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7/11/2025, 1:37:29 PM
>>510084044
>You don't grasp cause and effect. Why did you think they debased the currency? To enable financial profitability.
They debased their currency because their Empire expanded to the point where the costs of maintaining it exceeded their ability to raise taxes to cover the costs. They resorted to "printing" money to cover the deficit.
Sound familiar? The US government has expanded beyond it's ability to raise taxes, and borrowed to cover the deficit. Now they cannot even pay back the interest, so they need to borrow and print the difference.
Fiat currency allows governments to live beyond their means in exactly the same way that credit cards allow irresponsible people to live beyond their means, and in both cases, the endgame in inevitable.
Fiat currency ALWAYS ends in a hyperinflation, but before that happens, it allows politicians to bribe voters with their own money over many election cycles, so it is irresistable to the political class.
Every politician hopes the crash will happen AFTER they are out of office, and most of them actually get away with it.
Most people on this board know what comes after Weimar.
>You don't grasp cause and effect. Why did you think they debased the currency? To enable financial profitability.
They debased their currency because their Empire expanded to the point where the costs of maintaining it exceeded their ability to raise taxes to cover the costs. They resorted to "printing" money to cover the deficit.
Sound familiar? The US government has expanded beyond it's ability to raise taxes, and borrowed to cover the deficit. Now they cannot even pay back the interest, so they need to borrow and print the difference.
Fiat currency allows governments to live beyond their means in exactly the same way that credit cards allow irresponsible people to live beyond their means, and in both cases, the endgame in inevitable.
Fiat currency ALWAYS ends in a hyperinflation, but before that happens, it allows politicians to bribe voters with their own money over many election cycles, so it is irresistable to the political class.
Every politician hopes the crash will happen AFTER they are out of office, and most of them actually get away with it.
Most people on this board know what comes after Weimar.
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