Es Geloybte Aretz - a Germanwank

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Meanwhile, in the extreme

"мамонт"

A moment, always a moment. The locals were useless. Time was of the essence. They had to press north if the pole was to become American this season. Old Glory on top of the world would be an important element in the campaign. Make America bull again.

"Not a moment, a mamont."

The naval officer patiently watched the former Assistant Secretary of the Navy. Both men looked almost the same: stocky figures clad in thick furs, each a resemblance to a child's stuffed toy.

A "mamont". What was that -- a cake ? A Limey breakfast paste, a Russian pastry ? Probably some local delicacy -- ground walnut, shell included, dripping in honey; still, any additional calorie was welcome given the climate.

"A mammoth, Mr President. A wooly elephant. Alive."

A smile gradually extended over Theodore Roosevelt's face. It almost melted the icicles that had formed at the edges of his moustache.

"You know what this means, Bob."

Robert Peary was slow to comprehend.

"We're going to need a bigger boat."
 
With TR on the expedition, I suppose mammoths are not long for the world here either.

If that is, this were any sort of canon post! I await a real post by carlton_bach and am not sure I understand the mentality of a thread fan mimicking the posting style of the author, albeit badly, to put in something silly.
 
... and you got me all excited for an update. Shame on you!

But besides, Teddy is always good! Can't we have him run for president in '16?
 
Sounds like wrong thread to me.
Clearly not, unless carlton_bach has some other thread set around 1890-1910 going on I don't know about, or someone else who adopts his wacky "put the canon update stuff in quotes" (which I dislike but he likes, so author's preference rules) has one going. Which is possible but I doubt. Stendhal imitated the author's style, a little bit, and picked up on a character who has appeared in the TL, but said something silly that would if taken seriously get this thread relegated to ASB--surviving mammoths in 20th century is clearly "evolutionary POD," plus he'd be taken to account for how come all the butterflies from surviving mammoths have not rendered all of recorded human history completely changed.

It is a silly form of "bump" like those godawful pages of battling disgusting snack foods or tank debates that used to fill up The Whale Has Wings until Astrodragon finally pulled the plug on it formally.

carlton_bach posts prolifically enough I think we need to back off and give him space/time for the final wrap-up posts--clearly the main storyline is nearing an end.

Although if it went on years and years more I'd like that--everyone seems to have decided it is the story of the alternate Great War between Germany/AH and Russia, but it didn't start out that way--it was the story of the reign of Kaiser Wilhelm III, and that story still has decades left in it, at the level of detail we had before the war.

The author might not want to do that since prophecy has already told us it will be a rather sad story for the Kaiser. Since I was hoping for a Kaiser who joins forces with the Social Democrats to make a People's Reich with Hugo Gernsbackian nerdgasms galore, I too can forego the long painful decline of a Kaiser who falls between stools, turning to the common people just enough to alienate the aristocracy but then scuttling back abjectly to their ungrateful and rotten bosoms when he gets cranky. I can see how it can be good for Germany to have that happen, to wean the populist Left from any romantic soft paths of victory via a Good King and keep them on the hard path of developing true popular power in the teeth of strong upper-class opposition. But it still makes this bunny cry to see poor Willy twist in the wind.

So if the story will soon ascend to the level of summary narrative and lose its flesh and blood vitality (or tell more of the future faster by skipping rapidly from one vignette to others years and decades down the line, which will still make the whole thing kind of jumpy) then so be it.

But gosh folks, give the man time to get it lined up in his head! He does it so well when we don't push. And pushing won't make the good stuff come.
 
I suspect a wrong tab. That, or a serious overestimation of the availability of high-quality honey in postwar Russia.

Mind, hunting holidays in Siberia are going to be really cheap the way the paper rouble is going...
 
It was meant a spoof. I could not resist testing the limits. No disrespect was intended. Plausible deniability on the Mammoth sighting is in effect. I shall reform.
 

yboxman

Banned
OOMPH!

Wow.

Just finished reading all of the TL, if you can call it that. Given the level of detail, I would call it a serialized novel. I am speechless.
 
Berlin, 03 August 1908


“Income tax?” Rathenau asked, taken aback. “Is that really the hill you want to die on?”


“It is simply unacceptable!” minister von Siemens protested. “The middle classes of the empire have given everything for this victory. We cannot allow them to be bled dry at peace!”


Rathenau sighed. Of course this was going to happen. He had not expected it to come from an imperial appointee, but the Hugenberg press was going to carry the torch of righteous indignation, and a big chunk of the Zentrum might follow them this time.


