After World War 1 the German government of the Weimar Republic experienced a period of hyperinflation from 1921 to 1923, brought on, in part, by the war reparations inflicted on Germany by the Versailles Treaty ending the war, a war Germany lost but did not start. The London Conference of 1921 at which Britain and France demanded the reparations be paid in gold was the tipping point. In 1918 one gold German mark was equal to one paper German mark. By the end of 1923 one gold German mark was equal to one trillion paper German marks. Are we heading for a similar hyperinflation? The signs are not good. The Obama administration has saddled the US with trillions upon trillions of debt as far into the future as the eye can see. Foreign countries are looking around for an alternate reserve currency, and if that happens oil will no longer be priced in dollars, which means the US Treasury will have to buy whatever currency is then the world reserve. When the dollar is no longer the world’s reserve currency China will no longer buy our Treasury bills. What happens when China demands hard currency for the trillions of dollars in US treasuries it already owns? The next question is, is this all a part of the plan to degrade the United States, to reduce us to just another middle of the pack country, no longer the hyperpower, no longer the big kid on the block? There are some, perhaps many, in the Democratic party who would like to see the United States brought down a peg or two. Is massive debt and the destruction of the currency the Left’s dream of gaining permanent control of a weakened United States?
In Weimar people cried Why me?
As savings turned to smoke
A lifetime’s earnings now a sea
Of debt and in their poke
Instead of solid paper cash
That once bought bread and wine
They found the paper money trash
A billion marks to dine
The middle class gone in a trace
The solid burghers done
And now the US in the race
All started by the One
Who thinks a trillion here and there
Is nothing, what the heck
With trillions more ‘til cupboard’s bare
That’s how he’s stacked the deck
We know what fate befell them next
A Hitler was his name
O dreams that with the right pretext
He too can play that game
Let not a crisis go to waste
Is O’s bright guiding light
He’s got four years, that’s why the haste
To do the darn thing right
Just grow the debt by leaps and bounds
Print money like the snow
Providing O with ample grounds
To cry the Law must go
He dreams he’ll guide the broken Ship
Of State to calmer climes
And once he has a nice firm grip
The Post and New York Times
Will name him President For Life
Obama The Supreme
And then just won’t he twist the knife
Ah but a man can dream