The more significant danger I see is that the overall economy is being propped up by government borrowing and government transfer payments that are unsustainable. I just don't think most people realize the extent to which this is the case and the extent to which the economic numbers would not be close to what they are without $1.5 trillion per year in unsustainable Federal debt buildup.
Good rant, OLD. I've never been one to think Ron Paul has the solution either. In fact, I'm not sure he even understands the money system well enough to solve the problem. And as far as state government being more corrupt, whoa, I've seen and heard a boatload of stuff that corroborates that. In Wisconsin, the majority leader in the assembly about 10 years back was indicted on 19 charges that in theory could have landed him in prison for 200 years. If I remember correctly, and I'm sure I do, it was reported that he openly told people that they would not get an appointment in his office without bringing campaign contributions and if they didn't bring money to get their asses out of his office.
aedens wrote:Bernanke's ZIRP policy has eliminated $450 billion in purchasing power decisions.
This is a transfer from the real economy to the financial black holes. If it were a gold standard eocnomy today it would be the equivalent of seizing the percentage of gold that represents the inflation rate minus ZIRP (zero of course) each year and destroying it. It also has similarities to the yearly gold ransom that Attila (and later his sons) demanded from the Romans each year before the empire collapsed. ZIRP is Bernanke's yearly seizure for the banks and it is a pre Dark Age looting process.