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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday 18 September 2011

I posted 2 charts by Guido Romero yesterday.I particularly like the introductory comments on his chart list
link   
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3585763

The global Debt Based Fiat Monetary system is predicated on the perpetual expansion of credit and money supply or inflation for short. Two problems: inflation is a dynamic that conforms to the law of diminishing marginal utility and is thus limited mathematically - as inflation is pushed aggressively, pervasively and artificially over decades, financial value runs away from intrinsic value as is evidenced by the relative charts on pages 6 & 7. As this dynamic is pushed towards its logical conclusion, profits gradually concentrate in the finance industry till they concentrate in the hands of those entities that are closest to the creator of the currency. This is also the point at which government is the largest actor in the economy, unemployment and industrial capacity peak, interest rates bottom, economic actors are burdened by excessive debt and the governing and corporate elites are implicated in progressively more and bigger scandals. At this juncture, the probabilities of a global conflict increase significantly. Participate to the discussion on my blog at: www.guidoromero.wordpress.com

and totaly agree with this :

http://guidoromero.wordpress.com/2011/09/13/considerations-on-the-monetary-system/

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