I HAVE "BEFORE THE DELUGE" AND AM RE-READING IT FOR CLUES AS TO WHAT COMES NEXT... THE BOOK IS MORE CULTURAL THAN ECONOMIC...
FOR AMAZON BOOKS ON HYPER-INFLATION....CLICK HERE!
THE HYPER-INFLATION SCENARIO IS WHERE THIS IS HEADING...
BUT IS IT ANY WONDER THAT MASSIVE DEBT IN HIGH PLACES IS "INFLATED" AWAY!!
READ YOUR HISTORY...ROME, GERMANY, BRITAIN....
IMPERIUM ALWAYS INFLATES AT THE END...
AND WE ARE AT THE END... THE DOLLAR BASED BRETTON WOODS ...POX AMERICANA IS ENDING...
AND SOMETHING NEW IS BEING BORN...
AND THAT IS A HORRIBLE TIME TO LIVE IN... BUT "INTERESTING" AS THEY SAY.
HOW DOES HYPER-INFLATION GET STARTED...?
WELL INTEREST GROUPS HAVE A LOT TO DO WITH IT...
EVERYONE WANTS THEIR PART OF THE ECONOMY TO BE "SAVED" ...OR "BAILED OUT!"
ULTIMATELY NOTHING IS SAVED...
THIS WAS MY "READ" ON THE GERMAN SITUATION IN THE 20'S....
CONSIDER:
WOULD CONGRESS DUMP SOCIAL SECURITY TO "SAVE" WALL STREET...?
NO! SO... THAT WILL BE YET ANOTHER "BAILOUT!"
AND ANOTHER AND ANOTHER AND ANOTHER...!
THAT'S HOW IT STARTS... ONE BAILOUT AFTER ANOTHER IS "EASIER" THAN LETTING A MAJOR INSTITUTION FAIL...
IS SOCIAL SECURITY TOO BIG TO FAIL? OF COURSE! MEDICARE! OF COURSE! GOVERNMENT EMPLOYEE PENSIONS! YES! STATE AND LOCAL GOVERNMENT!! MUST BE "SAVED".... SEE THE PICTURE?
EVENTUALLY YOU'RE PRINTING THREE EXTRA ZEROS ON EXISTING BANK NOTES!!
BUT THIS IS A VERY COMPLEX TOPIC...ABOUT WHICH I'D LIKE TO SEE MORE EXPERT DISCUSSION IN THE AMERICAN AND GLOBAL MEDIA...
WHEN DO YOU STOP THE BAILOUTS?...WHO IS NOT "TOO BIG TO FAIL?"
BECAUSE ONCE YOU START DOING "BAILOUTS"...??
YOU CAN'T STOP!!
IT'S A SLIPPERY SLOPE...AND IT ALL "SEEMS RIGHT" AT THE TIME...
REMEMBER THE GERMANS WERE NOT STUPID!
THEY WERE NOT SOME JUNGLE DICTATOR IN AFRICA PRINTING MONEY...
AND ECONOMICS WAS A WELL DEVELOPED STUDY THEN...
WE GROSSLY OVER ESTIMATE THE EFFECT OF KEYNES ON ECONOMICS...
ALL KEYNES SAID OF VALUE WAS THAT IN THE LONG RUN:
"WE ARE ALL DEAD!"
HARDLY A "SYSTEM" WORTHY OF LONG TERM SUSTAINABILITY!!
SO FAR THE MSM....STILL SEEMS STAR STRUCK BY "GLOBALISM"
...AND THE OTHER BULLSHIT OF FREE TRADE THEORY.
