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The financial crisis, still in its early stages, is apparent to everyone: gasoline prices over $4 a gallon; skyrocketing education and medical-care costs; the collapse of the housing bubble; the bursting of the NASDAQ bubble; stockmarkets plunging; unemployment rising;, massive underemployment; excessive government debt; and unmanageable personal debt. Little doubt exists as to whether we’ll get stagflation. The question that will soon be asked is: When will the stagflation become an inflationary depression?
There are various reasons that the world economy has been globalized and the problems we face are worldwide. We cannot understand what we’re facing without understanding fiat money and the long-developing dollar bubble.
There were several stages. From the inception of the Federal Reserve System in 1913 to 1933, the Central Bank established itself as the official dollar manager. By 1933, Americans could no longer own gold, thus removing restraint on the Federal Reserve to inflate for war and welfare.
Originally posted by Maya432
everyone should write in RON PAUL on the ballot.
he is the ONLY MAN FOR THE JOB..........
If modern technology had been used to promote the ideas of liberty, free markets, sound money and trade, it would have ushered in a new golden age—a globalism we could accept.
Originally posted by passenger
This kind of talk is why no one will listen to him – he is telling the truth and it’s a hard, bitter truth indeed. Far easier to vote for the hucksters that promise you everlasting peace, prosperity and harmony with no cost or personal effort involved.
The current market turmoil is without precedent in the postwar period. With a significant risk of recession in the US, compounded by sharply rising inflation in many countries, fears are building that the global economy might be at some kind of tipping point
Originally posted by FlyersFan
He's telling the truth. I hope it doesn't get him killed.
Seriously .. I am concerned for his safety.