pull down to refresh
21 sats \ 10 replies \ @bitcoingraffiti 4 Jul \ parent \ on: Mefo bills -- Hitler's yield farming stablecoin bitcoin
Yeh, but the jig is up once the people will redeem, no?
What if that 4% doesn't cover the mefo inflation rate (at a later stage)?
This all sounds quite unsustainable in the long run.
Oh for sure but when the bigger plan was in Germanys case expand your resource base and wealth by acquiring more territory its a viable funding program!...and free of meddling Jewish parasites who bank most of your opponents.
If the general inflation rate increases then you must increase the rate of return on the MeFo but as long as the prospects of German territory expansion remain positive all is well!
Its like investing in a tech stock which is not currently making a profit but has the potential to...until it doesn't.
In USAs case it is perhaps more a matter of managing a declining empire that has not been living within its means for many decades in the fact of the rising Chinese empire. Short term funding can help manage decline and may enable a better outcome than a collapse of USD hegemony which could otherwise occur if you cannot sell those USTs before Christmas!
reply
Hitler put his fingers on his chin, and with a pensive look said, "So you're saying that if our loot rate is higher than the mefo M2 rate...we're good, right?"
Schacht nodded and they high-fived.
Oh, what a wonderful plan our top Jerries had concocted on that sweltering day in the summer of '34. What could possibly go wrong?
reply
The global Jewish banking cartel shapeshifted itself back into the dominance it has enjoyed for centuries...and still does, although China is now a credible challenge to them.
Life and evolution need competition to function.
reply
But as an investor in these MeFo's, wouldn't you feel totally scammed once they pushed the maturity dates? I mean how many of those MeFo's were redeemed? If you only get 4%, you're gonna have to wait 25 years to merely gain the principal back. I mean what was the redeem rate? Ten years later the German empire was busted. Sounds like you should have better kept your Rentenmarks.
reply
The MeFos could be redeemed at any time for Reichmarks.
As they paid more than any other similar liquid asset people did not generally want to redeem.
The German government pushed back the automatic redemption dates because people where happy to continue holding- until they weren't.
Certainly once the German expansion project was in retreat, then demand would presumably have evaporated, but for quite a while the prospects looked good....until they didn't!
Like USTs, with MeFos, you are/were investing in the success, or otherwise, of the empire that issued them. It's all good, until it isn't...
reply
The German government pushed back the automatic redemption dates because people where happy to continue holding- until they weren't.
I highly doubt this. You have a source on this? If I was a bond holder I'd be extremely concerned if not outright infuriated if the maturity date on my bond wasn't met. This would rugpull the entire market. I'd say the time 'they weren't' was the time the maturity was first postponed.
How would you feel if you made such an investment and they'd announce the postponement? I'd immediately know it was a scam from that point on.
reply
You have a source on this?
'The company's "Mefo bills" served as bills of exchange, convertible into Reichsmark upon request.'
reply
I just read off the AI that the shortest duration was 5 years and they basically forced the creditors over into long maturity government bonds at lower rates. So in 1939 the first mefos came due and Schacht got fired and replaced by a more compliant nazi.
reply
You need to be innovative, bold, sly and lucky to get off the centuries old noose of Jewish debt slavery...
'The company's "Mefo bills" served as bills of exchange, convertible into Reichsmark upon request.'