It was noted in the press today, that Germany has at last settled reparations regarding the conflict from almost a century ago, which ties in very well with the book the author is currently reading, When Money Dies' by Adam Fergusson; describing in detail the financial turmoil in Germany, Austria and Hungary following the cessation of activities in 1918. The book gives a monthly account of inflation in the early 1920's, the period referred to as the Weimar Republic. Money was being printed on a massive scale, none of which was backed up by gold.
The very essence of this kind of monetary practice, quantitative easing, places the currency in jeopardy. We need to remind ourselves of the fact, that we have already printed ourselves £200 billion in recent times, with a suggestion that we could go ahead with more. All of this has added to the national debt, which means that we have to pay it back.
PLUS OUR CHILDREN AND GRANDCHILDREN.
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