WWI finally ends - Germany paying off final owed for WWI (not II) war reparations.

[Boilers]

92 years after the first world war has ended, Germany's final installment on loan reparations will be paid.

 

[abnk]

That's screwed up.

 

[CountryBoy19]

That's screwed up.

Yeah, it just goes to show you that you can't dig yourself a hole, and then dig deeper to get out of it. So what does our current POTUS and congress do? They dig the hole deeper to get out of it... unfortunately I have a feeling there will be a news article in 2247 about how the U.S. has finally paid off the last of it's debt on the Economic Stimulus plan of 2009.

 

[Disposable Heart]

The biggest thing I think is screwed up is, while the COUNTRY has a potential obligation to pay the reparations (even though I think that was a huge screw up after WW1 for the Allies to do so), is the idea that the people that were harmed or the harmers are mostly long gone and dead. Sort of a children paying for a great grandfather's sins? Little to no sense, but then again, nothing about war, victory, loss or reparations makes any sense to me.

What, if any, are the financial consequences of WW2 that Germany has to pay?

 

[CountryBoy19]

The biggest thing I think is screwed up is, while the COUNTRY has a potential obligation to pay the reparations (even though I think that was a huge screw up after WW1 for the Allies to do so), is the idea that the people that were harmed or the harmers are mostly long gone and dead. Sort of a children paying for a great grandfather's sins? Little to no sense, but then again, nothing about war, victory, loss or reparations makes any sense to me.

What, if any, are the financial consequences of WW2 that Germany has to pay?

In the article it said they paid in the way of machinery, equipment etc, not financially.

 

[Disposable Heart]

Still, some capital, resources, labor, etc... has to go into that machinery. On the same track as that, that is money going OUT and not coming back in. Maybe huge discounts?

 

[RichardR]

Yeah, it just goes to show you that you can't dig yourself a hole, and then dig deeper to get out of it. So what does our current POTUS and congress do? They dig the hole deeper to get out of it... unfortunately I have a feeling there will be a news article in 2247 about how the U.S. has finally paid off the last of it's debt on the Economic Stimulus plan of 2009.

Not likely, chances are is that there isn't going to be a "U.S." in the year 2247.

 

[CountryBoy19]

Not likely, chances are is that there isn't going to be a "U.S." in the year 2247.

But you get the point right? The point is that our leaders refuse to learn from history. You can't dig yourself out of a hole by digging the hole deeper.

 

[RichardR]

But you get the point right? The point is that our leaders refuse to learn from history. You can't dig yourself out of a hole by digging the hole deeper.

Yup, which is the reason why I said that there probably wouldn't be a U.S. in the year 2247.

 

[rambone]

It will take America 1,000 years to dig out of its hole.