Is Inflation Again the Route to Fascism?

The Passionate Attachment

By Jeff Gates
The Passionate Attachment
December 17, 2012

The 9/11 attacks were not about terrorism; they were about setting conditions similar to post-WWI Germany. Much as the U.S. and the E.U. are mired in debt-induced recessions with no clear path to recovery, the reparations imposed on Germany in 1919 by the Treaty of Versailles threw a proud and industrious people into a humbling hyperinflation and a protracted depression. Out of that toxic financial mix emerged a rabid nationalism that took political form as the National Socialist Workers Party (Nazis). Could that be what we now see emerging in the U.S.?

Since the end of WWII and enactment of the Employment Act of 1946, the U.S. Federal Reserve has operated with a dual mandate: price stability and full employment. With inflation moderate and jobless numbers stuck at record highs, Fed chairman Ben Bernanke announced in September the Fed’s intent to…

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