The Humungous Depression, by Robert Gore at STRAIGHT LINE LOGIC
If one dates the beginning of a depression from the time when the benefits of debt are, in the aggregate, outweighed by its burdens, the depression began in 2000, with the implosion of the fiat-credit fueled, high-tech and Internet stock market bubble. Unsustainable debt and artificially low interest rates lower the rate of return on productive investment and saving, increasing the relative attractiveness of speculation. Central bankers and their minions refer to this as “forcing investors out on the risk curve,” crawling way out on a limb for fruitful returns. They have no term for when markets saw off the branch, as they did in 2000 and again in 2008.
This is an excerpt. For the complete article, please click the above link.
This is an excerpt. For the complete article, please click the above link.
SOURCE URL: https://straightlinelogic.com/
I am interested in your thoughts regarding the connection of gold backed currency and the destruction of Libya .I have read that Gaddafi's Libya was a country that was educating it's citizens and that it had created a very successful irrigation infrastructure turning desert to farmland resulted in feeding Libyans and was fiscally sound. Gaddafi was being cooperative regarding terrorism and was supposedly reformed . They did pay retribution for Lockerbie . The info indicated a movement in many countries in Africa to adopt a Libyan currency backed by gold.
This is what really caused the war and destruction of a stable Mid-east country, now a fertile refuge for Moslem terrorists. Was this another Lesson --don't f***. with the banks and their control of the federal reserve.
I also read that the irrigation system was targeted and destroyed. That can't help the people to destroy their ability to feed themselves
Any correction of my comments will be greatly appreciated.
There is no way to be certain what the US government does or doesn't do, and what its motivations are, so we will never be able to say with certainly why the US wanted Gaddafi gone. Hwever, what you suggest is certainly plausib.e.
I can't help but think that it is the shadow govt that is controlling the U S Govt on these types of foreign affairs. The CFR sticks out like a sore thumb and the banker that founded it.
More likely Awesome or Epic, two words popularly redefined.
;^)
Good work, SLL!
I agree we are headed for a huge recession, but I disagree that the late 1990s were debt driven. The Austrians like to push the theme that 1920s and 1990s were driven by the Fed and not real growth. In the late 1990s the gold price was falling the federal debt (financed) was falling, and the Fed's balance of treasuries was falling.
Both the 1920s and the 1990s were periods of real growth at rapid rates based on technological revolutions (electrical power gird, internet) . They may have gotten ahead of themselves, but that does not mean they were pure speculative inflation.
In both cases we are still benefiting from the the technologies developed in those decades, while we are not benefiting from housing bubble in the 2000s.
In order to extricate ourselves from the situation, we need not only a sound monetary/fiscal policy but we need policies that cause people to create the new technologies that make us wealthy.
Thank's for the excellent article.
Have a safe, enjoyable vacation.
Regards,
O.A.
Every financial new email I get would agree...
However, Arthur Laffer, (economist) outlined a plan to get out of this death spiral...if I were pres. I'd put him in charge of the fed and say...go to it boy...have your way with it. (it was the best plan I've heard to date) I think it was on Glenn Beck last week.
I guess an individual's answer would depend on whether or not they were brainwashed in a government schooling system.
Market manipulation for political power gains at it's finest and the bastards were still re-elected.
Have a great vacation. Hope you can get away from all the crap going on and just have some fun.
A lot of gold. (Giggle).
But what should be this county's economic foundation. Not printed paper and fairy tale magic dust.