Transfer of money from those who earned it, to those who have political clout. (England, depression)

[SilverOne]

Why Our Credit Crunch Mirrors the Weimar Hyperinflation from 1919-1923 -- Seeking Alpha

"Speaking frankly, in all the years I have studied history, I have never seen two historical events that turn out to be exactly the same. Yet, the parallels between the German hyperinflation and the current Credit Crisis are astounding, and the likelihood that the eventual outcome will be similar, is very high. The parallels that link this crisis to the Great Depression are far weaker." by Avery Goodman

[ergohead]

Originally Posted by SilverOne

Why Our Credit Crunch Mirrors the Weimar Hyperinflation from 1919-1923 -- Seeking Alpha

"Speaking frankly, in all the years I have studied history, I have never seen two historical events that turn out to be exactly the same. Yet, the parallels between the German hyperinflation and the current Credit Crisis are astounding, and the likelihood that the eventual outcome will be similar, is very high. The parallels that link this crisis to the Great Depression are far weaker." by Avery Goodman

Yeah, Germany had to pay their entire GDP to France and England for WWI "reparations" - and we'll have to pay our GDP to China for Confidence Borrowing.