Global Weimarisation
Posted by Ivo Cerckel on June 14th, 2009
IMF bond plan attracts emerging countries, highlights US woes
By Hugues Honore
http://www.zawya.com/story.cfm/sidANA20090614T030227ZJRE51
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WASHINGTON, Jun 14, 2009 (AFP) – The International Monetary Fund’s plan to issue bonds for the first time has attracted several large emerging countries looking to diversify investments to the detriment of the dollar, whose luster is dimming under the mushrooming US budget deficit. UNSNIP
Yes, more worthless fiat paper
Can you spell “Global Weimarisation”?
Again an indication that something of the nature of a revolution is coming.
Ivo Cerckel
honestmoney@maktoob.com
Inflation in the Weimar Republic
From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic
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The inflation in the Weimar Republic was a period of hyperinflation in Germany (the Weimar Republic) during 1921-1923.
No related posts.
June 14th, 2009 at 18:07
They want to unwind Weimarisation
Rich nations plan study on unwinding stimulus policies
Reuters
Published: June 14, 2009, 00:04
http://www.gulfnews.com/business/Economy/10322414.html
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Lecce, Italy : The world’s rich nations were on Saturday expected to commission a study on how to unwind policies to rescue their economies, though officials are still cautious about the speed of a recovery.
The Group of Eight (G8) finance ministers, meeting in southern Italy, will ask the International Monetary Fund (IMF) to conduct the study in a communique to be released later yesterday, a G8 source told Reuters.
June 14th, 2009 at 18:22
But they cannot reach agreement on how to exit Weimarisation, let alone that they can exit it.
Though the G8 discussed so-called exit strategies from the unprecedented measures to prop-up banking systems and lift economies out of recession, no agreement was reached.
(From The Sunday Times
June 14, 2009
G8 note of hope on world economy
David Smith, Economics Editor
http://business.timesonline.co.uk/tol/business/economics/article6493375.ece