Thursday, November 18, 2010

Economist Magazine Covers Preview for 11-20 to 11-26

All three covers  are really about the same thing:  Reckless government expansion that is about to crash financial markets around the world.

1 comment:

  1. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

    --- Von Mises


    Save that he used the singular above. It is now all currencies.

    And the crackup will be global ...

    They all race to the bottom in mirror image to the tariff wars of the thirties ...

    Can anyone think of an exception? The Swiss were forced, as a condition of their entry into the European Economic Union, to abandon their semi-gold backing of the Franc.

    Maybe if they all inflate/expand credit at the same rate ... ?

    Can this be the last hope of the Banksters?

    What is their end game?