“When most people in a country have no money or land or even a house, and take no pleasure in working, and when only half of what may be considered the potential working population is formally employed, then it is probably not too strong a statement to say that the system itself is not producing satisfactory results and is even in danger of breaking apart entirely. The US’s advantage throughout the post-War years was its dollar reserve currency; US officials could fund deficit spending by printing dollars without generating price inflation. Countries around the world had to hold dollars because they needed dollars to buy oil. This system is changing now.”
http://www.thedailybell.com/29358/Anthony-Wile-The-Danger-Beyond-Employment-Numbers
Related posts:
DetroitCoin: Why we should make Detroit into a Bitcoin Hub
Silver at $28.50: What I Will Do Now
Buy Gold NOW
North Dakota Builds The First New Refinery In The U.S. Since 1976
Something’s not all right with Medicare
NSA Cheerleaders Discover Value of Privacy Only When Their Own Is Violated
Jeremy Allaire: Thoughts on the New York BitLicense Proposal
Bill Bonner: Buffett is frightened
The UK Recovery that Isn't ... the Market Recovery that Is
Eric Margolis: Kicking Sand In Russia's Face
Fed Money Pumping Brings Results: The Affluent Society Returns
Destroying the Switzerland of Central America
Ron Paul: Liberty Was Also Attacked in Boston
The Will Of The People Doesn’t Mean Jack To Drug Warriors
An American Stasi