“Governments don’t have the courage to tell the people that we cannot afford to go on living the way that we are. We’ve really failed very badly in having honest politics, so we have this gross and very grave debt problem. Now everyone has decided, the Bank of England, the Fed, and the European Central Bank, who are utterly brilliant people that have led us to the mess we are in, they’ve all decided that the solution is quantitative easing. The solution is to go on printing and creating false money in an attempt to buy our way out of the (ongoing) crisis, actually compounding the problem.”
(Visited 22 times, 1 visits today)
Related posts:
Jim Rogers: At What Price You Should Start Buying Gold
Urgency: A Tactic of The State
John Whitehead: The Anatomy of a National Nervous Breakdown
World Food Prices Jumped 10 Percent in July
QE3 – Pay Attention If You Are in the Real Estate Market
Want a House? Be Rich and Pay Cash
The Lie of Moral Mercantilism
Bloomberg Calls for a US Exit Tax
Bill Bonner: An Important Lesson from Tony Soprano
The Real National Security Interest of America
The Wrong and Right Way to Buy Gold, Part III
Gold: Fear vs. Greed – and Taxes [Bullish]
Almost Every Passenger on Indian Flight Found Carrying 1kg of Gold
Can Obama Control Syrian Outcomes?
DNA's Trap for Investors: A Race to the Bottom