The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (13771)	9/20/2003 7:47:51 PM
From: Elroy Jetson	Read Replies (1) of 306849

It would be best if money to fund the real estate bubble did not come from anywhere. The fact that this monetary fraud serves the purposes of national socialism and their current leader does not mean it is in the best interests of the country. As Charles Rist pointed out in his book(1), "A policy aiming at monetary stability will secure a relative stability of prices, but the economic history of the 1920's teaches us that a policy whose goal is stabilization of prices may result in inflation of money and credit, and very unsound speculation. "Monetary stability" achieved by the expansion of monetary aggregates through deficit spending (tax-cuts without spending cuts) results in disastrous unsound speculation. National socialists like yourself proclaim this to be a wonderful event for the middle-class and the nation because everyone can now become wealthy through speculation. Yet even a cursory knowledge of the disaster John Law brought with this sort of monetary policy and the South Sea Bubble betrays you as either a fool or a crook. Like the current regime, the earlier national socialists used tax cuts to the wealthy and monetary creation to achieve their aims. As Rist states, "The Germans, without doubt proclaimed everywhere the end of the role of gold. It was one of the dogmas of Nazi economic policy. But, wherever they could put their hands on gold, in privates safes, in occupied territories, or worse, even in the dentures of those deported, they hastened to seize it. Gold held a place of honor. Sound money is always the first target of the national socialist as it interferes with the state's ability to control all aspects of daily life. This is why Bush is working so hard to destroy the dollar through deficit spending. 1.) "The History of Doctrines relative to Money and Credit:: Since John Law until our Current Day." Due to it's timeliness, this book was just re-published in French April 2003 and was previously published in English in 1961 as "The Triumph of Gold." amazon.com amazon.fr

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