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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.35

+0.7%

Nov 18 4:00 PM EST

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To: TobagoJack who wrote (48511)	4/12/2009 7:40:23 PM
From: Canuck Dave	3 Recommendations Read Replies (1) of 217862

I read the linked article and scratched my head for a while. The Austrian school has clearly identified booms as being caused by excess money and credit creation with a corresponding contraction afterwards. So credit creation outside the traditional money conduits are immune from collapse? Maybe they are until the government starts covering them. But how does that help us? It wasn't until I read this that my thinking came into focus. business-standard.com It isn't just credit which gets debased during a boom phase, it's critical thinking too. Bullsht about the true nature of money still abounds, which is neatly encapsulated in a quote from the article. "Gold is no longer physical wealth but a paper asset whose value can fluctuate widely."* As I read that, it all came back in a flash. The smoke machine lives on. "War is Peace. Freedom is Slavery. Ignorance is Strength." I wonder if Mr. Blair (Eric, that is) would be proud that his dystopia appears to be coming so horribly true. CD

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