tag:blogger.com,1999:blog-3758330678390419129.post8419642716362964418..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Trillion Dollar MadnessRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-3758330678390419129.post-52504176371330362802010-05-11T22:08:35.276-04:002010-05-11T22:08:35.276-04:00Socialism is sustainable; especially pseudo-democr...Socialism is sustainable; especially pseudo-democratic socialism. It only lasts until you run out of other people’s money.<br /><br />Best regards,<br />Chicago, USSAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-45393518434669890392010-05-11T18:10:27.852-04:002010-05-11T18:10:27.852-04:00Someone -anyone- needs to leave the EU on fiscal g...Someone -anyone- needs to leave the EU on fiscal grounds for any positive development to take place. Germany's exit would trump the whole pan-Europe bank slavery scam. Sooner is better than later in 'Federal' schemes, as the American War Between the States demonstrates.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30934086846574425312010-05-11T16:23:38.085-04:002010-05-11T16:23:38.085-04:00Maybe the electorate will wake up and Vote Ron Pau...Maybe the electorate will wake up and Vote Ron Paul!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47406748059574337752010-05-11T15:04:05.607-04:002010-05-11T15:04:05.607-04:00"with the ultimate goal of establishing a wor..."with the ultimate goal of establishing a world currency under the control of an agency (the IMF?) that is beyond the sovereignty of any single nation."<br /><br />Keynes called that "Bancor"...<br />Good analysts like Guido Hülsmann think so too.<br />(listen to this, Sept. 2008, but even several years he predicted the developments before:<br />http://www.youtube.com/watch?v=Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28091266297588687382010-05-11T14:36:07.230-04:002010-05-11T14:36:07.230-04:00The game that is being played here is essentially ...The game that is being played here is essentially spelled out in Chapter 6 of G. Edward Griffin's The Creature from Jekyll Island, titled "Building the New World Order." To summarize, the objective is the redistribution of wealth from the rich countries (Germany, France, the U.S.) to the less prosperous nations (the PIIGS), via loans advanced by a supranational organization (the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85189802756264347332010-05-11T13:57:03.349-04:002010-05-11T13:57:03.349-04:00Something very bad is happening,institutional murd...Something very bad is happening,institutional murder in Iraq and Afghanistan called a war on terror and financial fiduciary misconduct called bailouts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10187747532152912182010-05-11T13:52:11.189-04:002010-05-11T13:52:11.189-04:00Unbeliavable.
Since the beginning o EU, Germany k...Unbeliavable.<br /><br />Since the beginning o EU, Germany knew that it was a blank check freely given to the PIIGS - as they would NEVER cut spending until disaster is at the door.<br /><br />Now, hard-working German people is paying for that, and worse: NO new clause preventing PIIGS from lavish expenditures will abide them.<br /><br />Pity. It was a ice dream. And feasible.Francisco Almeida - BRAZILnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10756999173568505582010-05-11T10:32:32.832-04:002010-05-11T10:32:32.832-04:00"mocking those who were worried about inflati..."mocking those who were worried about inflation" , "when the US monetary base fell like a stone"<br /><br />Exactly how do you imagine the monetary base can be corrected? The fed will have to dump $1 trillion dollars worth of junk bonds onto the market to correct the fed's balance sheet. If there are any buyers of these toxic assets do you think they will choose new Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-61427629461980691282010-05-11T10:27:52.380-04:002010-05-11T10:27:52.380-04:00People incorrectly think that central banks fully ...People incorrectly think that central banks fully control the money supply. They control the amount of cash and excess reserves, to be sure, but it ends there, and the money supply is leveraged off those two, by the fractional-reserve banking process, up to ten-fold. When the money supply falls it is the de-leveraging that is at work. Central banks then replace the lost leverage with Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91824352403681372132010-05-11T10:22:38.219-04:002010-05-11T10:22:38.219-04:00Austrian Economics
You have to love it.
