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Holocaust - Kratzen an der Erinnerungskultur - Politik
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Street Freak Inflation King - Mauldin Economics
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SUPPLEMENT: Before, during and after March
Ben Lewis explores the multiple causes behind what was a badly calculated bid to artificially induce
revolution in Weimar Germany
Heavens above, what is going on here! Genuine remorse, even if enforced, or nothing of the kind? Do you really know what you have done? The best action, the noblest and highest cause . a cause that god just for once put in your hands, you have treated like muck in a pigsty
(Gerhart Hauptmann
Our path against putschism)
This article, which is based on a talk I gave to the Online Communist Forum in March, represents a first attempt to revisit and reinterrogate the complex chain of events known as the ‘March Action’ or - more accurately - the ‘March struggles’ of 1921, which culminated in a failed attempt to bring about a general strike nationally and seize power by the Communist Party of Germany (KPD). However, looking back a hundred years on, things appear more like a ‘Whodunnit’.
Is hyperinflation around the corner?
With two new massive stimulus packages on the way, concerns have risen that the US will repeat the hyperinflation of Germany’s Weimar in the 1920s. Inflation is coming but interest rates should head lower over the next 18 months to a few years. Once COVID recedes due to mass vaccinations enabling human beings to reach herd immunity, many more businesses will reopen to the public and people will start spending again.
Certainly, too much money chasing too few goods will induce accelerating inflation. This could cause a spike in inflation as demand surges which will force the Fed to try to raise interest rates but this will cause the stock and bond market to correct.
There’s no universally agreed-upon definition of hyperinflation. But one widely used benchmark says hyperinflation exists when prices increase 50% or more in a single month. So if gasoline is $3.00 per gallon in January, $4.50 per gallon in February and $6.75 per gallon in March and the prices of food and other essentials are going up at the same pace, that would be considered hyperinflationary.
It also tends to accelerate once it begins, meaning the monthly 50% increase soon becomes 100%, then 1,000%, etc., until the real value of the currency is utterly destroyed. Beyond that point, the currency ceases to function as a currency and becomes litter, good only for wallpaper or starting fires.
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