Like any bubble, the disillusioned people are left with broken promises and worthless empty symbols of what might have been ...
Libertarian ping! Click here to get added or here to be removed or post a message here!
Posted on 02/12/2009 12:42:16 PM PST by SonnyCorleone
Sorry, the gov’t can do something no other entity can, that is this: PRINT MORE MONEY.
bookmarked.
Sounds like what our congress is doing right now with the "stimulus package".
And in the process they devalue their own currency until it becomes virtually worthless....and then the bubble still pops.
1) The Government can print more money
2) Liberals are insane - via Einstien's doing the same thing over and over while expecting different results. No matter what happens, it will be because we just didn't spend enough
3) His Roman History is way off
*
Ping; worth a read.
TM, the chart I believe you have posted of gov’t debt going exponential is one indication that gov’t is a bubble that has to pop soon.
Bumpty Dumpty.
"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
The government can also use deadly force indiscrimately and without fear of repercussions.
This is currently the only thing that keeps me paying taxes and the edge I'm standing on in that regard is getting thinner by the day.
Currently, yes. However, we are here to assist putting the fear of God into them when they contemplate that behavior.
Brilliant article. And points out one fundamental truth: You can’t fool Mother Nature. You can call a bunch of psychopathic individuals a “government”, and imbue it with all sort of mythical attributes and powers, but reality says otherwise: A motley collection of miscreants and dead-ends destined for destruction.
Interesting!
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I will try not to abuse the ping list and not to annoy you too much, but on some days there is more of the good stuff that is worthy of attention.
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Thanks for the ping!
I’ve got the Grace Commission report on my shelf. Gonna pull it down and re-read it based on this post.
"When the tide goes out you find out who has been swimming naked"
Warren Buffet said that
Thanks for ping! This is a good one!
The swimming naked awards
Dec 16th 2008
From Economist.com
A year of embarrassment when the financial tide went out
“YOU only find out who is swimming naked when the tide goes out”, Warren Buffett famously observed. In 2008, the financial tide went out further than anyone expected, revealing a multitude of skinny-dippers. To help them cover up their embarrassment, Business.view is proud to announce the following winners of the 2008 “naked shorts” awards:
Scoundrel of the year: Too many contenders to mention, but the last minute entrant has won by a landslide: Bernie Madoff, who is providing a helpful demonstration of the difference between a financial collapse due to management incompetence (most of this year’s banking failures) and a genuine 100% fraud.
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