Time to wish all my American friends a Happy New Year.

@Thinkerbell In truth I dont know exactly what is coming. Just the general trend of the outside pressures closing in. The secondary moves depend on how the government responds and how the people respond to that. Its like a tennis point of serve and rally. A smart response shifts the return and so on..I leave it to you to judge how good the responses are likely to be.. But take care...Everyone..😷

@whowasthatmaskedman

Well, we can always go a-soalin' if need be...

[media=https://youtu.be/nABowLcQlHc]

@Thinkerbell Very pretty song. I havent heard it before. Mary Travis was a striking woman..😷

@Thinkerbell Regarding the German solution to the 1920s problem. It was a novel approach. But didnt work out so well in the end..😷

@Thinkerbell Remember about this time last year, we thought America was doomed because of project 2025? Some bad things happened but America still stands.

@whowasthatmaskedman

Well, the Rentenmark stabilized the currency, but that could not prevent the Great Depression six years later, which was worldwide. After that disaster, the Weimar Republic was doomed, with voters moving in large numbers to the political radicals of the left or right. Having seen what was going on in Russia, they turned mostly to the right.

@Thinkerbell Right. It did. Until they kept on printing it and sent it the same way as the Mark..Remind you of any more recent currencies?😷

@whowasthatmaskedman

No, the Rentenmark (backed by agricultural and commercial real estate) was in use for about one year, when it was largely replaced by the Reichsmark, which was backed by gold, and officially maintained at about 4 marks to the dollar, both the Reichsmark and Rentenmark continued to circulate until 1948, when both were replaced by the Deutsche Mark, still at the same exchange rate. There was no significant inflation (despite large deficit spending for re-armament) due to draconian wage and price controls, and certainly no inflation on the scale of that of the early 20s.

@Thinkerbell You are correct. I withdraw that statement. For some reason I have the Rentenmark confused with some other situation. It is probably the original mark I was thinking of.. The Rentenmark was vulnerable in that it was not backed by gold, as you correctly state.. But the Reichsmark was backed by gold. But refreshing my memory, it seems connecting the currency being backed by gold with a later Depression might be a stretch..The $US was also backed by gold at this time and the speculative nature of an unregulated boom/bust cycle in the share market , particularly striking a severely weakened German economy had their economy even weaker than the rest of the western markets..😷