In 1922 Ludwig von Mises described in his book Socialism why a socialist system could not last. This was not a popular view. The illusion of socialism?s success had real staying power; it took 70 years for the USSR to wheeze its final proof of his position, fooling most people (e.g. analysts at the CIA) […]
Tuesday, September 1, 2009 Refuting “Economic Suicide” Inflation is always and everywhere a monetary phenomenon. These are the words of Milton Friedman in A Monetary History of the United States. The meaning of those words is that no matter what, inflation is a function of the amount of money available. Inflation occurs when more money […]
This article was found as https://web.archive.org/web/20150922031136/http://seekingalpha.com/article/139650-the-fed-s-balance-sheet author Tyler Durden. Good comments on that website. It was also submitted to digg.com and has good comments there. We'd like your comments here on morality101, as this seems KEY to further collapse any day now! Always good to keep things in perspective. The most recent Fed Balance Sheet […]
Bernanke: “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” Yeah right, You did it, the First and now the Second, but you won’t be here to give us a third depression, the people will know better!
This is a followup to America is History which I wrote and submitted to Digg last week. Our government made a surprising move which is delaying the collapse for a short while, but the collapse is beyond avoidable. This is my attempt to warn you — protect whatever assets you have as best you can, […]