September 2011
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Austrian economics explains nothing solves nothing just sells gold during deflation

Fisher’s Debt-Deflation Theory of Great Economic Depressions “two loop” analysis and social credit solution elaborated in detail Austrian economics explains nothing and solves nothing. It just sells gold to economic illiterates during spiraling deflation and lobby’s creditor windfalls against the public interest. Social Credit in Australia Part Two of this video: Did the gold standard promoters tell you that there will still be fractional reserve loans by banks — only instead of reserves and credit availability set by the exchange of currency and securities traded between the big banks and the central bank, we will have credit currency and gold traded between all banks and biggest bankers UNLESS you want 100% gold backing, in which case biggest bankers will still control money supply by withholding gold from circulation. The price of gold will be so high — and biggest banker gold wealth expanded with it — that you will need a tweezers to lift your micro-coin monthly hard money pay out of your pay envelope. M argit K ennedy Why Do We Need Monetary [...]

Goodfriend Says Fed Can’t Let Downturn Become Deflation

Sept. 14 (Bloomberg) — Marvin Goodfriend, a professor of economics at Carnegie Mellon University, discusses Federal Reserve policy and the outlook for inflation. Goodfriend speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” Jeffrey Sachs, a professor at Columbia University, also speaks. (Source: [...]

DEFLATION – No Simple Answers to an Epic Mess – Part 2

F**k you, buddy – Adam Curtis – The Trap 01 As you view this video, think about how important psychological perspective is when analyzing a problem. What biases do you bring to the table when you think about our current economic mess? Debt: The First 5000 Years Great discussion – well worth a watch for everyone, especially gold and silver bugs: David Graeber talks about the history of debt and its impact in the world over thousands of years. During this event from Melville House Bookstore in Brooklyn, New York, Professor Graeber talked with Left Business Observer editor Doug Henwood, author of Wall Street and After the New Economy. [...]