“Record or near-record debt in the United States, Britain, France, Italy and Japan threaten to hamstring growth and sow financial instability around the globe.” NY Times. “With global debt hitting a record $337.7 trillion, these nations face increased interest payments that divert funds from public services like (military), health and infrastructure.” Google AI. You’ll notice that Germany is not on the above list.
“The German hyperinflation of 1921–1923 was a severe economic crisis where the Weimar Republic‘s Papiermark lost almost all value, driven by massive WWI debts, post-war reparations, and the printing of money. By November 1923, the exchange rate hit 4.2 trillion marks to 1 US dollar, causing widespread poverty, ruining savings, and fostering political instability.” Google AI. This would lead to a civil war between the German fascists and the German communists and then to world war 2.
And that is all I’m going to say about that!
