
“For the United States and other debt-addicted countries, years of profligate spending have more or less sealed their economic fates. With the stage set, further encroachments of privacy are practically guaranteed. Faced with economic uncertainty, governments will search for new ways to plunder the productive members of society. These may include capital controls, more onerous regulations, or wealth confiscation, either explicitly or by way of the printing press. The developing NSA story along with the crisis in Cyprus prove that desperate governments will stop at nothing to prevent their house of cards from collapsing, no matter how futile.”
Related posts:
America's Energy Boom and the Rising U.S. Dollar
Elite Description Problem - Why the System Needs a Full Explanation
Bill Bonner: An Important Update on Our New ‘Trade of the Decade’
Bill Bonner: Why I Sued Washington 28 Years Ago
Note to Fed: Giving the Banks Free Money Won't Make Us Hire More Workers
Bill Bonner: Would the Founding Fathers Recognize Modern America?
Think Twice Before Accepting Bank Transfers For Online Payment
The Border-Industrial Complex Goes Abroad
How Bad Can Things Get?
Robert Ringer: Handling Change
Common Core: A Lesson Plan for Raising Up Compliant, Non-Thinking Citizens
Paul Craig Roberts: How the US Became the USSR
Crushing the Middle Class
Seth Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market
The Road to Debt-Serfdom