January 14, 2007

No Way Out??

You might have started, you might have not, however, the warning signs are stark and clear. There might just be no way out of the national economy going into debt.

This article reveals that the current predictions of realists match those that were going on for 2006.

M-3 remains hidden by the Fed, so that We the People can’t know what the Federal Reserve is up to. Where’s the transparency Ben? Check out this monster in the chart above — It tells you all you need to know about what the Fed has been doing with M-3.

Further condsider this, and make your own judgement if you should plan accordingly:


Dollar devaluation would require mandated cost-of-living wage increases, but also would require issuance of a brand new currency. Call it the liberty instead of the dollar. If you tied the liberty to gold, the U.S. currency could keep its world reserve status and survive the dollar devaluation tsunami. It would require a liberty to be worth the equivalent of two dollars, where there was only one dollar in circulation before the fifty percent devaluation event. A gold-backed liberty would stabilize inflation, and bring monetary stabilization back, but in a new economic order where debt is substantially reduced, both private and government. Government debt would be reduced as folks are required to pay taxes on the dollar-devaluing household-handout. Of course, this means Gold would have a bright future. I don’t see any other way out. Thank Artificial Economics for this — the economics practiced for the past decade in this nation that wasn’t mentioned in your child’s college economics textbook.

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