Von Mises
Ludwig von Mises – “The final collapse 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 voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
Notice… NO MEANS ! ( He didn’t mention reverting to a Gold Standard)
So pic your poison…keep the party going with zero and negative rates or Introduce the Gold Standard and “voluntarily abandon credit expansion.”
I am pretty sure even Trump is not dumb enough to take away the punch bowl and be credited with causing a nuclear financial meltdown.
IMHO this ends this discussion
Back to the Charts
Yup that’s the quote.
But after a flood, it begins with Search and Rescue.
Then it become Salvage and Recovery.
That’s the step he’s focusing on.
Because he’s read the quote.
Last Comment
He doesn’t read !
I still think we could have a gold backed contract for trading with global partners and still have a crappy FIAT currency at home for the simps. Unless you seek out wealth yourself don’t expect the government to knock on the door and offer it to you.
No politician, no banker has the gonads to put a lid on this thing. The heard is in stampede mode toward “final and total catastrophe.” That’s my 2 cents worth.
…er, herd, not heard.
I heard the herd
🙂