Re: Could the Weimar Hyperinflation Happen Again in America? Quote:
Originally Posted by montmorencyt2w |
Interesting post MontMorency - as Blanchflower is one of the few economists who got the extent of the recession and depression before anyone else voting for monetary relaxation.
Whilst I concur with his views there are some very serious structural imbalances.
1. Aging popullation - means people aren't producing sufficiently to replace those dying
2. We have a net migration out of the UK in terms of brain drain
3. We have skewed distribution of wealth - in the hands of ******s who buy luxery items imported from abroad
4. We have diminishing active young popullation with no money = funds to invest
5. We have a decimated manufacturing industry
6. An effed up financial sector full of fat ******s who get rewarded for failure
7. We now have a debt burden that can only be paid by further running down services and raising taxes which the many poor sector of society will have to pay
8. We have an impending pension and health crises to say the least
9. We are fighting a war we cannot win
10. We have Gordon Brown for prime minister who has put an end to boom and bust...
We'll soon be rid of the old Brown **** and get some new hot **** in Cameron.
**** happens all the time.
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