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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


Monday 23 September 2013

we can talk about economics,about Keynesianism and Austrian theory  and Monetary Realism and which theory is correct and how debt levels are unsustainable etc etc but are we missing the point ?

here is an interesting comment from HCP at Daneric's....reader feedback welcome




"HelicopterCoPilot

Reserve currencies are built on military conquest... The resulting assymetric consumption of commodities by the "host", is a sympton, not an underlying cause. Dollar will be reserve currency, as long as America's military dominates the distribution of global oil supply.. To pretend, that Saudia Arabia or any other major oil exporting nation (ex. Russia) has any degree of "self-determination", is delusional thinking......
Qe is not the reason people (fascist & dictatorial states, individuals are irrelevent)are embracing the Dollar as reserve currency. They are embracing it because of increasing coercion, that supports the Dollar, despite QE...."


and this is interesting ,from Mish

 http://globaleconomicanalysis.blogspot.co.uk/2013/09/reflections-on-conspiracy-theories.html


so what is the endgame ??

2 comments:

  1. Have you seen this?

    http://www.zerohedge.com/news/2013-09-21/how-economic-machine-works

    ReplyDelete
  2. No I hadnt,thanks He is a smart guy,will post the link

    ReplyDelete