Financial collapse of credit bubble, uncertainty, Social safety net shredding Social compact. Politically-inspired austerity cuts lead to martial law.

Credit Bubbles: The Endgame

‘The profound words of Austrian School economist Ludwig von Mises drive right through the soft underbelly of fiat currency-based Keynesianism:

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

I find it sad that it has to go this far, yet no one can argue that the situation in most Florida housing markets is not “a boom brought about by credit expansion.” Many will continue to argue that the nationwide housing boom was brought about by factors other than easy credit.

That may be the case in many areas, but it misses the point of examining the Florida bust and its fallout: The Fed has set a long precedent of bailing out unwise investors, and thereby sowing the seeds for the next round of asset inflation and its accompanying bust. This cycle must continue as day follows night.

When the tipping point is reached where asset inflation spills over into the CPI, head down to the local hardware store and buy a wheelbarrow, because you’re going to need it, rather than a wallet, to go shopping. This tipping point will likely be reached when enough of us leave the work force and are at the receiving end of that aforementioned flow of Social Security and pension payments.

The Fed’s current remedy for a burst bubble that’s originally brought about by inflated fiat currency is still more inflated fiat currency. The monetary system has passed the point of no return long ago. The inflation must continue or the system will implode. You can choose to lament this situation or you can understand it, anticipate it, and adapt to it. I choose the latter.’

Corporate welfare is like throwing pearls before swine:

Don’t give that which is holy to the dogs, neither throw your pearls before the pigs, lest perhaps they trample them under their feet, and turn and tear you to pieces. – Matthew 7:6

Credit bubble collapse results from privatizing gains while socializing losses

‘Getting the money out of politics’ is a page taken from All of My Five Now Six Campaigns for Legislative office.

Progressives share with tea partyists the same railing against ‘oh-bomber-care’ for different reasons. Either it does not go far enough (its nowhere near Universal Single-Payor Affordable Quality Healthcare) or its not the purview of government (its socialism) Both sides have lost sight of millions of lives being continually destroyed and wasted by the present greed (competitive) system where only only Big Pharmaceutical and Big Insurance make out by profiteering from providing quixotic health care to only those who can afford their dictated cost. in these united states of corporations thats the one-tenth of one percenters.


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