Comments on: Why the US Central Bank Wants to Create Inflation, Destroy US Dollar http://www.dailyreckoning.com.au/us-central-bank-creates-inflation/2007/10/15/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: brouxhon george http://www.dailyreckoning.com.au/us-central-bank-creates-inflation/2007/10/15/comment-page-1/#comment-31272 brouxhon george Sun, 20 Jul 2008 10:38:55 +0000 http://www.dailyreckoning.com.au/us-central-bank-creates-inflation/2007/10/15/#comment-31272 As an Australian I have to submit to Australian laws, just as you would submit to US laws in the US; otherwie I agree with your comment policy. As you pointed out, the mess we all share in our Anglo Saxon world is mainly attributable to our Central Banks and politicians; both have contributed to the enormous national debt, current account and trade deficits currently experienced by the US, England and Australia. It looks to me that the American model of financial capitalism, which we all emulated, is imploding as did communism under the Yeltzin days in Russia. The two doctrines are extreme philosophies and unsustainable because they are fundamentally corrupt. The time has certainly come to democratize democracy as a form of governance by the people, of the people and for the people, instead for some of the people, as it has become under the authoritarian leaders of the coalition of the willing. A necessary regression to the mean is called for as you cannot divorce political from economic issues, but we cannot leave this regression entirely to the market force because free trade is just another chimera.Perhaps the time has come to separate politicians from democratic governance since they are no longer representatives of the people. Plato thought as much in 500 BC. As an Australian I have to submit to Australian laws, just as you would submit to US laws in the US; otherwie I agree with your comment policy. As you pointed out, the mess we all share in our Anglo Saxon world is mainly attributable to our Central Banks and politicians; both have contributed to the enormous national debt, current account and trade deficits currently experienced by the US, England and Australia.

It looks to me that the American model of financial capitalism, which we all emulated, is imploding as did communism under the Yeltzin days in Russia. The two doctrines are extreme philosophies and unsustainable because they are fundamentally corrupt.
The time has certainly come to democratize democracy as a form of governance by the people, of the people and for the people, instead for some of the people, as it has become under the authoritarian leaders of the coalition of the willing. A necessary regression to the mean is called for as you cannot divorce political from economic issues, but we cannot leave this regression entirely to the market force because free trade is just another chimera.Perhaps the time has come to separate politicians from democratic governance since they are no longer representatives of the people. Plato thought as much in 500 BC.

]]> By: Coffee Addict http://www.dailyreckoning.com.au/us-central-bank-creates-inflation/2007/10/15/comment-page-1/#comment-3773 Coffee Addict Mon, 15 Oct 2007 06:22:55 +0000 http://www.dailyreckoning.com.au/us-central-bank-creates-inflation/2007/10/15/#comment-3773 The socialisation of the losses that Bill points to is only half the story. The other half is that US debt is largely denominated in USD. Significant devaluation shares the losses (of the speculators )between the US middle class and overeas creditors, and of course non US exporters whose forward contracts are (for the time being) locked into a diminishing value currency. The socialisation of the losses that Bill points to is only half the story.

The other half is that US debt is largely denominated in USD. Significant devaluation shares the losses (of the speculators )between the US middle class and overeas creditors, and of course non US exporters whose forward contracts are (for the time being) locked into a diminishing value currency.

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