Wednesday, August 03, 2016

Despotism Versus The Free Market
"The U.S. is some $200 trillion in debt when formal and informal promises are taken into account. The derivatives markets is apparently well over one thousand trillion dollars and eternally balanced on the knife-edge of insolvency from what we can tell. Germany’s largest bank, Deutsche Bank, is also on the edge of insolvency, as is the Italian banking system. Lord knows what problems in Europe and Asia have NOT been reported. Corporate, private and government interests are generally insolvent. The 'middle classes' in the U.S. (and elsewhere) have perhaps several weeks savings between themselves and insolvency. Central banks around the world have printed so much money for so long that banks are starting to charge for the privilege of holding it. That’s real monetary debasement! To keep the system functioning for now, central banks are interfering with the market in unheard-of ways .. There is no 'capitalism' in the traditional sense anymore – not in Japan and not elsewhere either. The world is in either a depression or quasi-depression depending on where you live. Wars are exploding in the Middle East and elsewhere, and these wars will probably become bigger. The last two wars ended with the construction of quasi-global institutions: The League of Nations and the UN (with its related IMF/BIS/World Bank paraphernalia. The next war, now perhaps in its planning stages, could usher in full-blown globalism, perhaps alongside quasi-debt forgiveness. The struggle between despotism and market competition is accelerating."
- The Daily Bell
LINK HERE to the essay

2 comments:

Anonymous said...

“When you recall that one of the first moves by Lenin, Mussolini, and Hitler was to outlaw individual ownership in gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty.” — Howard Buffett


http://kingworldnews.com/is-a-ban-on-gold-ownership-coming/

Anonymous said...

Timid men indeed !

Now-a-days it seems timid women ... committee chairs with little vision of direction beyond immediate present, except as far as it it relates to personal betterment.

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