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To: sickoflibs; blam
"There is no means of avoiding the final collapse of a boom brought about by credit expansion.

"The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

~~Ludwig Von Mises

Idiot politicians, only worried about buying votes for their next re-election, ALWAYS choose option two by default. ALWAYS.

45 posted on 02/04/2010 1:01:37 PM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Travis McGee; blam
RE :”Idiot politicians, only worried about buying votes for their next re-election, ALWAYS choose option two by default. ALWAYS.

That was my wakeup call in late 2008 with Schiff. Both parties are just telling us what the focus group/poll says to tell us, and running the country in a way to get past that next re-election, no further. (in the case of president that is only one reelection.) Each side says the other is evil, stupid, etc. But both have contempt for the truth that comes from the Austrians, both tell us their Santa is the real one, and the others is the Grinch.

The real problem is deciding if its going to be deflation or inflation.

51 posted on 02/04/2010 1:26:30 PM PST by sickoflibs ( "It's not the taxes, the redistribution is spending you demand stupid")
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