Friday, 05 August 2011 07:46 'Everyone predicted the market would crash if the US didn't raise the debt limit and defaulted. Well, the debt ceiling was raised and the market crashed anyway. Even gold went down today. Why?
They crashed because the specter of "lower government debt" meant less spending i.e. The medium of exchange would not keep pace with economic growth. And since the dollar is the world reserve currency, this puts the world economy in a straight jacket.
Until we understand the nature of money and reform its creation, we will continue to be punished. Money can no longer be produced as a debt to the private central banking cartel. It must be produced debt-free.'
Saturday, 6 August 2011
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