keep talki...Austrian Economics<br />You have to love it.<br />keep talking and keep educating<br />The Ron Paul revolution is still in progress.<br /><br /><br /> OAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-21859684338659069182010-05-11T09:37:44.228-04:002010-05-11T09:37:44.228-04:00You watch, the Federal Reserve, and IMF will do th...You watch, the Federal Reserve, and IMF will do this on purpose and then introduce a new "Global" Currency to save the world. This is all a Ponzi Scheme...and as all Ponzi Scheme's, it will fail in utter disaster and some will reap the benefits at others expense. But we the people of these governments have allowed it to happen, we either lay down and do nothing or we stand up and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-267332887101042672010-05-11T08:43:24.670-04:002010-05-11T08:43:24.670-04:00The fact that the Federal Reserve is participating...The fact that the Federal Reserve is participating in this inflationary scheme through currency swaps is just pouring more gasoline on the inflationary fire. It is now going to be a race. Who can inflate the fastest? The ECB or the Federal Reserve? No matter who wins we all lose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-25961916993683766752010-05-11T08:34:08.929-04:002010-05-11T08:34:08.929-04:00re: "Gold is down by double-digits, but with ...re: "Gold is down by double-digits, but with major inflation threatening around the corner, the gold weakness will be very short-term."<br /><br />Short-term, indeed. Gold is up over $1217 hours later.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-65744591119755975432010-05-11T07:13:11.395-04:002010-05-11T07:13:11.395-04:00This isn't rocket science,economic health in a...This isn't rocket science,economic health in a nation can only be manitained by the occassional harming,or depriving of certain groups of money.<br />Politicians are almost incapable of doing that,so they do absolutely anything other than what should b done,including completely destroying the currency.<br />So sit back,buckle up and buy some gold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83787930885918346852010-05-11T06:39:46.759-04:002010-05-11T06:39:46.759-04:00Lending to a highly irresponsible borrower like th...Lending to a highly irresponsible borrower like the Greek Government from the essentially bankrupt governments that make up the EU may help short term, but long term will generate massive inflation which will lead to the destruction of the euro. In the meantime, the Greek government (and others) will produce a counterfeit budget and continue its accummulation of debt to prop up its bankrupt Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5611794240188671822010-05-11T03:53:32.987-04:002010-05-11T03:53:32.987-04:00Germany, we feel for you.
Your prudence, savings...Germany, we feel for you. <br /><br />Your prudence, savings and hard work is being stolen and funneled to the dissavers and profligate spenders of other countries. <br /><br />The powerful financial elite has through the central banking system robbed your productive capacity from here on to infinity.<br /><br />It is time you speak up and defend your liberties before they are all gone.<br /><br Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27256028002553348272010-05-11T02:43:40.839-04:002010-05-11T02:43:40.839-04:00Hi from Germany,
In general people in Europe don...Hi from Germany, <br /><br />In general people in Europe don't understand the step and in mass media it is sometimes not even on the front page.<br /><br />I can't tell you how angry I am- politicians stole savings overnight, destabilize the currency, give unlimited quantity of money for 1% to banks etc. This will only lead to even more financial instability, speculation and at the end toAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68844141132164384522010-05-11T00:28:12.560-04:002010-05-11T00:28:12.560-04:00Fiat currency caused the global correction and the...Fiat currency caused the global correction and these guys want to print more and more. It is a good thing they are not members of the fire brigrade - they would be pouring gasoline on a fire to put it out because gasoline is a liquid.Jacob Steelmannoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7690951134349016902010-05-10T11:56:02.875-04:002010-05-10T11:56:02.875-04:00A couple months ago one of my favorite financial b...A couple months ago one of my favorite financial bloggers was mocking those who were worried about inflation, saying that when the US monetary base fell like a stone these worrywarts would have egg on their faces.<br /><br />So that guy was wrong, in your current estimation?Bob Murphyhttps://www.blogger.com/profile/04001108408649311528noreply@blogger.com