2cents, I was concerned that you might not be willing to rely upon the particular internet links I already provided, so I found one from an authoritative source, the Encyclopaedia Brittanica, at http://www.britannica.com/eb/article-58204: Are you now willing to back away from your claim that: If you are not willing to back away from your claims, then I am sure everyone would be most interested in your own analysis of Weimar history. I'm sure everyone would be interested if you could engage in any discussion of history at all, for that matter. Please, by all means, discuss the topic, and try to give me and all the other frauds and morons on EliteTrader just a bit of an education. I have asked you, over and over again, to please explain your views on Weimar history, but I get nothing in response except insults and accusations that I am a moron and a fraud. Please, 2cents, teach us the non-moronic, non-fraudulent history of Weimar's hyperinflation.
look, i am with you for the most part here, but ranting never solves much, right? what are the alternatives? your best hope is that progress-minded domestic and cross-borders peer pressure type forces will help steer us all towards better places... a strengthening of the Eurozone would be a good step, there are encouraging developments in the Asean region... will it be too little too late? dunno... stuff like that i find more worrying http://www.earthisland.org/EIJOURNAL/new_articles.cfm?articleID=663&journalID=67 and there's tons more if you read the Earth Report and other non-partisan, NGO scientific type publications...
I visited nicaragua during the sandinista regime in the 80´s. They had hyperinflation back then... I changed a $100 dollar bill once... I needed a suitcase to carry it... it wasnt even funny having to pay 10MM cordobas for a freaking coke...
that's quite a relief i must say! what else would you be resorting to if you were ever bothered more than a trifle, i can't even begin to imagine as for weimar, you have quite aptly provided a summary picture of what happened, the funny thing is: whats caused and led to weimar hyperinflation is there for you to see written in fairly plain words and great contextual detail but you still can't seem to see it... or are you trying to say that we are any close today to anything like the context out of which the weimar hyperinflation occurred! is that your idea of an analogy being 'relevant'? perhaps you're just a CLOWN then, an ACCIDENTAL FORM OF INTELLECTUAL FRAUD... plse keep amusing us jimmy, the more you post the better it gets!
yeah well if the jimrockfords of this world start printing their own currencies you BET there is gonna be some hyperinflation, man... whether they are publicly indebted or not, for that matter... and i am not even talking about their debt / output ratio... output, they have a lot of, useless for the most part, but A LOT...
2cents, No, I am not trying to say that we are close to hyperinflation or close to the Weimar Republic (although we have some parallels to Weimar, like the government's war on the middle class, and politicians who prefer to bankrupt the government, rather than tax the rich to cover the public debt). I am trying to say, among other things, that I don't think either one of us knows if dollar hyperinflation will occur. How many times do I have to repeat this, before you will finally comprehend it? You have once again dodged my question on the topic. Once again, 2cents, now that you have seen some historical evidence: Are you, or are you not, backing away from your claim that public debt had nothing to do with Weimar Germany's hyperinflation? I think your repeated failure to answer this question is due to your unwillingness to accept the embarassment of admitting that you exaggerated the extent of your knowledge on the subject of hyperinflation.
of course i am not dude... i stand by what i wrote, no ifs no buts... how is that not obvious to you, total mystery to me honestly!? you ARE really a CLOWN, aren't ya?? or perhaps you now prefer to be taken for a clown, seems more honourable than an INTELLECTUAL FRAUD? perhaps you're both... anyway plse keep going doesn't seem your brain is able to get thru the day otherwise... for a guy who's not even a trifle annoyed, thats quite interesting behaviour.... are you out trying to prove anything in particular by any chance mate? sthg like your good words got misinterpreted or sthg? anyway i cld be of service??
OK, let us just be very clear. My understanding is that you have just confirmed that you are NOT backing away from your claim, by which you stated that: public debt had nothing to do with Weimar Germany's hyperinflation. Right? Please correct me if have misinterpreted you, or in the alternative, confirm if I have interpreted you correctly, OK? I'm waiting.
right now i am in a position to confirm that i am going to bed but rest assured i'll get back jimbo altho my answer shld be obvious to you can you guess? (clue: i stand by what i wrote, no ifs no buts) your a serious piece of laugh, i'll give u that, but a clown still...
OK, 2cents, that is a confirmation. You confirmed that you are not backing away from your claim, and that you are standing by it. Your claim is that public debt had nothing to do with Weimar Germany's hyperinflation of 1923. I have already posted extensive historical proof, including some from the Encylopaedia Brittanica, showing that excessive public debt was, indeed, a cause contributing to Weimar Germany's hyperinflation of 1923. I think that any reasonable, objective person, can see this from the information I posted. You haven't challenged the accuracy of the sources I posted in any way. You merely disagree with me as to their interpretation. I think any reasonable, objective person can see that I am correct about this point, and that you are in error, as to the link between Weimar's public debt and its hyperinflation. I think it then becomes clear that your shrill accusations and insults against me are motivated by ignorance, lack of integrity, and other psychological issues on your part. I can also assure you that if you do a little research, you will discover that there is no serious dispute on this question, and that both economists and historians widely acknowledge that excessive public debt has contributed to many hyperinflationary currency collapses. You don't have to be a PhD to understand this. A government which owes money it can't repay has a powerful motive to print too much of its own currency, as a way of imposing the tax of inflation upon its subjects. The effort is to use this tax of inflation as a way to help pay the government's debts. If the government's debts are, like those of the U.S. government, denominated in the same currency controlled by the debtor government itself, then the motivation is even stronger, because the government can then use inflation to shrink the real value of its public debt. None of this says we are going to have dollar hyperinflation, or that we are close to having it. All of my arguments are aimed at demonstrating that nothing we have seen, in this thread, from 2cents or anybody else, gives any reasonable basis to believe that a dollar collapse, panic, or hyperinflation will not happen. We must therefore conclude that maybe they will, and maybe they won't, until somebody comes up with a better counterargument against these unpleasant scenarios. I think I have made my point, and so, I cannot promise that I will continue to respond to your insults and accusations. I would, however, still like to hear from you, or others, on the subject of the thread.