Hyperinflation : Germany 1923 – USA 2013

10 Milliarden Mark - 12 August 1923 / wikimedia

10 Milliarden Mark – 12 August 1923 / wikimedia

Thorsten Polleit:

“(…) the result of a deliberate political decision
to increase the quantity of money
de facto without any limit.”

Unbacked paper money is political money
and as such it is a disruptive element
in a system of free markets.”

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Jim Willie on the Permanent QE: ‘Bankers are determined to ruin the entire system in order to retain power’

Five Million Mark Note – Hyper inflation german Reichsmark of July 1923 / Wikimedia *

“The growth of the monetary base has been staggering high since the financial crisis broke in September 2008 with the collapse of Lehman Brothers. Since the end of August 2008, the monetary base has risen from $877 billion to $2,651 billion as of September 2012. That is a giant 3-fold rise. Witness the American Weimar era, its final chapter. Continue reading

Operation Twisted Logic

“‘Operation Twist’ is another attempt to keep interest rates low and to encourage borrowing when the present crisis is in fact the result of low interest rates and excessive borrowing.”

“The Fed’s entire policy program suffers from the same defect that all market interventions suffer from. The moment you stop intervening, the underlying problems come to the surface again. Administrative price setting does not change economic reality, at least not for the better.¨ Detlev Schlichter Continue reading