One of the most famous quotations of Austrian economist Ludwig von Mises is that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit...
Posted to
Hera
by
Ron Hera
on
Wed, Jun 2 2010
Filed under:
Filed under: US dollar, deflation, debt, inflation, GDP, M3, Hyperinflation, Ponzi scheme, unemployment, mortgage delinquencies and foreclosures, U-6
Ben Bernanke, Chairman of the US Federal Reserve, faces a Sisyphean task because US banks are experiencing debt deflation and, because lending is now at much lower levels, monetary deflation is encumbering the domestic US economy as existing debts continue to be serviced. Government deficit spending...
Posted to
Hera
by
Ron Hera
on
Wed, Mar 10 2010
Filed under:
Filed under: Federal reserve, US dollar, CPI, deflation, debt, inflation, GDP, central banks, money supply, US economy, central bank, M3
Among the many opinions expressed by billionaire investor George Soros over the course of the 2010 World Economic Forum in Davos, Switzerland was his statement on January 28 in an interview with Maria Bartiromo , host of CNBC's Closing Bell , that "When interest rates are low we have conditions...
Posted to
Hera
by
Ron Hera
on
Sun, Jan 31 2010
Filed under:
Filed under: US dollar, CPI, inflation, GDP, China, Gold, World Economic Forum, M3, MB, Euro, Davos