A FOOL'S PARADISE

Hawera & Normanby Star, Volume XLI, Issue XLI, 13 September 1921, Page 5

A FOOL'S PARADISE

THE FALSE PROSPERITY OF

GERMANY

A CRASH EXPECTED

LORD BEAVERBROOK'S VIEWS,

SIT OABLB—PE33BB ASSOCIATION—COPYBItiIH Received Sept. 13, 8.50 a.m. LONDON, Sept. 12. Lord Beaver brook, writing in the Daily Express from Berlin, says that, while on the surface there is prosperity everywhere in Germany, the era of inflation which is behind the apparent wealth and luxury will inevitably end in a crash. Germany is going through a postponed", but prolonged, boom, i^irt makes of our post-war botun of 1919 a tiny thing. There is nothing in the industrial "position of Germany, beaten and impoverished by the great war, to justify the rate at which sEe is living. As inflation increases as the value of the mark declines spending increases, and the recklessness of the whole proceeding is beyond belief. Tho present "foot's paradise" in which the country is living is a domestic one, and has nothing to do with the export trade.