Parallel paths and the dangers of hyperinflation

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Unemployment at a historic high. The mood of the people is low and full of discontent. The country is fraught with social and economic tension, while the economy is on the verge of collapse. Millions are living in poverty trying to protect their families as turmoil, political destruction, and violence is abundant.The value of the dollar dramatically plunging as government recklessly prints money by the wheelbarrow to pay off a skyrocketing debt.

These conditions aren’t far off from what faces America today, but on TheBlaze’s hyperinflation special Wednesday night Glenn explained that these conditions were actually those of Germany at the end of the first World War as the Weimar Republic went through horrific hyperinflation. And while many would argue that the path to hyperinflation was a long and complex affair, the undeniable truth was that it was a result of the government printing money they didn’t have in order to pay off the debt. Sound familiar?

Germany ended up having to print all that money for three key reasons: 1. Negative consequences of a deadly and expensive war 2. Economic crisis of unprecedented proportions 3. Social and class division.

As a result of the first World War, Germany had several punitive reparations placed on them by the Treaty of Versailles. As the loser of the war, they were supposed to pay back the Allies for all loss and damages the victorious countries incurred.

Germany also had expensive entitlement programs, including benefit programs for veterans that they could not afford to pay. German soldiers returning home had a difficult time re-entering society, and felt betrayed when the promised benefits were not there.

Germany simply could not afford to pay their debts, and citizens could not afford increased taxes. The costs of running the government increased, so the Weimar Republic began printing money. As prices surged, sometimes increasing exponentially over a single day, people realized they had to spend their money quickly before it lost its value (hyperinflation).

During this same period, Germany saw a rise in riots, anti-semitism, political violence, and unrest. With everyone’s money becoming worthless, the institutions upon which these values were based eroded and so did the values themselves.

The deteriorating conditions left the German people desperate for a leader who could feed them, clothe them, and restore Germany to what it once had been. Coming out in strong opposition to the Weimar Republic, Adolf Hitler and the Nazis were able to eventually seize power by promising the German people a different path.

And we all know how that went.

Glenn explained on the show how today America is facing a similar situation. We stand at the edge of a fiscal cliff. We have an out of control national debt that we aren’t able to pay. Our political leadership is deadlocked, and the Fed’s solution is quantitative easing. In many way, America is following a parallel path to Germany in the 1920s.

So what do you do? Glenn explained that “In a crisis of chaos, only the most organized will take control.”

He explained there were three areas to focus on to organize and prepare:

1. Contact your governor. Tell them they get your states gold back. Strengthen local and regional banks. Make sure your state is as independent and secure as possible. Be self-sufficient at home and with your local community.

2. Get your children out of the public education system where they are being indoctrinated.

3. Change the media. Glenn is trying to do this with TheBlaze, but the truth is that the mainstream media is feeding the American people half-truth and lies. Look at primary sources, read with a critical eye, and question with boldness what the media is trying to tell you.

  • Draxx

    I don’t know how a corrupt gov’t can point fingers at others and say out loud that those people are corrupt? But, when people allow themselves to be ignorant to the policies that are being implemented, they will go blindly into the darkness.  While us few that understand what is headed our way are having a hard time getting others to understand, what we see coming.

    But, to stop trying would be even more devastating, if we give in then they win…

  • Draxx

    Soon…
    It could be past the time to put money in the bank (You put say $1,000 a month away and inflation keeps climbing and suddenly one meal cost $200, then the next day it cost $500, and the next it rises to $1,000.  The dollar loses so much value that you start making 10 times what you used to and can only buy 10% of the groceries you got in the past with that extra money.  Are you really ahead?).  I believe it would make more sense to take what resources you have now and invest all that you can into Stocking Up, Self-Sustaining Technologies, and finding alternative places to get food other than the stores (their shelves always empty during hard times).

    Precious metals can be tricky because they only have value if the other party agrees that they have value.  I would rather have my own electricity supply, food supply/stored up food, and tools for repairs (spare parts if I can afford them for critical items), and some Group Support because there is always some safety in numbers. Books for knowledge that I don’t already possess.  Oh, of course firearms and ammo wouldn’t hurt to have handy…

  • Draxx

    I do believe that we should go back to the Gold Standards, and remove excess money over a period of time… we would be much more stable financially (eventually).

  • http://www.artinphoenix.com/gallery/grimm snowleopard (cat folk gallery)

    Exactly – it would be difficult for say, 10 years, yet we could make it as long as we maintained the fiscal discipline to accompany it in Washington DC.

  • http://www.artinphoenix.com/gallery/grimm snowleopard (cat folk gallery)

    There is something more I wonder about, a story my grandfather told me who lived through that time: Hitler at one point ordered most of the wheel barrels of money exchanged for new currency at roughly 10.00 for every Billion if I recall rightly.

    I wonder if something like that will happen here when the collapse comes.

  • http://www.artinphoenix.com/gallery/grimm snowleopard (cat folk gallery)

    Those who live in darkness, or embrace it willingly, cannot stand the light of truth as it reveals their own misdeeds or faults to themselves and all others. Currently DC is a fine example of the phrase: Ultimate power is ultimately corrupting.

    Also consider the expression from Timothy: The LOVE of money is the root of all evil.

    Mostly both parties care only to gain control of the fiscal strings in DC; and so much of America has, after generations of seeing it, become accustomed to the corruption going on. 

