Elvis, Weiner and The Chinese Takeover?

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?

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K

We are fat, sick, broke, liars, cheaters, going crazy, genocidal maniacs, what else, delusional schoolyard bullies? the world WAS our playground =/ What happens when we go down, we bring the whole world down with us right?

The good thing about humans is that at any moment they can choose to be whatever they want to be.

We are in a global market now and the dollar was at the center. If it fails, everything changes.

Originally posted by The Savage Khan
The good thing about humans is that at any moment they can choose to be whatever they want to be.

We are in a global market now and the dollar was at the center. If it fails, everything changes.

If the Dollar fails we could easily adopt a "go it alone" economic policy(we have the oil for it) and just go back to pre-1970's trade policies.

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.