The Biggest Ponzi Scheme on the Planet-The U.S. Government
"American Economic Exceptionalism Explained"                     USAPonzi                                      by John W. White   Mar 29, 2013

Weimar Republic
Apr 2013

The following is the result we can expect if we continue QEinfinity to the degree necessary to meet the financal commitments represented by our Federal Obligation that was created by the underlying USAPONZI Scheme.   By promising to make more social benefit payments than we can afford, the Federal Government will be required to print an ever increasing amount of new dollars to meet those commitments resulting in hyperinflation as happened in the Weimar Republic in the early 1920's.

The Weimar Republic (German: Weimarer Republik ) is the name given by historians to the federal republic and parliamentary representative democracy established in 1919 in Germany to replace the imperial form of government. It was named after Weimar, the city where the constitutional assembly took place.

Following World War I, the republic emerged from the German Revolution in November 1918. In 1919, a national assembly was convened in Weimar, where a new constitution for the German Reich was written, then adopted on 11 August of that same year. The ensuing period of liberal democracy lapsed by 1930, when Hindenburg assumed dictatorial emergency powers, leading to the ascent of the nascent Nazi Party and Adolf Hitler in 1933. The legal measures taken by the new Nazi government in February and March 1933, commonly known as the machtergreifung (seizure of power) meant that the government could legislate contrary to the constitution. The republic nominally continued to exist until 1945, as the constitution was never formally repealed, but the measures taken by the Nazis in the early part of their rule rendered the constitution irrelevant. Thus, 1933 is usually seen as the end of the Weimar Republic and the beginning of Hitler's Third Reich.

In its fourteen years, the Weimar Republic faced numerous problems, including hyperinflation.

In a marvelous piece of research, economist Madeline Schnapp documented this history in monetary terms. When Germany went to war in 1914, an egg cost 2 pfennigs and a loaf of bread was 10 pfennigs. In 1919, after the war ended and at the birth of Weimar, the egg was 20 pfennigs and the loaf was 1 mark. By April 1922, the egg was 4 marks, by September 9 marks, and by November 22 marks. In February 1923, the egg cost 45 marks, by May it was 800 marks, in July 1923 it cost 20,000 marks, and by August it was ten times that much: 200,000 marks. At the end of 1923 one needed billions of marks to purchase an egg, and a 1 trillion marks to buy a loaf of bread.

This hyperinflation resulted in the classic example of requiring a wheelbarrow full of deutsche marks to purchase a loaf of bread.   Due to the debt that was built up by WWI the government was not able to meet their financial commitments and resorted to endless printing of deutsche marks to finance their spending.   

This is the result we can expect if we continue QEinfinity to the degree necessary to meet the financal obligations represented by our National Burden and the underlying USAPONZI Scheme.

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