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05-20-2009, 04:20 PM #1
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TIME TO GET OUT THE WHEELBARROWS? WEIMAR HYPERINFLATION
TIME TO GET OUT THE WHEELBARROWS?
ANOTHER LOOK AT THE WEIMAR HYPERINFLATION
Ellen Brown, May 19th, 2009
http://www.webofdebt.com/articles/hyperinflation.php
“It was horrible. Horrible! Like lightning it struck. No one was prepared. The shelves in the grocery stores were empty.You could buy nothing with your paper money.
– Harvard University law professor Friedrich Kessler on on the Weimar Republic hyperinflation (1993 interview)
Some worried commentators are predicting a massive hyperinflation of the sort suffered by Weimar Germany in 1923, when a wheelbarrow full of paper money could barely buy a loaf of bread. An April 29 editorial in the San Francisco Examiner warned:
“With an unprecedented deficit that’s approaching $2 trillion, [the President’s 2010] budget proposal is a surefire prescription for hyperinflation. So every senator and representative who votes for this monster $3.6 trillion budget will be endorsing a spending spree that could very well turn America into the next Weimar Republic.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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