I also see parallels with the huge inflation and unemployment of Germany during the Weimar Republic.
And we all know what and WHO that led to over there.......
I’m contemplating retirement in 8 or 10 years having lost 50% of my equity value and another 50% or more through inflation. I figure in real terms, I’ll have about 25% of what I had forecast and planned to retire on. I’m not sure what to do now except work until I drop dead...if I can find something useful besides being a greeter at Walmart.
Many people state that banks may be forced to lend, I believe it will be in conjunction with "Stimulus checks" of monopoly money, to help consumer spending.
I also see parallels with the huge inflation and unemployment of Germany during the Weimar Republic.Wait! There's even more parallels. Bertelsmann, the biggest single producer of Nazi propaganda, substantially contributed to creating the phenomenon that has come to be known as "Obamamania". And the largest single segment of Obama votes arguably came from German-Americans with a proclivity for socialism.