(no subject)
Feb. 22nd, 2009 04:33 pmThe United States: The Largest Ponzi Scheme in the World
I love this quote:
Personally, I think commodities will do fine, in terms of real wealth/purchasing power. Production of raw materials isn't about to skyrocket any time soon...
One of the reasons why the investment markets overall are so schizoid right now is what FSK calls "the compound interest paradox", that is, when money is basically monetized debt, every dollar printed creates a future deflationary pressure, which ends up being countered by printing more debt-based money, ad nauseam... right now we're in this weird see-saw between new dollars pushing inflation and old dollars pushing deflation. This is why printing raw treasury notes, greenbacks, might be a good temporary solution to stabilize the currency. It's not a permanent solution but it could act as a balance against the Fed/Banking System.
On the other hand, the words of Captain Kirk keep resounding in my head: "Let them die."
I love this quote:
“A fearful world is buying trillions of dollars of securities from the US Treasury,” he continues. “Of all the cash flows in the world, nothing is more reliable than the tax revenues of the American state, the longest-lasting government on Earth presiding over the world’s largest economy.”
Yes, and General Motors was the world’s most successful automobile company – until it wasn’t.
Personally, I think commodities will do fine, in terms of real wealth/purchasing power. Production of raw materials isn't about to skyrocket any time soon...
One of the reasons why the investment markets overall are so schizoid right now is what FSK calls "the compound interest paradox", that is, when money is basically monetized debt, every dollar printed creates a future deflationary pressure, which ends up being countered by printing more debt-based money, ad nauseam... right now we're in this weird see-saw between new dollars pushing inflation and old dollars pushing deflation. This is why printing raw treasury notes, greenbacks, might be a good temporary solution to stabilize the currency. It's not a permanent solution but it could act as a balance against the Fed/Banking System.
On the other hand, the words of Captain Kirk keep resounding in my head: "Let them die."