Why Growth is Dead

Financial Sense ^ | 5/12/2011 | Chris Martenson

[TheOldLady]

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[Mind-numbed Robot]

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."

Keynes may have said it but isn't that exactly the strategy Soros is employing?

[familyop]

With further monetization of the debt, you will see the continuing avalanche of unemployment, tsunami of debt, increasing inflation,...in essence the continued decline of our economy toward default.

Without further monetization of the debt, you will see an immediate ceasing of most of the economy, a faster and larger avalanche of unemployment, a faster bond crash, skyrocketing interest rates, an enormous dumping of government jobs for lack of revenues, then service jobs. Default would be imminent.

Either way, without a large manufacturing base and closings of millions of worthless offices (anti-employment, anti-competition offices, e.g., regulatory), the economy will head on into the abyss.

IOW, get ready, and take care of yourselves. Congress won’t make the necessary cuts against social engineering offices.

[Visceral]

Thanks for the link - Great article. I didn't know the Fed created the 1929 Depression.

Greenspan - "Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes."

[M-cubed]

Your welcome...and feel free to use it every chance u get.....It explains “honest money” in it's simplest terms....Throughout history all “fiat money” has gone to -0- NO EXCEPTIONS!.....Whats that definition of insanity....doing the same thing over and over expecting a different result?....

Fiat money allows a country to live beyond its means for awhile till it collapses under its own weight....Honest money stops that!

[upsdriver]

Any chance of getting the executive summary to this article?

Bideep bideep bideep, that's all folks!