posted on 05/20/2012 9:25:45 AM PDT
( ITINERIS IMPENDEO VALHALLA)
One thing we can be sure of. The Germans are too smart not to destroy their currency , and with it their country. They’ve “been there, done that” before. So even if it looks like they’re suddenly printing and spending zillions of moola, it will be USA loans, probably through the IMF borrowing from the Fed. That makes the ultimate currency the USDollar that gets printed and debauched. Count on it.
posted on 05/20/2012 9:55:56 AM PDT
(remember when "Four more years!" was a credible campaign slogan for an incumbent?)
“Another round on the house!”
That will fix things.....
posted on 05/20/2012 10:45:57 AM PDT
(The means of defence against foreign danger, have been always the instruments of tyranny at home JM)
I just read a paper by one of Obama’s economic advisers. She wrote that one of the reasons why the Depression last so long was there was not enough “fiscal and monetary expansion”. Confusing to me, but the gist of it was “not enough debt and not enough stimulus funding - FDR stopped too soon”. Oh, she also went on and on about how confiscating the private gold and revaluing it was such a great thing. (Odd though, I don't recall her using the word “confiscate”).
And this is one of Obama’s current advisors.
But of course FDR didn't go far enough. SOME of the power still does rest with the people.
posted on 05/21/2012 3:22:49 AM PDT
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