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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JBTFD who wrote (79378)	5/22/2008 11:05:48 AM
From: pogohere	Read Replies (1) \| Respond to of 116555

"Our banking system is mostly private and run on a for profit basis. Not on a philanthropic basis." That's the road to serfdom. The Anglo-Dutch private banking system creates money as debt, and does so from thin air, while charging interest for it. It's best customer is government and the best way to run debt up, and therefore earnings for itself, is to finance guns and wars. "By 1990 the value of the weapons, equipment and factories devoted to the Department of Defense was 83% of the value of all plants and equipment in U.S. manufacturing. From 1947 to 1990, the combined U.S. military budgets amounted to $8.7 trillion. Even though the Soviet Union no longer exists, U.S. reliance on military Keynesianism has, if anything, ratcheted up, thanks to the massive vested interests that have become entrenched around the military establishment. Over time, a commitment to both guns and butter has proven an unstable configuration. Military industries crowd out the civilian economy and lead to severe economic weaknesses. Devotion to military Keynesianism is a form of slow economic suicide."[emphasis added] Chalmers Johnson, "The Pentagon Strangles Our Economy: Why the U.S. Has Gone Broke" alternet.org Business has been good for quite a spell. But the bankers/broker dealers are demonstrating why "free," unregulated markets are a disaster. Welcome to the exponential monetary system ride of your life.