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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (67958)	8/10/2006 2:32:19 PM
From: jim black	Read Replies (1) \| Respond to of 110194

A good article for anyone interested in the money debates abounding here and elsewhere...thanks for it jim black

To: mishedlo who wrote (67958)	8/10/2006 3:05:02 PM
From: jim black	Respond to of 110194

Mish, Item 9 refers to the endgame envisioned by von Mises and that is what does, or should, keep us from quiet slumbers, the question of where does this mess all end up, and does it occur on "my watch" i.e., while I am still alive. The endgame von Mises warns of, the same warning implied in the last line of Bonner's book Empire of Debt, is the specter of the "center not holding," the reference of (financial) Armageddon described so forcefully in WB Yeats' poem, about something dreadful slouching its way to Bethlehem to be born. This does not mean Biblical reference. This refers to the world we have made and how we will pay for it, the promises of a spendthrift harlot government we have let run wild. I sometimes wince to hear my aged mother express that she is glad she is old as she is, but sometimes it does ring true. jim black