“It is without alternative.” He countered. “It is this, or the death of our national economy.”


Professor Wagner, also seated at the table, nodded emphatically. He had been dragged out of retirement at the insistence of Max Weber, one of the emperor’s closest confidants, and his authority meant a lot in government circles.


“It is indeed.” The old man explained. “Simply, we will be facing a period of relative dearth. War production cannot immediately be retooled, and what our industries turn out will to a large extent need to go into export. Until Russia pays its indemnities, this is our sole reliable source of foreign currencies, and we will need it to service our foreign debt. If we allow the economy to find its natural balance, the results would be catastrophic.”


Siemens swallowed. “I … realise that.” he admitted. He had fought hard for an early return to the gold standard, but ultimately everyone had had to agree this was impossible. At least, it was impossible to have that and not face a revolution. “But surely, you must see that this is unjust in the extreme. People whose income is in cash….”


“…will be glad to be shielded from the worst ravages of inflation.”, Rathenau interrupted, unconvincingly. “And from the threat of red revolution.”

“We simply cannot do without the funds to manage the transition.” That was Professor Weber, immaculately attired and infuriatingly calm. “And we will have to accept a degree of controlled inflation. We can export it into the newly liberated states of Central Europe, at any rate. But someone must provide the money to employ all the men returning. Someone must channel the demand into productive directions.”


The plan that the government had come up with was impressive, on paper. Vast amounts of money had already been funnelled into real estate purchases and building projects. This would continue, fuelled by tax revenues that no longer were needed to buy shells, guns and warships. The resulting employment would ensure that farmers had buyers for their produce in the cities and that cash left circulation as it was sunk into institutional coffers. Raw materials would be purchased and finished products exported to the eastern periphery, by preference. A mark bought more in Poland than it did in America. But all of this meant that they were facing years, decades, of a currency unmoored from gold. Its magic would inflate away a big part of the country’s debt, but again the cost would be borne by Germany’s middle classes. If you had land, factories, or shipping interests, you would come out all right. If you lived by selling your labour, you’d at least have a job, and a chance of ending up in one of the new housing developments to boot. But if you were invested in bonds, pensions or rents, the government had halved your value in one fell swoop - and you would be lucky if it stayed at that. Passing the bill for all of this to the bourgeois sounded like some perfidious Socialist plot. Instead, it was being cooked up by the emperor’s cabal.


“I do not think it will be acceptable to the Reichstag.” Siemens stated flatly. “Not without some guarantees for the currency and significantly lower rates.”


Rathenau shrugged. “His Majesty commands it.” He sighed heavily. “Look, this is not what I would want. It’s not what anyone would have wanted. But if you look at the bright side for a minute, at least it provides us the opportunity to test the theory of money. If it works, the historical school are right. If we fail, the English are.”


Siemens shook his head. The war was over. They weren’t supposed to continue risking everything on gambles! This was not what peace was supposed to look like.
 
Hurrah, it lives! And it's a fascinating chapter at that.

So Germany erases its debt and staunches hard currency outflows using asset price inflation—enraging everyone who holds said assets, but in the process of which discovering the concept of inflationary growth?
 

yboxman

Banned
"If you had land, factories, or shipping interests, you would come out all right. If you lived by selling your labour, you’d at least have a job, and a chance of ending up in one of the new housing developments to boot. But if you were invested in bonds, pensions or rents, the government had halved your value in one fell swoop - and you would be lucky if it stayed at that."

Brilliant. Sticking it to the rentier class! Of course, this means less investor confidence, which will disproportinately impact new businesses without ready cash reserves- indirectly this will butress cartel dominance of the the German (And Central Europian) economy for years, if not decades, to come. For that matter, staying off the gold standard and "erasing debt" via managed inflation is pretty much going to ensure that Germany will have a much harder time selling bonds come the next war. Come to think of it, so will any other country- the risk premium on wartime bonds will go up through the roof once the implications of this shtick become clear.

It won't be quite so bad as the backlash in the U.S following the effective repuditation of WWI debts OTL, but it will come close. And if France is seeking an alliance with the "Great Republic" the emotional context for this attempt just became a lot more realistic than it originally appeared in Clemanscu's fantasies.

Carlton, I must say, that I've never seen the financial sides of a great war scenario explored this well in AH. I hereby crown you the Niall Fergusson of the Genre! Is your academic background in economics?
 
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