Aaron Wissner describes the difference between the present recession and the recession (depression) of the 1930s; a positive vision of the future beyond the money crisis; and a proposal on how to prevent a collapse, provide jobs for everyone, and build community resilience. Note: I heard the idea about the teacher’s aides via a WSJ interview with Robert Shiller of the Case-Shiller index, not Peter Schiff as I mentioned. Both Shiller and Schiff, along with ten others, accurately predicted the recession by using proper money-flow models of the [...]
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Aaron Wissner explains the difference between deflation and a recession and discusses: economic shocks, expectations, deflationary spiral, the contraction of the money supply, savings, velocity of money, private sector business sales, unemployment, confidence, and pessimism. He then talks about what to expect for the housing markets including: foreclosures, under water, housing bubble, total mortgage debt outstanding, bank credit, debt, promissory notes, assets, liabilities, Detroit, median price, jobs, work, employment, selling, rental, apartments, risk, Netherlands, and housing [...] |
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Austrian economics explains nothing solves nothing just sells gold during deflation
Fisher’s Debt-Deflation Theory of Great Economic Depressions fraser.stlouisfed.org “two loop” analysis and social credit solution elaborated in detail www.citizensamericaparty.org 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 www.alor.org Part Two of this video: www.youtube.com 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 [...]