Sun Nov 15, 2009: As we are reminded by Mises
It is characteristic of current political thinking to welcome every suggestion which aims at enlarging the influence of government. Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary
unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes. If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary
unit will decline more and more, until finally it disappears completely. The most serious dangers for American freedom and the American way of life do not come from without. What is needed to prevent any further credit expansion is to place the banking business under the general rules of commercial and civil laws compelling every individual and firm to fulfill all obligations in full compliance with the terms of the contract. If you have to convince a group of people who are not directly dependent on a solution of a problem, you will never succeed. Only to bureaucrats can the idea occur that establishing new offices, promulgating new decrees, and increasing the number of government employees alone can be described as positive and beneficial measures. The issue is always the same: the government or the market. There is no third solution.
We have watched this again and they never learn... Even us who have watched from Corporate for decades are stunned and also the social darwinism as they destroy themselves with pragmatic efficencys. They have no idea what is coming and think every one else will save there bent of mind top to bottum.
We shall see. Amos warned us also
http://gdxforum.com/forum/viewtopic.php ... 450#p19317
toxic or uncollectable