Canadian Jeff Berwick, The Dollar Vigilante, expanded further on inflation, the Federal Reserve, fiat currencies, fiscal collapse and the light at the end of the tunnel. Property Rights and the Nonaggression are possible with his system.
Until the 1930s we had a decent financial system. Central Banking enables expensive long-term wars which profit only the very few . People wouldn’t want to pay for 10 year wars if they got the bill in the post every month. The current Fiat Monetary System has only been around about 40 years. We are not even close to true capitalism at the moment. In fact we are very close to a Communist System. We should be looking at getting back to true capitalism. No FIAT currency has lasted very long. So we look forward to a brighter future. It is similar to Germany in the 1930s. Treasuries are not popular with investors because they know there is a ‘haircut’ coming. ’50c on the Dollar coming.’ The ‘Hope and change’ of Obama sounding pretty hollow. They are going for Hyper-Inflation as a way out for them and the excuse could be ‘China is causing our problems.’ He gave it 5 years.
Gold increases at only 1 or 2 percent a year unlike the increases possible with FIAT Currency.
He says the term Anarchy was hijacked by the ptb. Anarchy just means a system without violent rulers.
- Austrian School of Economics – http://www.econlib.org/library/Enc/AustrianSchoolofEconomics.html
- ShadowStats.com – http://www.shadowstats.com/