I am watching the election results with sheer amazement. While it’s far from over, Ron Paul does not seem to have any states locked up. This is sad, since a vote for any other candidate will be at least one, if not all of the following: higher taxes, more & more bigger government, Patriot Act III, IV, V, VI, and VIII, massive gun control, RF id chipping of fringe people, then YOU, increased surveillance, bigger & bigger government, nothing done about the bogus ponzi scheme called SSI, and include all the Medi stuff, and did I mention much bigger wasteful, sloth like Govenment that will force you to buy insurance, even if you can’t afford it, and well, you get the picture.

Toss in the trillions for our global wars on everything, and Ben Bernanke needs to keep the presses running 24/7. Just read that they printed up a “fresh” batch of paper to pass on to you. Hopefully we won’t end up like the Germans did in 1923…

The German Hyperinflation, 1923
Excerpt from Paper Money by “Adam Smith,” (George J.W. Goodman), pp. 57-62.

Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership in optics, chemicals, and machinery. The German Mark, the British shilling, the French franc, and the Italian lira all had about equal value, and all were exchanged four or five to the dollar. That was in 1914. In 1923, at the most fevered moment of the German hyperinflation, the exchange rate between the dollar and the Mark was one trillion Marks to one dollar, and a wheelbarrow full of money would not even buy a newspaper. Most Germans were taken by surprise by the financial tornado.

“My father was a lawyer,” says Walter Levy, an internationally known German-born oil consultant in New York, “and he had taken out an insurance policy in 1903, and every month he had made the payments faithfully. It was a 20-year policy, and when it came due, he cashed it in and bought a single loaf of bread.” The Berlin publisher Leopold Ullstein wrote that an American visitor tipped their cook one dollar. The family convened, and it was decided that a trust fund should be set up in a Berlin bank with the cook as beneficiary, the bank to administer and invest the dollar.

In retrospect, you can trace the steps to hyperinflation, but some of the reasons remain cloudy. Germany abandoned the gold backing of its currency in 1914. The war was expected to be short, so it was financed by government borrowing, not by savings and taxation. In Germany prices doubled between 1914 and 1919.

It’s obvious there is no clear leader in this race, and if Romney is tired of spending money, or the one of the other 2 drop out, Ron Paul will be able to hang in there until the end due to his money bomb raising ability. I have not hit my maximum yet, and while I would never push this on you, if you feel the same, toss him a few bucks, and maybe, just maybe, we can save what’s left of the Republic…

Christopher Winkler
Provider of Spy & Surveillance Equipment
http://EyeSpyPro.com

This entry was posted on Wednesday, February 6th, 2008 at 1:07 am and is filed under Big Brother, Public Surveillance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.