CDZ Is the U.S. like Germany in 1928?

[jwoodie]

In 1928, Germany was experiencing a period of prosperity after recovering from WW1 and borrowing huge amounts of cash from the United States. Beneath this veneer, there was serious political turmoil as communists and fascists battled in the streets. Then the stock market crash of 1929 caused the U.S. to call in all of its loans and create an even greater economic depression in Germany, thereby destabilizing its government and paving the way to dictatorial rule.

Is the U.S. poised to repeat this experience? We too are experiencing a period of prosperity based on unsustainable borrowing from other countries, and also with an unprecedented level of political rancor and divisiveness.

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Is this scenario completely improbable, or is it too horrible to contemplate?

 

[Auld Phart]

Back then Germany was all white.. Like the Republican Party.

But today, we have a political party, the Democrats, that look like America.

BULLSHIT

 

[alang1216]

In 1928, Germany was experiencing a period of prosperity after recovering from WW1 and borrowing huge amounts of cash from the United States. Beneath this veneer, there was serious political turmoil as communists and fascists battled in the streets. Then the stock market crash of 1929 caused the U.S. to call in all of its loans and create an even greater economic depression in Germany, thereby destabilizing its government and paving the way to dictatorial rule.

Is the U.S. poised to repeat this experience? We too are experiencing a period of prosperity based on unsustainable borrowing from other countries, and also with an unprecedented level of political rancor and divisiveness.

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Is this scenario completely improbable, or is it too horrible to contemplate?

Over 25% of US debt is owed to foreigners with China holding almost 10% by itself. If they wanted to hurt us and didn't care about hurting themselves, they might begin selling our debt. If Trump can't get a trade deal, selling just before the election may allow them to get rid him. We'd all be hurt but China may feel justified and they don't have to answer to their own people.

 

[gtopa1]

In 1928, Germany was experiencing a period of prosperity after recovering from WW1 and borrowing huge amounts of cash from the United States. Beneath this veneer, there was serious political turmoil as communists and fascists battled in the streets. Then the stock market crash of 1929 caused the U.S. to call in all of its loans and create an even greater economic depression in Germany, thereby destabilizing its government and paving the way to dictatorial rule.

Is the U.S. poised to repeat this experience? We too are experiencing a period of prosperity based on unsustainable borrowing from other countries, and also with an unprecedented level of political rancor and divisiveness.

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Is this scenario completely improbable, or is it too horrible to contemplate?

Over 25% of US debt is owed to foreigners with China holding almost 10% by itself. If they wanted to hurt us and didn't care about hurting themselves, they might begin selling our debt. If Trump can't get a trade deal, selling just before the election may allow them to get rid him. We'd all be hurt but China may feel justified and they don't have to answer to their own people.

And if they sell the debt at a loss...so??

Greg

 

[williepete]

If they wanted to hurt us and didn't care about hurting themselves

Yep. There's an old saying that goes something like, "If I owe you one thousand dollars, I have a problem. If I owe you one million dollars, you have a problem."

 

[alang1216]

In 1928, Germany was experiencing a period of prosperity after recovering from WW1 and borrowing huge amounts of cash from the United States. Beneath this veneer, there was serious political turmoil as communists and fascists battled in the streets. Then the stock market crash of 1929 caused the U.S. to call in all of its loans and create an even greater economic depression in Germany, thereby destabilizing its government and paving the way to dictatorial rule.

Is the U.S. poised to repeat this experience? We too are experiencing a period of prosperity based on unsustainable borrowing from other countries, and also with an unprecedented level of political rancor and divisiveness.

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Is this scenario completely improbable, or is it too horrible to contemplate?

Over 25% of US debt is owed to foreigners with China holding almost 10% by itself. If they wanted to hurt us and didn't care about hurting themselves, they might begin selling our debt. If Trump can't get a trade deal, selling just before the election may allow them to get rid him. We'd all be hurt but China may feel justified and they don't have to answer to their own people.

And if they sell the debt at a loss...so??

Greg

Basic econ. If they sell, we'll have to pay more interest and our debt burden will grow. We'll have less money and more inflation.

 

[alang1216]

If they wanted to hurt us and didn't care about hurting themselves

Yep. There's an old saying that goes something like, "If I owe you one thousand dollars, I have a problem. If I owe you one million dollars, you have a problem."

Unless hurting you is worth a million to me, then it is your problem. The China are very good at long-term planning.

 

[diver52]

In 1928, Germany was experiencing a period of prosperity after recovering from WW1 and borrowing huge amounts of cash from the United States. Beneath this veneer, there was serious political turmoil as communists and fascists battled in the streets. Then the stock market crash of 1929 caused the U.S. to call in all of its loans and create an even greater economic depression in Germany, thereby destabilizing its government and paving the way to dictatorial rule.

Is the U.S. poised to repeat this experience? We too are experiencing a period of prosperity based on unsustainable borrowing from other countries, and also with an unprecedented level of political rancor and divisiveness.

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Is this scenario completely improbable, or is it too horrible to contemplate?

I think there are key differences, particularly in the stability of the government. The German government was brand new without the institutions needed to keep it going. It was simply not strong enough to withstand the collapse. The US went through much the same thing at the same time and we survived. We survived a civil war. There could be hard times ahead, but that won't kill us.