    THAT is what I think in the end scared so many of the nation to vote for Obama (of those who did vote; and I mean actual votes, not the stolen or fabricated ones) is Romney and Ryan were true on their plans of taming the debt and making reforms that are needed.

    I for one will not be silent, I will not give up the fight for freedom until I go into the night, and I refuse to bow down to any man…especially Obama.

  • Draxx

    snowleopard, our little hobbit bows down to No Man… LOL

  • landofaahs

    Frankly I think the big boys are going to get out of the stock markets and take profits while taxes are low.  For me, I did that a while back.  I am not investing in stocks at least through this country because I want to deprive these liberal bastards in NYC of their wealth robbing machine.  You win they win.  You lose they win.  They need everyone trading to keep their little playground going while computer trading screws the average guy.  I can still make money in it but I am getting to the point of “Atlas shrugged”.

  • Anonymous

    Glenn…….soothsayer  – clairvoyant – psychic, you’re not, a bit psychotic, perhaps. Leave the crystal ball in the closet where it belongs.   If you want a crystal clear picture of the future, then go to the only source that gives it – the Holy Scriptures.

    Everything you want to know – has been written down for us to see…that’s where you should be spending your time…not on some foolish skit, that only wastes time. The truth is out there…we simply have to seek it out and find out what it is.

  • Matt Driscoll

    I wouldn’t say Hobbit. More like Gollum.

  • http://www.facebook.com/marguerite.garcia.52 Marguerite Garcia

    My sisters and I had to put parental controls on our elderly parent’s TV because this fruitcake, Glenn Beck has been scaring the chit out of them for 5 years now. They finally became so paranoid and agitated, we literally had to stage an intervention. They now have Glenn Beck-free lives. You have been peddling this “be very afraid” chit for long enough, Mr. Beck and you are HARMING this nation.

  • Anonymous

    Zerogon you are so stupid.  Glen is putting the scriptures in terms of what we are seeing in today’s world.  God shows us, from history, what we can look forward to, whether it is good or evil.  At this time, we as America have chosen to do evil, i.e. re-elect obama.  Glen is showing us how this will play out. 

    If you think Glenn is not on his knees every day, several times, you are a fool.  Heavenly Father loves us and he will send men and women to guide us, on a tower, and  show us the way.  Glen is definitely inspired by the spirit to show us what  Heavenly Father wants us to see.  You cannot bury your head in the scriptures and hope that things will be fine.  Just because you can quote scriptures, doesn’t mean you will be saved. You must do something (…faith without works is dead..) to save yourself and , hopefully, those around you.  If you know history of events, so similar to ours today, which Glen is trying to show you, you can do things which will help you and others to survive these times, and return to Heavenly Father with honor. Heavenly Father would love nothing more than for you, Zerogon, to use your talents and knowledge of these events to save the physical and spiritual lives of others.  Why do you think he held YOU in reserve for today?

    Be prepared.  Evil things are coming our way.  Glen is no prophet, soothsayer, or psychic.  But he is being lead by the spirit to help those who will see.  You, Zerogon, have much to do.  To quote a foolish man ” The truth is out there…we simply have to seek it out and find out what it is.”  Sometimes Heavenly Father seeks us out, with the truth, and expects us to respond.  What a coincidence you have found Glen Beck and the scriptures at this time in your life.  Put this knowledge you have aquired to help yourself and others to return to Him.  Don’t be surprised some day, while you are reading your scriptures and praying, when the government comes by to get you.  You have been informed by Glen and the scriptures to prepare.  

    Good luck with all you do.  May Heavenly Father bless you and your family.

  • http://www.facebook.com/bishimine Barry DaKama’aina InKali

    And I saw when the Lamb opened one of the seven seals, and I heard one of the four living creatures saying as with a voice of thunder, Come. 
    And I saw, and behold, a white horse, and he that sat thereon had a bow; and there was given unto him a crown: and he came forth conquering, and to conquer.
    And when he opened the second seal, I heard the second living creature saying, Come. 
    And another horse came forth, a red horse: and to him that sat thereon it was given to take peace from the earth, and that they should slay one another: and there was given unto him a great sword.
    And when he opened the third seal, I heard the third living creature saying, Come. And I saw, and behold, a black horse; and he that sat thereon had a balance in his hand. 
    And I heard as it were a voice in the midst of the four living creatures saying, A measure of wheat for a shilling, and three measures of barley for a shilling; and the oil and the wine hurt thou not.
    And when he opened the fourth seal, I heard the voice of the fourth living creature saying, Come. 
    And I saw, and behold, a pale horse: and he that sat upon him, his name was Death; and Hades followed with him. And there was given unto them authority over the fourth part of the earth, to kill with sword, and with famine, and with death, and by the wild beasts of the earth.

  • http://www.facebook.com/evelyn.heidbrink Evelyn Heidbrink

    i apologize if this is the wrong “area” to post this…but, i wanted to share a bit of reality that is rearing it’s ugly head more and more…

    facebook has one of its many signs/messages…”it is wrong to tax a working person almost to the breaking point, then give it to a person who is able to work, but refuses to.”  i shared it on my page to try and get a few people to understand what is going on…

    to my surprise one of my fb friends commented back…”true”…

    they agree with the comment…but…they love obama, can’t see what he is doing wrong and voted him back in!

    a comment was made the night of the election…”do these people reaize what they have done?”  my comment back was no and most of them (the voters) didn’t really care.  i was told i was wrong and that they did know…

    i still question that!!