I'm ususally lurking in the background, but that brings back memories - my grandfather used to talk about the run-away currency inflation in Germany during the Weimar republic and that you had to take a whole basketfull of money to the market just to buy a loaf of bread. He came over to the US around 1907 but had a lot of family still in Germany so he knew what was going on. I was quite young when he would talk about this and I found it interesting but rather academic. May now have a chance to see this for myself ... maybe not so academic ....hmmmmm.....
Jim D. On Sun, Feb 1, 2009 at 9:27 PM, R C Macaulay <[email protected]> wrote: > Howdy Vorts, > Talked with an old friend with family in Texas banking more than 140 years. > He asked me what I thought of the bailout proceedings. I mentioned it > looked more like another prelude to the Weimar Republic over in Germany > after WW1. He asked me about the rise of Hitler afterwards and I allowed > that history has a way of creating a sorta " slingshot" effect like happened > at that time.. > I said.. now it's my turn.. as an owner of several Texas banks.. what are > your thoughts? He paused and said.. I think the Weimar Republic experience > was a prelude... only this time it's not going to be another prelude..but > the real thing. > I asked ..will it include a strong man rising afterwards?? > He said.. Richard.. I see you know your Bible. > > >
