It is very simple:
1. It is wrong to print money when there is no value to back it. It is the source of inflation, and it is stealing.
2. It is wrong to manipulate interest rates, to benefit some and harm others.
3. It is wrong to invade countries that never posed any threat to you. Lying about a threat changes nothing.
If you are watching your assets disappear from your side of the ledger, and appear on the side of those who brought us this mess, then perhaps you can wake yourself up if you contemplate the problem from a moral point of view. Modern economics claims to be moral-neutral and scientific, except its central fear is what they term the "moral hazard." Each of the above is a morally hazardous scheme.
The solution is a short period of sackcloth and ashes now for those who brought us this mess. If not, you'll wear the sackcloth and ashes exponentially longer, later.
Wednesday, March 19, 2008
Why The Economy Is Crashing
Posted in Exceptional Wealth by John Wiley Spiers
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