History repeats itself! As this beautiful museum piece of war bonds of the past shows, at the end of a long credit cycle, states will always tend to finance their warlike actions with the morally enforced money of their citizens. In the European Union, too, we see the tendency to introduce war bonds, which would then of course be converted into so-called Eurobonds. It is therefore important to ensure that we remain financially sovereign and do not allow ourselves to be seduced into stupid financial actions by morally sour state propaganda!
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I was a huge comic fan growing up, and used to see stuff like this in 1940s era books all the time:
https://i.imgur.com/ywjjWed.png
Interesting drawing. Recently I watched The Best Years of Our Lives, and I heard for the first time terms like "Japs" and some other wordings to describe the war in Okinawa.
There was also a small altercation scene between a pacifist and a veteran. It's always interesting to see propaganda from both sides.
War bonds.
Also the draft.
Being forced to fight americas war on a shit wage.
Thanks to my spanish girl I am talking spanish. That opens a lot of doors to leave
Paraguay? no tax on overseas income, 10% on any local income, unlike spain with up 73% tax apparently
And a large german community to get my 'Bratwurst'
yeah there's loads of Germans there apparently :)
I'll go to the North Pole
hahaha why? Too cold for me! 🥶
Too many germans. Did You see the idiot president in Turkey with the Döner? If not, do not look for it, please
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Ernest Hemingway
I've read lots of Hemingway and never ran across this. Thanks for sharing! It's been almost a century since he wrote that and it rings just as true to this day.
Never drink what Hem drank!
Date of quote?
My guess is during or immediately after WW1
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
—Ernest Hemingway, “Notes on the Next War: A Serious Topical Letter,” Esquire, Sept. 1935.
(I found this info here: https://harpers.org/2007/09/hemingway-on-the-politics-of-war/)
Nice find
Earny knew what he was talking about!
https://bitcoinscoresby.com/wp-content/uploads/2024/04/Beat-back-the-WEF-Small.png
BTC - War bonds of the contrarians.
Wow. That's really a good one!!!
Nice one! Was it AI-generated ? If yes may I know if you used Dalle?
No ai, I make them myself.
"Be a patriot" and give us your money! 🤠
War bonds are voluntary. "Be a patriot" is psychological pressure. The real "last resort" is what comes after that: forced draft, forced taxes - in extreme cases fake unwithdrawable currency like in the 3rd reich. It can get worse.
Winning a war can be expensive, but losing a war is devastating. The money of a country that just lost a war is worth nothing.
Not only that, after the war its population is subject to the will of powers that still hate them and dont have their best onterest in mind.
Germans to this day cant organize, cant study or discuss their own history, they cant even depict some symbols in art and games or they can face jail time.
I'm not defending the nazi regime, just using Germany as an example that losing a war can have consequences far worse than just losing money.
Wow! that is a fine piece of propaganda. Thanks for sharing.
"Hold them because, even though the war is over, it's not yet been paid for" 🤣🤣
Also love that they call them Liberty bonds 🤣🤣 They always say the opposite to what they actually mean. There is no liberty in that, it's all slavery.
De nada
This article here mentions defence bonds:
"On Thursday leaders will discuss the idea of defence bonds, which have been floated by some, including the French president, Emmanuel Macron, as a means of funding an increase in defence investment"
https://www.theguardian.com/world/2024/mar/21/eu-leaders-urged-to-put-economies-on-war-footing-at-ukraine-negotiations
I have been writing about this for years and have so far been ridiculed as a conspiracy theorist
I can imagine! My take is, there comes a time when you have to stop warning others who don't listen and save yourself. I've been warning parents of older teens and young adults to look at 2nd/3rd (4th even) residency options in case they need to get their young people out but they treat me like I worry to much and "it'll be fine".
The powers that shouldn't be are telling us we are no longer on the post war era, we are the pre-war era. They are now using terminology like "war-footing". If people don't want to listen then that's on them.
War time policy really has a tendency to stay permanent.
German special taxes on sparkly wines to pay for the emperors navy. It's been a century, why do I pay Schaumweinsteuer? Because it never was only a temporary deal.
And now the co2 stupidity...
Take back your Liberty, hold your Euros and sell your bitcoins, do it for Your Chancellor and for our kids in Ukraine!
It's always interesting to see how historically propaganda was led, thank you for sharing.
De nada
question everything until it makes sense. 5 whys
hold you gov't securities--- so the bankers can sell it back to you lower.
Awesome plan.
No, we should ditch Bitcoin and buy ‘distressed securities’:
——
Marks’ own firm, Oaktree Capital Management, specializes in investments in distressed securities.
“When you talk about rates being higher than they have been for the previous 14 years, that’s an advantage that we enjoy today. Investors in sub-investment-grade credit instruments — high yield bonds, senior loans, mezzanine finance, etc. — today can get interest rates that approach or exceed the historic average return on equities, which is about 10%,” Marks said.
“And I think the ability to get equity-type returns from investments that offer contractual returns in that vicinity is a tremendous advantage that we did not enjoy for that whole low rate period. So, you know, we’re very excited about the future for the things we do.”
https://www.cnbc.com/2024/04/23/market-veteran-howard-marks-says-fed-is-not-going-back-to-ultra-low-rates.html
Hahahahaha
As the saying goes in my country, history doesn't repeat itself, but it rhymes!
Think they can sell war bonds in this era? There would have to offer some serious rates. Thing is they no longer have to. They just print and spend, regardless of party.
These old farts can't learn any new tricks. I suspect that's one of the big reasons why they tend to destroy whatever was left from the previous era, including history.
Bitcoin or slavery.
something interesting then, Julian Tuwim, 1929:
https://paczemoj.blogspot.com/2011/12/to-simple-man.html
https://www.youtube.com/watch?v=7wChlvZbXjY