The Ponzi Scheme (Photo credit: Wikipedia)
These are two articles each one having a video in which many of the economic realities we talk about here are discussed in slightly different ways. The first is an article titled Opportunity Squandered: We Blew It, by Charles Hugh Smith, at oftwominds.com, and the other is titled,You Are In The Ponzi Scheme Whether You Realize It Or Not, by Monty Pelerin’s World, at ecoomicnoise.com.
I know your most precious resource is time, and each of you only has a certain amount of time set aside to read and be kept up to date on what is going on. Set some time aside to read the articles, but more importantly listen to the interviews. One is CHS talking with Gordon T. Long, and the second is an interview with John Robino and Gordon T. Long. Both talk about how the printing of counterfeit money, combined with artificially low-interest rates starts in a direction that F.A. Hayek said “leads to serfdom and poverty”. (more…)
AUSTRIAN ECONOMICS ADDICT 