Weimar America

A young woman in Weimar Germany using the currency at the time to heat her home. Their bills look larger than ours...

The latest article from Bob Chapman's "The International Forecaster" is entitled 'America Potentially The Next Weimar or Argentina.'

Here is an excerpt:

"These policies will continue to extend the time line for a collapse. Even Alan Greenspan says $1 trillion is not enough to remedy the financial system and economic ills. Here we are on the threshold of going Weimar, as free trade and globalization, collapses perpetual currency devaluations take place and virulent inflation stalks the world, a hyperinflation that will destroy all but the very rich, who will in the end beg for their lives."

The last bit rests on Chapman's conviction that if things get bad enough a country with nine firearms for every ten people will prove to be the solution to this whole mess. Wishful thinking? Who knows? Sometimes this sounds like tough guy posturing to me. On the other hand no less than George Washington said:

"Firearms stand next in importance to the constitution itself. They are the American people's liberty teeth and keystone under independence … from the hour the Pilgrims landed to the present day, events, occurences and tendencies prove that to ensure peace security and happiness, the rifle and pistol are equally indispensable … the very atmosphere of firearms anywhere restrains evil interference — they deserve a place of honor with all that's good."

Chapman's article can be found here.