Lost American Empire

You see folks if you study history you see the same knuckle headed mistakes being made over and over again. Proceeding the collapse of the Ottoman empire the Turks also inflated their money to delay losing their empire. The Ottomans, like the modern day American empire in the region now known as Iraq, also pitted the minority Sunni against the majority Shiite. So did Saddam. See if what the Ottomans did by increasing the amount of their currency and the end of their empire sound familiar.

AD 1877
Printed in Turkey

Imminent financial collapse in the Ottoman Empire in the 1870s led to the need to print new currency. The Imperial Ottoman Bank was reluctant to lend money to its own government but did participate in putting the new notes into circulation. Too many notes were issued and by 1879 they were devalued by more than 90% of their face value.

Have you heard of the new "Amero" proposed as a Mexican/American/Canadian currency by the neocons" Oh yeah these neocons flunked history for certain!