it. If he does we and the rest of the world will benefit. -
Neutral
thoughtforsale7 months, 2 weeks ago
This comment is below the standard viewing threshold View It »
It is true that the Germans are traumatized by the experience of hyperinflation. Some old persons have seen all their wealth vanishing even twice in their lifetime. We are afraid of depts, be it in private or in public, and a very popular sentence, not only in these days is: "You can only spend, what you have got!"
Reply
I suppose, Europe and the US have different opinions of how to react on the crisis. The Europeans think of a change of the economic system in the long run, the Americans want to act immediately and with immediate effects. It won´t be easy to bring these attitudes together without the risks of paralization on the one hand or hyperactivity on the other hand. -
PsychoHosebeastComment removed: Spammer, Abusive
More News
LA Times
Nuclear scars: Tainted water runs beneath Nevada desert
Schwarzenegger quietly quashed effort to improve commuter rails
New CDC numbers confirm that swine flu targets the young
Authorities move to seize U.S. properties allegedly tied to Iran
Cindy Crawford, husband are allegedly targets of extortion attempt
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.