In afraid not. Unfortunately those intrinsically worthless dollars (which constantly correct towards their intrinsic value) belong to you. The bank can print forever and cause 10% per year in purchasing power and nothing will happen. Your loss, not theirs.
The invasion of the Rhur occured after Germany refused to raise taxes to pay their war debt and instead inflated their currency. The government aka the people owe the bankers for every dollar printed. The bank has a balance sheet and if people get upity and fail to maintain the interest payments through tax they get repo'd like 1920's Germany.
In afraid not. Unfortunately those intrinsically worthless dollars (which constantly correct towards their intrinsic value) belong to you. The bank can print forever and cause 10% per year in purchasing power and nothing will happen. Your loss, not theirs.
The invasion of the Rhur occured after Germany refused to raise taxes to pay their war debt and instead inflated their currency. The government aka the people owe the bankers for every dollar printed. The bank has a balance sheet and if people get upity and fail to maintain the interest payments through tax they get repo'd like 1920's Germany.
(post is archived)