Elvis, Weiner and The Chinese Takeover?, page
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Topic started on 11-6-2011 @ 06:01 PM by The Savage Khan
America belongs to the Fed and China. Is America dying? Will more quantitive easing help?


"At first, the credit-expansion appears to be a stimulated process of economic growth. Interest rates fall, capital values rise and entrepreneurs profit by building up the capital structure. The capital construction cannot be completed, however, since genuine saving is insufficient. The boom rests on a lie, viz., artificially low interest rates, and once the lie is exposed, the boom must end and the bust must follow."


That was written by Jeffrey M. Herbener for Mises Institute

What does this have to do with Elvis, Anthony Weiner, and Dr. Nick?

WWW.EATTHESHEEP.NET...



K


reply posted on 12-6-2011 @ 10:41 AM by The Savage Khan
reply to post by korathin


That's assuming we didn't reach peak domestic production in 1970 because of dwindling resources. Even if we wanted to destroy coral reefs to do more off-shore drilling, we would still be using a finite resource to power our infrastructure. It is unsustainable.

If our currency fails and we become isolationist again, we would have to contract our consumption which means BIG CHANGES. One day we will default and understand how all those Latin American countries felt.

The whole thing is one big joke on the poor.
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