Utopia Talk - Politics - Gov't Owns Banks, Banks Now Own Land

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Utopia Talk / Politics / Gov't Owns Banks, Banks Now Own Land

Hot Rod
Member Thu Oct 29 05:29:20

Is what happened in The Weimar Republic a prelude to replacing the dollar when and if there is a hyperinflation?

We had the big housing bust and they did nothing to fix the underlying causes. The government now owns a great deal of property through the banks they own.

Your thoughts.

History

The Rentenmark replaced the Papiermark. Due to the economic crises in Germany after the Great War there was no gold available to back the currency. Therefore the Rentenbank, which issued the Rentenmark, mortgaged land and industrial goods worth 3.2 billion Rentenmark to back the new currency. The Rentenmark was introduced at a rate 1 Rentenmark = 1:1012 Papiermark, establishing an exchange rate of 1 United States dollar = 4.2 RM.

The Rentenmark was only an intermediate currency and was not legal tender. It was, however, accepted by the population and effectively stopped the inflation. The Reichsmark became the new legal tender on 30 August 1924, equal in value to the Rentenmark.

The monetary policy spearheaded by Hjalmar Schachtâ??the Central Bankerâ??together with the fiscal policy of German Chancellor Gustav Stresemann and Finance Minister Hans Luther brought the inflation in Germany to an end.

The Rentenbank continued to exist after 1924 and the notes and coins continued to circulate. The last Rentenmark notes were valid until 1948.

MORE:

http://en.wikipedia.org/wiki/German_rentenmark

freaky boy
Member Thu Oct 29 05:54:57
well at least now, they can stop the fraud that had been going on for the last 20 or 30 years.

milking over 50% of the working mans productivity to finance mansions, limousines and cocaine buffets for jewish bankers,

jergul
Member Thu Oct 29 06:48:38
FB
The problem is not greed. Its cultural. How we keep score. He with most toys at death wins.

The toys only a way of measuring your ranking.

Rugian
Member Thu Oct 29 06:49:48
UP, please ignore this thread. Responding will only encourage Hot Rod to strive harder to find more parallels between Obama and Hitler.

purvis
Member Thu Oct 29 07:03:34
Good idea. Ignored henceforth. TTB.

Jeddediah Wilkins
Member Thu Oct 29 07:05:54
Hot Rod is correct.

The Third Reich
Member Thu Oct 29 07:07:41
Who ever thought I would finally have my dream lived and it's happening through the presidency of a negro.

Aryan Lovechild
New Member Thu Oct 29 07:13:04
First Jesse Owens, now Obama! Jeeze!

The Third Reich
Member Thu Oct 29 07:15:42
Do not let this disuade you. THE RACE WAR IS STILL ON!

Hot Rod
Member Thu Oct 29 23:51:33

This thread has nothing whatsoever to do with race or the Nazis. It has to do with the economics of The Weimar Republic.

I expected the nonsense that was posted so far, but I thought by now it would have generated a lively discussion about economics.

Doesn't anyone have an opinion that the dollar may be headed in the same direction as the Papiermark?

Assassin
Member Fri Oct 30 06:37:05

Havent you learned by now that as an irritating troll which is the rep you've created for yourself with great enthusiasm, you'll never generate any debate ever? You've cemented yourself firmly as a flaming troll, now lie in the bed you made.

Formerly Fred
Member Fri Oct 30 06:39:15
"The problem is not greed. "

LOL

Hot Rod
Member Fri Oct 30 06:45:11

AssAss - Havent you learned by now that as an irritating troll which is the rep you've created for yourself with great enthusiasm, you'll never generate any debate ever? You've cemented yourself firmly as a flaming troll, now lie in the bed you made.

TRANSLATION =

AssAss is too stupid to have an opinion on economics.

Assassin
Member Fri Oct 30 06:48:07

^ Beautifully demonstrated by the flaming troll LOL

Hot Rod
Member Fri Oct 30 06:48:48

LOL

Assassin
Member Fri Oct 30 06:49:22

^ caught red handed...again...ROFL

Hot Rod
Member Fri Oct 30 06:50:55
^-Pot/Kettle

Assassin
Member Fri Oct 30 06:53:36

^ Continues to prove it LMAO...in his own thread even rofl...

Adolf Hitlar
Member Fri Oct 30 06:53:52
SIEG HEIL!

Assassin
Member Fri Oct 30 07:00:44
Ok, I gave it a go but started laughing at you almost immediately, Troll...
I mean, for ex, Banks *NOW* own land? This is supposed to be a NEW development thats happening NOW? Banks have owned land for centuries you know...did you not know that Troll? Really? Let me guess...a new development during Obama...?
What a load of pointless horse crap you vomit out on these boards Troll, really...

No sorry, not even if one tries to be charitable to a flaming troll who so little deserves it like you, and tries to find something worth discussing in your rumor mongering BS can it be done. You post empty flames, trolls, false rumors and lies and obviously, these things are not a matter for discussion Troll, they get flamed and trolled back.

