Folk and Faith Forum
September 07, 2010, 02:07:53 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News:
 
   Home   Help Search Login Register  
Digg This!
Pages: [1]
  Print  
Author Topic: The End of Money and the Future of Civilization  (Read 680 times)
folkandfaith
National Revolutionary!
Administrator
Hero Member
*****

Revolutionary Reputation: +13/-1
Posts: 1,485


The North American Alternative


View Profile WWW
« on: October 15, 2009, 07:36:00 PM »



The End of Money and the Future of Civilization


It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt.

Even if the stock market can be shored up by more government borrowing for “stimulus” spending, it’s a temporary reprieve, because nothing can bring back the consumer purchasing power that was lost when the banks stopped pumping money into the economy through out-of-control mortgage lending. We simply no longer have the job base for people to earn the income they need to live.

The underlying cause of the crisis is in fact the debt-based monetary system, whereby the U.S. ruling class long ago sold out our nation and its people to the international banking cartel of which the Rockefeller and Morgan interests have been the chief representatives for over a century. It was lending on a previously unheard of scale for overpriced assets to people and businesses unable to repay that created the bubbles that burst in 2008, not only in the housing market but also in such areas as commercial real estate, equities, commodities, and derivatives. It was an explosion that reverberated throughout the world.
...

Continued:


http://tinyurl.com/yjbgebw
Logged

"If a man isn't willing to take some risk for his opinions, either his opinions are no good or he's no good."

--- Ezra Pound
folkandfaith
National Revolutionary!
Administrator
Hero Member
*****

Revolutionary Reputation: +13/-1
Posts: 1,485


The North American Alternative


View Profile WWW
« Reply #1 on: November 12, 2009, 11:29:23 AM »

The large-scale government intervention in the economy is going to end badly.
image

Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.

A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.

Continued:
http://tinyurl.com/yzu53ay
Logged

"If a man isn't willing to take some risk for his opinions, either his opinions are no good or he's no good."

--- Ezra Pound
Pages: [1]
  Print  
 
Jump to:  

Related Topics
Subject Started by Replies Views Last post
RACIAL NATIONALISM, WAVE OF THE FUTURE International and Local News Stories JW 3 616 Last post March 08, 2008, 08:47:36 AM
by BANA
Killswitch for the future Do it Yourself (DIY) folkandfaith 0 458 Last post July 04, 2008, 10:36:54 AM
by folkandfaith
Money Talks Articles of Interest NSPunk 5 524 Last post June 23, 2009, 07:38:19 AM
by JW
Preparing for the future Self Defense, Survival, and Firearms folkandfaith 0 593 Last post October 03, 2009, 09:18:08 AM
by folkandfaith
We need a new civilization Free for All Discussions JW 4 175 Last post March 30, 2010, 05:48:57 AM
by blutausbeherit
Powered by MySQL Powered by PHP Powered by SMF 1.1.11 | SMF © 2006-2009, Simple Machines LLC Valid XHTML 1.0! Valid CSS!