Apr 27 2006
Perfect Financial Storm: Built into the System
“A broad scale economic crisis as a result of a credit expansion and inflation policy in the past would most certainly lead to a new wave of government intervention, posing a threat to the idea of a free market oriented societal order. The crisis will be attributed to the failure of the capitalist system rather than the failure of a government controlled monetary system. That said, today’s short-sighted monetary policy runs the risk of not only destroying the value of the currency but also poses a serious threat to the free market society.”–Thorsten Polleit, Honorary Professor at HfB - Business School of Finance & Management, FrankfurtYes, readers, we are talking about the boom bust cycle, which if you are paying attention, can be traced directly to monetary policy and artificial rate manipulation by central bankers. Political expedience is always the norm, as well as self-serving collusion between the banking cartel running the Federal Reserve in cahoots with the U.S. Congress.
For those who truly want to understand on their own why this is such a crucial concept, we encourage you to read the rest of Thorsten Polleit’s article quoted above. It’s a bit thick, but those ahead of the curve are never too busy to roll up there sleeves every now and then.
Again, we are talking about those economic storm clouds and if they’ll mix up for us the perfect financial storm and a new Great Depression.
Read up. Stay vigilant!
