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To: blam
For what it is worth, current U.S. indicators (i.e. deficit as a percent of total government expenditures, government debt as a percent of GDP, etc) are worse than the same indicators were for the Weimar Republic in 1923, and in Argentina, Brazil and Bolivia in the mid-1980's.

Also for what it is worth, the 18-month "grace" period between the time the government ruins its currency and a hyperinflationary panic begins as cited in the article can be somewhat longer. For example, in the case of the Weimar Republic, the lag time was about 24 months.

Finally, our financial goose is cooked to the point where issues such as ObamaCare, fat civil service pensions, and runaway entitlements (Social Security, Medicare and Medicare) are moot. We cannot afford them, and they will therefore not happen - at least in any form recognizable to anyone reading this post.

5 posted on 09/01/2010 8:30:27 PM PDT by Zakeet (Mark Steyn: We're too broke to be this stupid)
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To: Zakeet
"Finally, our financial goose is cooked to the point where issues such as ObamaCare, fat civil service pensions, and runaway entitlements (Social Security, Medicare and Medicare) are moot. We cannot afford them, and they will therefore not happen - at least in any form recognizable to anyone reading this post. "

So...what will happen?
Some people will die without those.

7 posted on 09/01/2010 8:40:19 PM PDT by blam
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To: Zakeet
Finally, our financial goose is cooked to the point where issues such as ObamaCare, fat civil service pensions, and runaway entitlements (Social Security, Medicare and Medicare) are moot. We cannot afford them, and they will therefore not happen - at least in any form recognizable to anyone reading this post.

I agree. I've gotten past feeling outrage over the excessive spending and debt. It's all moot at this point. It's just the lull before the storm that sweeps everything off the table. Worrying about it is like someone arguing with a fellow passenger about cheating during a poker game on the Titanic. It's meaningless. Buckle up.

10 posted on 09/01/2010 8:46:56 PM PDT by Prince Caspian
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