“Since 1971, the number and intensity of banking crises around the world has gone up markedly. Debt levels exploded. The ten years up to the start of this crisis in July 2007 have seen house prices in the US rise ten times faster than over the previous one hundred years. Look around the world today. Is it a coincidence that all major central banks are at zero interest rates to support bankrupt banks and bankrupt governments the world over? Bizarrely, it is today the advocates of sound and hard money who are made to explain their atavistic ideas.”
http://papermoneycollapse.com/2012/07/the-triumph-of-politics/
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