And if i remember germany had come off the gold standard in about 33 and was funding internal expansion through government issued bonds as well as a refusal to payback overseas debt
Except one the dawes and young loan
As I said what debt ! ,
and its what NZ , greece and Ireland should have done or do . As fraudulent debts shouldnt be paid back.
yes , I said fraudulent.
ps buy me a can of waikato and see how easy I am ! ...
"Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."
you answered it yourself (above) plus as Goering said they were basically bankrupt despite not paying their debt even after stealing all of the Czech and Austrian gold and wealth.
Nazi government was operating on the edge as early as 1937, and that looting the Austrian treasury in that year kept things afloat. Siezing the Ceczh treasury in early 1939 helped as well.
By 1939 his bubble economy was about to burst.Germany's current balance of payments moved into deficit in 1938. In the winter of 38/39 Hitler faced a choice of either curtailing civilian consumption or slowing down rearmament.
Goering November 1938 "There is a tremendous shortage of skilled workers .....This cannot be relieved through closing down the factories which produce seemingly unimportant consumer goods. For when the workers can no longer buy consumer goods for their wages......that is the beginning of inflation, and that is the beginning of the end".
The Nazis given Germany's recent history of hyper inflation would naturally wish to avoid inflation at all costs. Hitler 22 August 1939 "Our economic situation is such that we can hold out a few more years.....We have no other choice, we must act".
Simply pretending debt doesn't exist doesn't actually work.
Waikato....Not only easy, but piss poor taste in beer as well.
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Kinky is using a feather. Perverted is using the whole chicken
New twist looming in USA Presidential election? http://www.washingtonexaminer.com/ho...rticle/2600592
Homeland eyes special declaration to take charge of elections ---------Third term for Obama coming up?
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Get fucked!!!
Actually there isn't a lot in it...
https://www.iqtestforfree.net/averag...y-country.html
So near and yet so far away! - America? - anything can happen - are the Democrats (as has been suggested) flogging a dead horse?
Maybe a dead donkey ...
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"So if you meet me, have some sympathy, have some courtesy, have some taste ..."
One does wonder about the us bond market ...two and a quarter now?.... Who in their right mind would buy us debt..
Especially after Obama missed out on the red carpet..
Classic snub ...
sent for a divine source
"Look, Madame, where we live, look how we live ... look at the life we have...The Republic has forgotten us."
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