<<The cataclysm is global in nature, no one will escape, all will suffer, either by lost income, busted nest eggs, foreclosed homes, inflation of service prices, deflation of manufacturing businesses, in all currencies, in sequence, in parallel, but in line.>>
As has been forseen here for some time markets continue their downward spiral while pundits look for the bottom of a stock market trading 40 times earnings
spglobal.com
while claiming growth to return soon... despite constant downward revisions and deteriorating conditions.
Meanwhile the beauty of Rothbard's work continues to shine through the muck so brightly and with such Zen like simplicity as to be unnoticed by supposed 'deep thinkers' who scramble busily about stumbling right over it pointing this way and that to convoluted scenarios purporting to have support from the latest statistics [to be revised for years to come], all in the name of getting on the next talk show. Now we see the next stage he describes already unfolding as the politicians run about claiming to be able to 'fix' all the problems from unemployment to the latest woes of the U.S.'s hollowed out economy before the depth of what is happening even becomes fully apparent. We should see quite the comedy show as the next year or so unfolds.
I figure by 2060 when the next depression is ending, Austrian will most likely be widely spoken... who knows perhaps earlier when people realize the highest, best, economic use for their dollars is wall paper for the library :)
All is good here in the great white north BTW, been sailing, swimming, enjoying those late sunsets on the deck with the occasional glas of BC wine.... more excited than ever by the PPP $CD vs $US as well... brought more money up. The coming dollar meltdown should be very profitable for those with eyes wide open. Hope all is well.
DAK |