 

[M14 Shooter]

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Hopefully, you converted you 401k into ammunition.

 

[jwoodie]

I think there are key differences, particularly in the stability of the government.

Don't you think the stability of our government is already threatened? Half of the population would like to see our President removed from office, and no one trusts the FBI.

Our civil liberties are constantly eroding, and every manufactured "crisis" invites further attack. What will happen if a real crisis occurs? Blood in the streets followed by martial law?

 

[diver52]

I think there are key differences, particularly in the stability of the government.

Don't you think the stability of our government is already threatened? Half of the population would like to see our President removed from office, and no one trusts the FBI.

Our civil liberties are constantly eroding, and every manufactured "crisis" invites further attack. What will happen if a real crisis occurs? Blood in the streets followed by martial law?

No, I don't think that at all. I do think that is the type of thing you hear from the various cable news programs because that is the formula that sells soap. But the reality is that our civil liberties are not being eroded, people are not starving in the streets, our institutions are not foundering and we are in pretty good shape. We have survived bad presidents in the past, we can survive it now and in the future.

 

[2aguy]

In 1928, Germany was experiencing a period of prosperity after recovering from WW1 and borrowing huge amounts of cash from the United States. Beneath this veneer, there was serious political turmoil as communists and fascists battled in the streets. Then the stock market crash of 1929 caused the U.S. to call in all of its loans and create an even greater economic depression in Germany, thereby destabilizing its government and paving the way to dictatorial rule.

Is the U.S. poised to repeat this experience? We too are experiencing a period of prosperity based on unsustainable borrowing from other countries, and also with an unprecedented level of political rancor and divisiveness.

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Is this scenario completely improbable, or is it too horrible to contemplate?

No.....we will only be like Germany, 1928 if the democrat party takes control.

 

[sartre play]

Have no answer, just don't like the direction we are going. some one said yesterday that chaos is good, I disagree.

 

[Agit8r]

Well, the right wing today says the much the same things. Just not in as big of words:

http://www.cptstrs.org/wp-content/uploads/2018/07/English-Volume1-1.pdf

 

[candycorn]

In 1928, Germany was experiencing a period of prosperity after recovering from WW1 and borrowing huge amounts of cash from the United States. Beneath this veneer, there was serious political turmoil as communists and fascists battled in the streets. Then the stock market crash of 1929 caused the U.S. to call in all of its loans and create an even greater economic depression in Germany, thereby destabilizing its government and paving the way to dictatorial rule.

Is the U.S. poised to repeat this experience? We too are experiencing a period of prosperity based on unsustainable borrowing from other countries, and also with an unprecedented level of political rancor and divisiveness.

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Is this scenario completely improbable, or is it too horrible to contemplate?

We’re making a subset of our population a scape goat for whatever societal ills are perceived. So much so we have violence against them and a large population that cheers the violence.

Very German like

 

[Correll]

Back then Germany was all white.. Like the Republican Party.

But today, we have a political party, the Democrats, that look like America.

Correct. Germany despite everything, had an ethnic unity that would ensure that it would survive as a nation, any political divide.


Thanks to mass immigration, we do not have that.


So, the situation is possibly WORSE than Germany, 1928. Much worse.

 

[Correll]

In 1928, Germany was experiencing a period of prosperity after recovering from WW1 and borrowing huge amounts of cash from the United States. Beneath this veneer, there was serious political turmoil as communists and fascists battled in the streets. Then the stock market crash of 1929 caused the U.S. to call in all of its loans and create an even greater economic depression in Germany, thereby destabilizing its government and paving the way to dictatorial rule.

Is the U.S. poised to repeat this experience? We too are experiencing a period of prosperity based on unsustainable borrowing from other countries, and also with an unprecedented level of political rancor and divisiveness.

What might happen if the world's economies all contracted and our public credit sources all dried up? Would our money be reduced to the value of wallpaper? Would our democratic institutions survive the ensuing public unrest?

Is this scenario completely improbable, or is it too horrible to contemplate?

We’re making a subset of our population a scape goat for whatever societal ills are perceived. So much so we have violence against them and a large population that cheers the violence.

Very German like

I know. The constant bashing of whites by the media, pop culture, mainstream politicians, it is madness.



This thread is great!

 

[Correll]

If they wanted to hurt us and didn't care about hurting themselves

Yep. There's an old saying that goes something like, "If I owe you one thousand dollars, I have a problem. If I owe you one million dollars, you have a problem."

Unless hurting you is worth a million to me, then it is your problem. The China are very good at long-term planning.

To be fair, the Chinese have a lot of short term problems. That they are probably pretty worried about.

 

[Correll]

Well, the right wing today says the much the same things. Just not in as big of words:

http://www.cptstrs.org/wp-content/uploads/2018/07/English-Volume1-1.pdf

Links are to support a point you make, not make them for you.


No one read that.

 

[Manonthestreet]

Back then Germany was all white.. Like the Republican Party.

But today, we have a political party, the Democrats, that look like America.

What does color have to do with economic pain and how the general populace reacts.....