“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:
Has your life been stolen from you by the IRS?
Internet Fascism and the Surveillance State
Your Trip on My Time Machine
9/11 happens every day to war torn nations
All the Value of Gold in the Palm of Your Hand
Warren Buffett: How inflation swindles the equity investor [1977]
Government of the People, by the People, for the People. NOT.
Revisiting The '87 Crash
How Police Became a Standing Army
Americans Are on a Tight Leash
Bill Bonner: The war on the young
Iran and Iraq, BFF (Best Friends Forever)?
Sheila Bair’s Bailout Blame Game
Does the Government Only Label Bad Guys As Terrorists?
The Police State Mindset in Our Public Schools