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Tag Archives: economic collapse
You mean the Bailout failed? Didn’t see that coming.
[ARTICLE] Despair about a weakening global economy is sweeping across Wall Street, propelling the Dow Jones industrials down more than 700 points. Investors around the world have been selling off stocks as they come to realize that financial systems in … Continue reading
Posted in austrian economics, Constitution, downsize dc, economics, economy, Election 2008, fascism, free market, Gold Standard, History, inflation, John McCain, obama, Politics, ron paul, socialism, taxes
Tagged 000, 10, 700 billion, 800 billion, bailout, dow jones, economic collapse, falling, fascism, socialism, stock market, stockmarket, stocks, taxes
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Daily Wise Man
Today’s Daily Wise Man is Ludwig Von Mises for predicting this economic disaster decades ago. “True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit … Continue reading
Posted in austrian economics, Constitution, downsize dc, economics, economy, Election 2008, fascism, free market, Gold Standard, History, inflation, John McCain, obama, Politics, ron paul, socialism, taxes
Tagged 700 billion, austrian economics, bailout, crisis, depression, economic collapse, economy, fascism, federal reserve, fiat currency, government, inflation, interest rates, ludwig von mises, money, mortgage, socialism
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Presidential Debate:Live Coverage!
I’m going to sit here with my delicious beer from Stone BRewery and watch the debate. I’ll add my commentary in real time…at least as long as my interest lasts. Neither candidate will ever have my vote but let’s see … Continue reading
Posted in beer, Constitution, downsize dc, Drug War, economics, economy, Election 2008, fascism, free market, Gold Standard, Governmental Ineptitude, Guns, healthcare, History, iraq war, John McCain, obama, Patriotism, Personal Liberty, Politics, real id, socialism, taxes, terrorism, war, war on (some) drugs, War on Drugs, war on terror
Tagged 2008, debates, economic collapse, economy, election, live coverage, mccain, national defense, obama, Presidential debate, terrorism, war
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Economic Collapse
When the dust settles, the Federal government will be left with staggering liabilities that will be impossible to repay with legitimate means (taxation or borrowing). To make good, they must rely on the printing press to create money out of thin air. The rapid expansion in money supply will push the dollar down mercilessly. Just like a toy rocket ship, once the dollar runs out of fuel it will crash back down to Earth. Continue reading
