
“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/
Related posts:
Is The Everything Bubble Ready to Pop?
The 7 Choices Left to the Military-Industrial Complex
Will Grigg: Living in Amerika
Former U.S. Mint Director: Bitcoin 'Likely Here To Stay'
Why Bond Market Bulls Are About to Get Crushed
John Hussman: Bearishness Is Strictly For Informed Optimists
Bill Bonner: Preparing to Fail
Beyond Civil Disobedience
Learn Bobby Tay’s $2.7 Trillion Sigma Secret
Charles A. Burris: War Crimes, the Holocaust, and Today’s National Security State
An open letter to marijuana prohibitionists and so-called third-way-ers
The Ultimate Cheat Sheet For Starting And Running A Business
Bill Bonner: Can This Simple Trading System “Beat the Market”?
An Idiot’s Guide to Bitcoin: the man behind the book
US Government “Protection” of Al-Qaeda Terrorists and the US-Saudi “Black Hole”