United Liberty
Jim Rogers: “Central Banks Are Unleashing A Inflationary Holocaust”
Fri, 10/10/2008 - 11:55pm | posted by Austin Wilkes
Jim Rogers tells CNBC something they rarely hear from their “expert” guests- that the economy needs to be left to itself to liquidate and that the result will be a future of more sustainable growth.
Shhh… it’s all about consolidation.
Bankrupting companies then buying them for 10 cents on the dollar.
Considering that most Amerikans can’t even program a VCR… i’m not too concerned that they will ever figure it out. Sit back. Enjoy a cold beer. Watch some TV, Idiots.
We’re watching The Great Depression 2 happen before our eyes along with the Fall of the Amerikan Empire and I’m laughing the whole time. I won’t be the one fighting the coming WW3. Enjoy.
Although many people will view this solution as a corporate takeover of personal assets, or the rich getting richer, in fact, it is the ONLY way that we can proceed. Government interaction is the wrong approach, we must let all assets transition to their correct values and this can only happen in an open market without market manipulations.
McCain is talking about ‘propping up’ mortgage values. This is the wrong thing to do because someone has to do the propping - let them find their true value and stop treating a house like an investment.
Read more about the Austrian Economic models at this great site run by an organization affiliate with the University of Alabama…
http://mises.org/
And buy some cellphone batteries from me so that I can be in a possible to purchase some of that reduced cost property ;)
http://www.cellular-phone-batteries.com
Sounds like Central bank is run by a bunch of Morons and Idiots!
Jiff
www.anonymity.at.tc
I say let the companies that make the wrong choices fail and let the people who have money invested in these companies get what they deserve…They’re just propping the whole system up so people have false faith in the system…If we don’t make substantial changes, we may be able to weather this storm but more than likely the same thing will happen somewhere down the road.
I find it really amazing. The banks who have been prudent and are still solvent get nothing while the banks who failed miserably are getting rewarded. Then to add insult to injury, we make the automakers come up for a plan.
Comparing the banking industry issue versus the car industry situation.
Its like handing out a truckload of gold with no strings attached COMPARED to handing out a few gold coins with requirements on how they will be spent and signing a loan agreement for repayment.
There are those who have said it would be better to let the banks fail, leaving only those following good prudent practice to remain, then hand out the 700 billion to everyone in the country with the requirement that it be spent within 6 months. This would do more for economic recovery than letting the fox watch the henhouse.
You think Amero our rescue?
You think Amero our rescue?
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