Pistol Wrote:
Nov 24, 2012 10:17 AM
There is hope Joe 145, though it comes at a nasty price. Just as a municipal bankruptcy can overnight eliminate unfunded union and pension entitlements, Germany went through the Weimar financial collapse and came out the other side 'way ahead of France, Britain and us. France and Britain never recovered from the 30's back to the political status they enjoyed in 1920 when they ruled the roost. Somehow, the Germans figured out that productivity was the key, and while strikes and finger pointing hampered every other country, Germany went to work and pulled out. A monetary collapse here would nullify SS, Medicare and Barrycare, since no one would pay any attention to a near worthless government piece of paper.