A bunch of turkeys have hijacked our monetary system and all they know is how to print money. Rather than let the market clear itself out, central banks continue to use taxpayers’ money to bail out insolvent institutions. This brilliant strategy has NEVER worked in the past and it will not work this time around. Instead of robbing innocent people of their savings, the establishment must allow the weak banks to go bust…
February 26th, 2009 | Puru Saxena | 3 comments | ContinuedAll Posts Tagged With: "nationalisation"
The United States: The Largest Ponzi Scheme in the World
The United States is now the largest Ponzi scheme in the world. The only way to pay off the old lenders is to bring in new ones – or run the printing press. That’s all lenders have to worry about – inflation. And for the moment, prices are going down. They’ll keep going down too – until they go up…
February 20th, 2009 | Bill Bonner | 6 comments | Continued
Return to Magic Mountain
“It’s worse, quite frankly…than everyone thought it was…and it’s getting worse every day,” says America’s new Vice President, Joe Biden. Mr. Biden is talking about something he knows nothing about – the worldwide financial crisis. And this week, a large group of people who know nothing about it are going to travel to Davos, Switzerland, to talk about the financial crisis…
January 27th, 2009 | Bill Bonner | 0 comments | Continued
Millions of Zimbabweans Face Starvation due to Nationalisation caused by Hyperinflation
As Milton Friedman once said, “If you let the government run the Sahara Desert, soon there will be a shortage of sand.”
July 24th, 2008 | Kate Incontrera | 5 comments | Continued