Comments: Weimar America is not stable.

This is the singularity that will clean up the mess liberalism made of this country. Since it runs on OPM, the absence of OPM is a death knell.

The Gummint can't print more for what is present is worthless. Only those that have hard currency, barter goods or access to other currencies and no debt will survive.

Posted by Vermont Woodchuck at October 27, 2014 10:55 AM

You will eventually be correct VW, but not yet. The American War of Independence was financed by phantom money because Ben Franklin claimed, falsely, that American paper currency was backed by $2 million Spanish dollars. The ruse worked for several years, and by then the French and Spanish had stepped in on our side.

Point is, fiat money can keep things going for quite a while, especially with a deluded populace, which our founding population were not. But when you have a country that twice elects a malevolent fraud, in addition to holding a vast array of insane beliefs, funny money can keep things afloat, after a fashion, for quite a while. Too bad, isn't it? But, again my friend, you will eventually be proven right.

Posted by DonRodrigo at October 27, 2014 11:12 AM

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