So the crippling debt we labor under today, and today's Great Recession (Obama's words) don't in some way parallel the woes of the Weimar Republic? When enough people are unemployed for a long enough time, it's no longer a recession. For tens of millions of unemployed/underemployed Americans, this IS a depression, and it has been so for the past 5 or 6 years. I saw a headline a day or so ago saying that the federal government opened the year of 2014 by charging an average of $1,088 in additional per capita taxes of varying types......to try and offset the debt it keeps running up and refusing to reign in.Cedar Park Dad wrote:Facts would be awesome to support such a statement. How many countries in Western Europe have financially collapsed in the the last 100 years? The only one I can think of is the Weimar Republic and that was due to the combination of crippling post WWI debt sanctions and the Great Depression. Even in the Americas, Argentina is the great exception, and even it could have righted itself.VMI77 wrote: Financial collapse is a mathematical certainty.....the timing and extent are the only questions.
I submit that we are, at this point in our history, far closer than most people are aware of to a financial collapse similar to that of the Weimar Republic.
.....incidentally, there were some serious moral failures in the Weimar culture similar to what we are witnessing today, not just the financial failure that many are aware of....