Government has evolved into a Ponzi scheme dependent on two strategies. The first is spending ever more of other people’s money on themselves and toward their re-elections. The second is pretending what they do has no cost — to the productive, to the economy, etc.
Post Tagged with: "paper money"
June 18, 2013 06:12
Government Zombie Policies and the Rationing of Retirement
“Between 2007 and 2010, median consumer net worth declined by 39%, with, unfortunately, low income households facing the greatest percentage decline.2 This fragment of economic history is a powerful reminder that government intervention can have unintended consequences, often of unforeseen magnitude.”
April 4, 2013 04:30
ALERT: All Of The Money In Your Bank Account Could Disappear In A Single Moment
As we just saw in Cyprus, when there is a “banking crisis” sometimes government steps in and suddenly changes all of the rules overnight even though the vast majority of the population is against it.
March 8, 2013 06:58
Federal Reserve Constitutional or Merely Legal?
In practice it has turned our limited government into an out of control leviathan crushing the free out of our free market and sucking the liberty out of the American experiment.
January 10, 2013 08:10
The Psychotic Fed
The laws of economics have not changed just because the Fed chooses to ignore them. These laws cannot be repealed by the Fed nor can they be altered.
December 17, 2012 07:24
Fed’s Inflation Cliff is Next
Hyperinflation or a brutal hike in interest rates — [could make] the present “fiscal cliff” look tame in comparison. – IBD
October 1, 2012 07:12
Quantitative Easing Did Not Work For The Weimar Republic Either
If printing money was the secret to economic success, we could just print up a trillion dollars for every American and be done with it.
November 11, 2011 07:39
EUROPAC: We Have Entered The First Of Four Phases That Will Destroy Fiat Money
Phase Four, the most alarming, would be investors’ realization that the US dollar lies at the root of the international currency collapse and is itself vulnerable. Likely, this panic flight from the dollar would develop suddenly, and perhaps in undreamed of volumes.
September 9, 2011 06:33
Paper money collapse is inevitable
[T]he fiat money crisis is not a natural catastrophe. It is entirely man-made. It is the direct consequence of political decisions and political action.
August 17, 2011 06:10
1971 dollar now worth 18 cents
The “Nixon Shock” was followed by a decade of one of the worst inflations of American history and the most stagnant economy since the Great Depression. The price of gold rose to $800 from $35. The purchasing power of a dollar saved in 1971 under Nixon has today fallen to 18 pennies.
