http://www.zerohedge.com/news/2013-03-02/china-central-bank-says-it-fully-prepared-looming-currency-war Central banks itself are a catastrophe, central banks and Fiat money of paper with which you have to pay is just a desaster waiting to happen. A real strongtstate would have currency with some value...
Well it seems I'm not wrong: http://www.ortneronline.at/?p=20597 The "social security system" . It's maybe a misnomer. It probably should be the state promised poverty bomb. The official debts are 16 trillions. Now the social "security" alone should cost hat much... Guess...
Well in my opinion there is an order of imporance for our money system. The base is the fiat-money has to go. Nothing else will help the honest. All fiat-money systems are systems of defraud. The holders of the "money" are states in the form of central banks. So it's clear central banks...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on
Wed, Jun 27 2012
Filed under:
Filed under: order, free trade, end the fed, end the central banks, worthless money, gold as currency, what is important, debt avalanches, end central banks, end big government, end, introducing sound money
Well on is for sure, the French do think of themselves as a grand nation and I guess we Germans are not that loved. That has quite a bit of potential. Let's hope that Hollande will win, and so France will like to end the EU experiment. And well if in doubt. "Blame the Krauts". And indeed...
It's not secret that I'm strictly against central banks. Anyway here's a small calculation on the last moves of the ECB. They made 1 trillion Euros out of the blue. Now a trillion written is: 1 000 000 000 000. How can they do that? Oh it's simple they just say the money is there and...
Not all debts are born equal. And even those being born equal may change over time. You can bet it's another round about Greece. So yes Greece has emitted bonds. (so for so bad). Now it's getting a bit crazy. During 2010 these bonds were accepted as security for other debts (so far so bad), but...
Well dear investors, it is time to conclude. One can not rely on economic data any more. The central banks do manipulate the interest and keep it on record lows. This just means you do not even get the proper interest to account for the inflation. In short the central bank, inflate the amount of funny...
According to von Mises the Bust is the cure and the Boom the desease. So the way out is chrystal clear. As long as we try to prolong the boom the harder and harsher the Bust. Now we have to pinpoint the problems in some logic congruent way. So we know that the states ever have expanded their activities...