“The growth of the monetary base has been staggering high since the financial crisis broke in September 2008 with the collapse of Lehman Brothers. Since the end of August 2008, the monetary base has risen from $877 billion to $2,651 billion as of September 2012. That is a giant 3-fold rise. Witness the American Weimar era, its final chapter. The massive increase in new money has done nothing to foster growth in the USEconomy. The main reason is that fiat paper money destroys capital, a concept the hapless corrupted US economists cannot comprehend, either from compromise to their masters or lack of intellect (…) This capital destruction factor is a great blind spot to the hack economists who operate more as marketing harlots for Wall Street and the USGovt than analysts and advisors. The Ponzi Scheme theory dictates that an acceleration in new money is required to keep a constant speed. Expect more wreckage from the stripped gears of the USEconomic engine.”
“The American Weimar experiment is turning into a tornado of financial ruin with inadequate recognition. (…) liquidity does not address the insolvency ills. (…) the root cause of ruined money was the war. In the current decade, the wars are endless. America chose war over industry.” – Jim Willie
Read the complete article HERE: Death Knells for the USDollar, by JimWillie, financialsense.com, September 26, 2012
Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. Visit his free website at www.GoldenJackass.com. For personal questions about subscriptions, contact him at JimWillieCB@aol.com
Quantitative Easing FOR EVER
“The FED did it again! This is the final abomination. This has gone too far” – David Stockman, at the Mises Circle in Manhattan
How Crony Capitalism Corrupts the Free Market | David Stockmanmisesmedia
* Weimar Republic Paper Money: By 7.23.1923, Five million marks are printed. Only weeks later this note had no value at all. Billion mark notes gets printed, and even they get worthless shortly after. – This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.
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