anthony @ 20:20 GMT

“Deutschland, Deutschland, alles ist vorbei!” Germany, Germany, all is past (it’s all over)!
It was on 9th November, 1918, that, two days before the armistice ending hostilities in WW1, the German Kaiser abdicated; on 9th November, 1923 that Hitler’s Munich Beer Hall putsch was thwarted by the Bavarian State Government; on 9th November, 1938, that the Kristallknacht anti-Jewish progrom took place in Nazi Germany; and on 9th November, 1989, that the Berlin Wall came down.
The banknote worth 1 billion Reichsmarks issued during the hyperinflation of 1923-24 during the early years of the doomed Weimar Republic that followed the Kiaser’s abdication and preceded the Nazi takeover of power is in fact worth less than firewood and the lady in the picture is feeding her stove with banknotes.
Now the American dollar is going down the drain, taking the British and European economies with it.
A Market Without Parachutes
MIKE WHITNEY | Counterpunch | Friday November 9, 2007
America is finished, washed up, kaput. Foreign investors and central banks around the world have lost confidence in US markets and are headed for the exits. The dollar is sinking, the country is insolvent, and its leaders are barking mad. That’s bad for business. Investors are voting with their feet. They’ve had enough. Capital is flowing to China and the Far East in a torrent. It’s “sayonara” downtown Manhattan and”Hello” Tiananmen Square.
The dollar fell another 2 per cent last night, gold soared to $840 per ounce, oil topped $98 per barrel, General Motors reported a $39 billion loss after the market closed on Tuesday, the real estate market continued its downward slide, and the major investment banks are marching in lock-step towards bankruptcy.
The news is all bad. The nation’s economic foundation is in shambles. US credibility is shot. Bush and Greenspan have put us on the road to ruin. Now their work is done. We’re flat broke.
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Looks like we’re scr*wed as well!
Paul Joseph Watson | Prison Planet | Friday, November 9, 2007
Ex-Wall Street Journal Editor: Dollar Collapse Will Cripple European Economy
Former Assistant Secretary of the Treasury says world economy could return to barter system
The father of Reagonomics and former Wall Street Journal editor Paul Craig Roberts has warned that the collapsing dollar will eventually cripple the European economy and may even return the world economy to a barter system as financial chaos ensues.
The father of Reagonomics and former Wall Street Journal editor Paul Craig Roberts has warned that the collapsing dollar will eventually cripple the European economy and may even return the world economy to a barter system as financial chaos ensues.
Roberts served as an Assistant Secretary of the Treasury in the Reagan Administration and is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service.
Speaking on the Alex Jones Show yesterday, Roberts cautioned that “The loss in value of the dollar is becoming so rapid it’s alarming….we’ve got unmanageable trade deficits, budget deficits, the economy is set for recession, the wars show no end.”
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