Currency crash course, 1

“As I have said many times before, the economic crisis of 2008 was only a speed bump on the way to the main event. I believe that before the end of this decade there will be an economic crisis so historic that it will eclipse the crash of 29 and the subsequent great depression. I also believe it is both unavoidable and inevitable, because it is merely the free market releasing the stored up energy from decades of economic manipulation. Yes… bad things are going to happen, but it could be the best thing that ever happened to you.”

—Mike Maloney

Note: Economics is not my forte and therefore I cannot discuss the complex issues of these new series with those commenters who believe that gold or silver “are no cure for it,” no cure for the Ponzi scheme that will collapse within this decade. I would recommend those critics who completely reject what Maloney says to go to his own site, subscribe if necessary (it’s free), and discuss it there.

Published in: on November 10, 2013 at 11:52 pm  Comments (4)  

The URI to TrackBack this entry is: http://chechar.wordpress.com/2013/11/10/currency-crash-course-1/trackback/

RSS feed for comments on this post.

4 CommentsLeave a comment

  1. This is interesting, and relevant, but a little outof character for WDH. What was the rationale for posting this?

    • Click on the category “currency crash” and see its absolute relevancy: no less that the beginning of the end of the interregnum that started in 1945.

  2. All money is fiat currency. A token of exchange. The boom and bust cycle of modern times is the same scam the banksters have been running since Sumeria.

    Gold and silver are no cure for it. If anything they make it easier. As with ancient Sparta, only when the people lose their self discipline and moral character, does the fall come. The Aryan problem.

  3. Fiat money is a centralization of government economic power; gold usage is decentralization. If you’re supporting a populist government against wealthy capitalists you want fiat currency, if you’re trying to break a corrupt government’s back with under-the-table trade you want gold.

    The part on America “exporting inflation” was interesting.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 244 other followers

%d bloggers like this: