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This review is from: When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany (Paperback)
The Weimar Republic crisis and hyperinflation have some very disturbingly similar aspects to the problems we are now facing in our own country, America. Actually it seems that the Weimar crisis is our worldwide crisis nowadays. Labor problems, decadent morals, populace overwhelming debt, government insolvency, banker stranglehold on the country's resources, war debt, foreign occupation, food price escalation, farmer refusal to bring produce to market at a loss, price fixing, black-market commerce that plagued the German people in the 20's and 30s is strikingly current. Except for one glaring irony, Germany is today the power house economy of the world. What a stunning reversal!!!
Reading the text, one gets the unsettling feeling that not only history repeats itself but that, very possibly, the heirs and grandchildren of the original financial players are again reenacting the drama of that time for the devastating transfer of middle class wealth to the coffers of the money manipulators. Nothing breeds repetition like stunning success. Germany was picked to the bone as this text adequately conveys very possibly by the same vultures that are busy picking the bones of the rest of the world today. "When Money Dies" is universal in its application and timely for the worldwide situation. It might very well give us a roadmap of what's in store for all of us.