The squeeze on Italy

Puppycow said:
You have Godwinned the thread my friend.
I don't see warning signs of an impending holocaust or invasion of neighboring countries in Italy just yet.
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"Godwinned" ? (edit, dont worry, Googled it, Godwins law, lol, didnt know that :) )

Dylan Grice at SocGen was equating the printing / lack of printing with the eventual rise of Nazi Germany a week or so back

Angela Merkel recently told Greece to make its mind up. But Germany should do the same. What’s more important: its hard money principles, or the euro? My guess is we’ll see a compromise on principle. And if we don’t, I think we’ll see a coup inside the ECB. Depending on the magnitude of the market riot which causes either of these events, we might go maximum bullish. In the meantime, valuations are selectively attractive. So we’re still minimum bullish.

A widely accepted truth is that the horrors of the Third Reich were caused by the 1923 hyperinflation. Indeed, it is a part of modern Germany's founding myth. But while Hitler's first attempted power grab occurred in Bavaria at the peak of the hyperinflation ' the November 1923 “Beerhall Putsch” ' by the late 1920s the Nazis were little more than one of the larger fringe groups whose best days were judged to be behind it.

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....It was then that something broke in Germany's collective psyche. With resurgent Nazi support, Hitler won power in 1933, his rise facilitated not only by the 1923 inflation, but by the subsequent fear of inflation.
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what Im saying is that the natural collapse of a spectacular paper bubble, met with "just a little money printing", and "just a little loss of democracy", and a bit more money printing etc etc.. is a road that we already know where it can lead.

there is never excuse to abandon fundamental principles IMO

edit... and in fact the demise of the last Roman empire all in the same article, what if any similarities can we see with today in this image? I have 5 out of 7?
 
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