German view of Bernanke

[Pa(b)st Prime]

Hey Maria! You hit the nail on the head. The irony of this thread is the ultra- high German inflation rate along with the collapse of the Mark in the mid 1920's is what ultimately caused Nazism.

Hemingway as a young reporter wrote some amazing stories while visiting Germany during this period. Folks literally saw their life savings reduced to a weeks worth of groceries!

Hence the ECB as mandated by the Bundesbank is keenly on guard of any future actions that would enable a like devaluation of purchasing power.

America vis a vis Bernanke and Paulson is on the SAME road as post WWl Germany and 1970's Argentina.

Quote from bali_survivor:

Better take note of this.

The Germans speak from experience: they tried to do the same thing back in the 1940's. A few big companies controlling the government and starting war's under false pretences on different fronts.

It's no different with the US this time around. E.g. "Let's find some scapegoats to blame everything on".

It reminds me of the old saying "but this time it is different", yeah right. If there is one thing that history teaches us is that mankind learns squat from history and that they keep on doing the same stupid thing.

Maria

 

[Thermactor]

Quote from jficquette:

Especially a country who caused the deaths of 40 million people just 60 years ago.

John

must...avoid....being...drawn...into...political....discussion

 

[original]

if you are too stupid to figure what is going on,

and lets face it...........lot of you are

then BUY gold, you know the kind you can hold in your hand

the only problem is,...........you need money to buy gold

LOL THE IRONY

poor can not do what they need to, in order to save themselves

cause they are poor

LOL

 

[sumosam]

Now is NOT the time to buy gold...gold was simply one of the last asset classes to be blown up. In a deflationary environment, everything goes down. $usd can devalue along with gold, real estate, oil, you name it.

BTW, you need to read a German article on America with some sceptism. The high Euro is hurting Europe way more than the low dollar is impacting America. Free trade has made a low currency positive for the GDP. I know, since Canada is now suffering with a higher $...more jobs now going back to the US.

 

[Galatia]

Quote from jficquette:

Especially a country who caused the deaths of 40 million people just 60 years ago.

John

This is a good example for an ad hominem argument...

 

[andyen]

I`m not sure if this article represents the german view in general, the spiegel isn´t really known here for competence in economic questions.

 

[Thunderdog]

Quote from Pa(b)st Prime:

...the ultra- high German inflation rate along with the collapse of the Mark in the mid 1920's is what ultimately caused Nazism...

Brought about in good measure by the fairly steep WWI reparations, no?

http://en.wikipedia.org/wiki/World_War_I_reparations

"...The economic problems that the payments brought, and German resentment at their imposition, are usually cited as one of the more significant factors that led to the end of the Weimar Republic and the beginning of the dictatorship of Adolf Hitler. Some contemporaries to the signing of the treaty predicted such an outcome..."

 

[DeepFried]

Quote from Galatia:

This is a good example for an ad hominem argument...

No more so than the Spiegel article. Spiegel and the German press in general work out their frustrations and residual holocaust guilt with an endless, non-stop trashing of America.

For years, whatever the topic, they see everything as a sign of E-e-e-vil Amerikkka's imminent demise. They exist for the sake of ad hominem. The linked article is, if anything, a relatively low-key example.

 

[Pa(b)st Prime]

Quote from Thunderdog:

Brought about in good measure by the fairly steep WWI reparations, no?

http://en.wikipedia.org/wiki/World_War_I_reparations

"...The economic problems that the payments brought, and German resentment at their imposition, are usually cited as one of the more significant factors that led to the end of the Weimar Republic and the beginning of the dictatorship of Adolf Hitler. Some contemporaries to the signing of the treaty predicted such an outcome..."

Absolutely. Versailles was the catalyst of the entire German collapse.

 

[Cutten]

People are indulging in hyperbole. Weimar Germany and 1970s-80s Latin America did not go into freefall because the CPI went up 2 or 3%.

Oh and national impoverishment did not *cause* Nazism. Otherwise every country which became poor would became Nazi. The cause of Nazism was the actions of Adolf Hitler and those who willingly followed him.