Incredible confusions: Why ‘austerity’ if we can just print the money?

“Debt can either be repaid or be defaulted on. Destroying the purchasing power of money through inflation is one way to default on the debt. Simply not paying the debt is the other option. In both cases, savers, ‘thrifty pensioners’, and the customers of banks, insurance companies, and pension funds will suffer, and in the inflationary scenario everybody will suffer greatly. Sadly, the massive printing of money and accumulation of debt that has occurred since the termination of the gold standard and the adoption of limitless state fiat money and pro-growth central banking has now brought us to a point where defaults appear to be unavoidable. This is not some great reset. It is a man-made catastrophe.”

http://detlevschlichter.com/2014/03/incredible-confusions-part-3-david-graeber-asks-why-austerity-if-we-can-just-print-the-money/

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Nigeria’s Moment

“Everywhere in Nigeria I saw enterprise. People sit for hours under primitive lean-tos by the highway to sell drinks and food to travelers. Open-air markets, which seem to occur every couple miles, are bustling, with people dashing hither-and-yon selling most everything you can find in a department store or supermarket.  Citizens of this former British colony typically speak English, the global commercial language. I visited a university filled with bright and engaging students hoping to make better lives for themselves and their country. What is desperately needed, said one business executive, is an ‘enabling environment’ for enterprise.  In this the government fails miserably.”

http://www.fee.org/the_freeman/detail/nigerias-moment

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As Predicted, Stocks Make New Highs

Anthony-Wile1

“The US stock market goes up. The US borrows and borrows and the Fed continues to print, along with every other major central bank in the world. The BIS presides over the greatest fraud since, well … the last great recovery that traveled from 2002 to 2008. That one ended badly, as well. But not until many became rich and some – those who were able to gauge the market’s arc – managed to keep all or part of their gains. It is indeed a fantasy … and a fraud … but it is also a reality unfolding before our unbelieving eyes. We are wafted upwards on the wings of fiat money printing. Our destination, like Icarus’s, is the sun.”

http://www.thedailybell.com/editorials/35140/Anthony-Wile-As-Predicted-Stocks-Make-New-Highs/

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War Is a Certainty

“Any country that is considering waging war against another country should first consider that the loser is almost always the country that runs out of money first.  No venture is more costly than warfare. The EU and the US are bankrupt now. Those presently living in those locales may escape actual duty in the military, but they will unquestionably be expected to pick up the tab through taxation.  Those who presently feel that their obligations to their governments are already barely manageable might wish to consider what they will be, both during and after a major war.”

http://www.internationalman.com/articles/war-is-a-certainty

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When Did the “Peace Officers” Get a “License to Kill”?

“Men dressed like the guys in the image below now patrol America’s cities. How would you react if this group of armed men pulled over your vehicle or detained you on the street?  If you don’t display the proper degree of submissiveness, there’s a real chance you’ll die, on the spot.  In 1980, SWAT teams were deployed 2,884 times nationwide. By 2010, the number had soared to 50,000 or more annually.  Initiatives like the federally funded ‘fusion centers’ that link local law enforcement agencies to federal databases train police to view citizens as potential terrorists. Is it any wonder that US police believe, like James Bond, that they have a license to kill?”

http://www.nestmann.com/when-did-the-peace-officers-get-a-license-to-kill

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Southern Slavery: Two Systems of Management

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“He was the most beloved slave owner in America — beloved by his slaves, not his peers. His name was John McDonogh.  He alone among all the slave owners in the South for over 200 years devised a system that made his slaves incomparably efficient. They were so efficient that he ceased to have any responsibility for managing his plantation, including all of the rental properties that he owned. The slaves did everything. They worked like maniacs. They literally ran from job to job. Another slave owner wanted to buy one of them. He was willing to pay $5,000 — in the range of $100,000 in today’s money. McDonogh refused to sell. He had a secret.”

http://www.garynorth.com/public/12193.cfm

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Why Is the United States So Hypocritical in Foreign Policy?

eland_ivan_100x1331

“In the current crisis over the Russian ‘invasion’ of Crimea (is it an invasion when the population seems to want to be invaded and no violence occurs?), U.S. protests seem rather hypocritical to the world. After all, recently, the United States has attacked or invaded six countries—Iraq, Afghanistan, and Libya using ground troops or manned aircraft and Pakistan, Yemen, and Somalia using unpiloted drone aircraft dropping bombs. Spain, Britain, and Canada are all protesting Russia’s detachment of Crimea from Ukraine while resisting their own separatist movements and helping their NATO ally, the United States, detach Kosovo from Serbia using armed force in 1999.”

http://www.independent.org/newsroom/article.asp?id=4948

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Magna Carta, Subsistence Culture and Western Civilization’s Future

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“What we call the Internet Reformation is continually educating viewers about simpler and more fulfilling lifestyles. Industries don’t have to be supercharged by monopoly central banking; the corporate state, forcibly supported by judicial decisions, is not an eternal fixture in the economic firmament. Eventually we may see a return to more basic and sustainable lifestyles. Modernity has virtually mandated the disparagement of the technology-deprived Indian lifestyle, but as people continually walk away from failing capitalist structures, simpler – even survivalist – lifestyles beckon. It turns out that Native Americans may have the proverbial last laugh.”

http://www.thedailybell.com/exclusive-interviews/35094/Anthony-Wile-George-Burdeau-on-the-Magna-Carta-Subsistence-Culture-and-the-Future-of-Western-Civilization/

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Bill Bonner: The Coming Bull Market in Gold Stocks Is Going to Be BIG

Bill-Bonner2

“Most empires were financed on the loot captured from their conquered opponents. But the US Empire depends not on generals, but on bankers. Bernanke – the ‘Hero of ’08’ – kept the credit flowing at a crucial moment…  He kept the empire on schedule… and on target… for its rendezvous with disaster.  [..]  Debt has its lifecycle.So do empires. Both expand. Then both… without exception… contract.  An empire funded by debt is an especially ungainly, grotesque thing. It lurches from one disaster to another – going deeper and deeper into debt each time.  But it is not the debt that kills empires. Debt is just a razor conveniently left on the side of the tub.”

http://www.bonnerandpartners.com/the-coming-bull-market-in-gold-stocks-is-going-to-be-big/

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Bill Bonner: Are We on the Cusp of a New Bull Market in Gold?

Bill-Bonner2

“A major reason why gold so often looks good is that the alternatives so often look so bad. They are nicely summarized for us by Vivek Kaul, who we met recently on a trip to Mumbai, India.  Kaul’s new book, Easy Money: Evolution of Money from Robinson Crusoe to the First World War, tells the sorry story of the competition – the substitutes, the ersatz currencies, the monetary impostors that the world has seen come and, inevitably, go.  History doesn’t always give you a clear view of the future. But sometimes, the story of the past has the same cast of characters, themes and plot twists. In the American colonies, Mr. EZ Money was one of the first immigrants to step off the boat.”

http://www.bonnerandpartners.com/are-we-on-the-cusp-of-a-new-bull-market-in-gold/

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