“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/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Our Huge, Stinking Mountain of Debt: Student Loans
Ron Paul: Government Policies Hurt Low-Wage Workers
What does crowdfunding replace or displace?
Dealing with Cops These Days
Former Clinton, Cameron Advisors: 'Why Bitcoin is on the money'
America Is Plunging Into Kafka’s Nightmare
The Next Best Thing
Why Expansionist Central States Inevitably Implode
Bill Bonner: A Close Encounter with Zombiedom
Humanitarian Murder: It’s a Gas
The Great Deception, Part II
Extremely Serious Privacy Problem in America
Neocon think tank next to call out racist, pro-war roots of War on Drugs
The real story behind the demise of America's once-mighty streetcars
Why Whiskey Was Money, and Bitcoins Might Be