-24-

show deleted posts

Hot Rod Member	Thu Oct 29 05:29:20 Is what happened in The Weimar Republic a prelude to replacing the dollar when and if there is a hyperinflation? We had the big housing bust and they did nothing to fix the underlying causes. The government now owns a great deal of property through the banks they own. Your thoughts. History The Rentenmark replaced the Papiermark. Due to the economic crises in Germany after the Great War there was no gold available to back the currency. Therefore the Rentenbank, which issued the Rentenmark, mortgaged land and industrial goods worth 3.2 billion Rentenmark to back the new currency. The Rentenmark was introduced at a rate 1 Rentenmark = 1:1012 Papiermark, establishing an exchange rate of 1 United States dollar = 4.2 RM. The Rentenmark was only an intermediate currency and was not legal tender. It was, however, accepted by the population and effectively stopped the inflation. The Reichsmark became the new legal tender on 30 August 1924, equal in value to the Rentenmark. The monetary policy spearheaded by Hjalmar Schachtâ??the Central Bankerâ??together with the fiscal policy of German Chancellor Gustav Stresemann and Finance Minister Hans Luther brought the inflation in Germany to an end. The Rentenbank continued to exist after 1924 and the notes and coins continued to circulate. The last Rentenmark notes were valid until 1948. MORE: http://en.wikipedia.org/wiki/German_rentenmark
freaky boy Member	Thu Oct 29 05:54:57 well at least now, they can stop the fraud that had been going on for the last 20 or 30 years. milking over 50% of the working mans productivity to finance mansions, limousines and cocaine buffets for jewish bankers,
jergul Member	Thu Oct 29 06:48:38 FB The problem is not greed. Its cultural. How we keep score. He with most toys at death wins. The toys only a way of measuring your ranking.
Rugian Member	Thu Oct 29 06:49:48 UP, please ignore this thread. Responding will only encourage Hot Rod to strive harder to find more parallels between Obama and Hitler.
purvis Member	Thu Oct 29 07:03:34 Good idea. Ignored henceforth. TTB.
Jeddediah Wilkins Member	Thu Oct 29 07:05:54 Hot Rod is correct.
The Third Reich Member	Thu Oct 29 07:07:41 Who ever thought I would finally have my dream lived and it's happening through the presidency of a negro.
Aryan Lovechild New Member	Thu Oct 29 07:13:04 First Jesse Owens, now Obama! Jeeze!
The Third Reich Member	Thu Oct 29 07:15:42 Do not let this disuade you. THE RACE WAR IS STILL ON!
Hot Rod Member	Thu Oct 29 23:51:33 This thread has nothing whatsoever to do with race or the Nazis. It has to do with the economics of The Weimar Republic. I expected the nonsense that was posted so far, but I thought by now it would have generated a lively discussion about economics. Doesn't anyone have an opinion that the dollar may be headed in the same direction as the Papiermark?
Assassin Member	Fri Oct 30 06:37:05 Havent you learned by now that as an irritating troll which is the rep you've created for yourself with great enthusiasm, you'll never generate any debate ever? You've cemented yourself firmly as a flaming troll, now lie in the bed you made.
Formerly Fred Member	Fri Oct 30 06:39:15 "The problem is not greed. " LOL
Hot Rod Member	Fri Oct 30 06:45:11 AssAss - Havent you learned by now that as an irritating troll which is the rep you've created for yourself with great enthusiasm, you'll never generate any debate ever? You've cemented yourself firmly as a flaming troll, now lie in the bed you made. TRANSLATION = AssAss is too stupid to have an opinion on economics.
Assassin Member	Fri Oct 30 06:48:07 ^ Beautifully demonstrated by the flaming troll LOL
Hot Rod Member	Fri Oct 30 06:48:48 LOL
Assassin Member	Fri Oct 30 06:49:22 ^ caught red handed...again...ROFL
Hot Rod Member	Fri Oct 30 06:50:55 ^-Pot/Kettle
Assassin Member	Fri Oct 30 06:53:36 ^ Continues to prove it LMAO...in his own thread even rofl...
Adolf Hitlar Member	Fri Oct 30 06:53:52 SIEG HEIL!
Assassin Member	Fri Oct 30 07:00:44 Ok, I gave it a go but started laughing at you almost immediately, Troll... I mean, for ex, Banks NOW own land? This is supposed to be a NEW development thats happening NOW? Banks have owned land for centuries you know...did you not know that Troll? Really? Let me guess...a new development during Obama...? What a load of pointless horse crap you vomit out on these boards Troll, really... No sorry, not even if one tries to be charitable to a flaming troll who so little deserves it like you, and tries to find something worth discussing in your rumor mongering BS can it be done. You post empty flames, trolls, false rumors and lies and obviously, these things are not a matter for discussion Troll, they get flamed and trolled back. -24-
	show deleted posts

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