Een bekende Amerikaanse econoom uitte zich onlangs in niet mis te verstane woorden over Fed-baas Ben Bernanke. Hij nam de woorden DESTROYing the Value Of Money” en “Uprooting The Basic Stability Of Society” in de mond. Dat zijn zware beschuldigingen die Bernanke toch eens tot nadenken zouden moeten stemmen.
De president van de Federal Reserve heeft er blijkbaar weinig besef van hoeveel pijn hij aan de wereldeconomie kan toebrengen wanneer hij zijn gigantisch en nooit gezien economisch experiment moet stopzetten. Hetzelfde geldt overigens voor zijn Japans maatje Kuroda.
While the rest of the developed world is scrambling here and there, politely prodding its central bankers to DESTROY their relative currencies, all the while naming said devaluation assorted names, "quantitative easing" being the most popular, here comes Venezuela and shows the banana republics of the developed world what lobbing a nuclear bomb into a currency war knife fight looks like:
And that, ladies and gents of Caracas, is how you just lost 46% of your purchasing power, unless of course your fiat was in gold and silver, which just jumped by about 46%. And, in case there is confusion, this is in process, and coming soon to every "developed world" banana republic near you.
The past and present bailouts of each and every bank (and 'important' industry) will, one day, be seen as a generational offense is how MEP Daniel Hannan begins this thoroughly British demolition of the three critical myths surrounding the crisis, that despite market optics, we are still living through. From the idea that capitalism has failed (it has not in his view, it has been ravaged by political pandering), to the crisis being caused by lack of regulation, and that greed is the single-driver of the mess that we remain in; Hannan suggests in a brief but extremely eloquent debate that there is a world of difference between being pro business and pro market as he DESTROYs any semblance of credibility that the political (and elite) class has echoing a young Ron Paul in his thoroughly libertarian free-market sensibilities.
Listen as Follow the Money Weekly Radio show host, Jerry Robinson, explains the shocking truth about the coming collapse of the U.S. Dollar. In this video, Jerry Robinson explains the Petrodollar System and how it's collapse will DESTROY the dollar through hyperinflation.
Jerry Robinson is a popular economist and best-selling author of the book "Bankruptcy of our Nation." You can learn more about him and his weekly radio show, Follow the Money Weekly, online at http://www.ftmdaily.com
The Huge debt effect ALL Americans... Union and Non-Union. It crushes our nation. Let's be straight, Unions Thrive WHEN the USA is Thriving...not when it is being DESTROYed. That is because there is LESS pressure on the Tax Payer...in the case of Public Sector Unions, their boss.