Monday, September 29, 2008

System Failure

Lawmakers quickly point fingers after bailout fails - CNN.com
"Our strategy is to continue to address this economic situation head on. We'll be working to develop a strategy," Bush said.

I'll give you a strategy, rebirth the gold standard and abandon fractional reserve.

Or if you want a real solution, It's called Social Credit.

Since most of you are painfully lazy I'll quote wiki.

Assuming the only safe place for power is in many hands, Social Credit is a distributive philosophy, and its policy is to disperse power to individuals.

“Systems were made for men, and not men for systems, and the interest of man which is self-development, is above all systems, whether theological, political or economic.” - Hugh Douglas

Past all that, We've been doomed for a long time.

Read about What (Really) Happened in 1995.

And again, for the painfully lazy I'll give another taste.

As this article shows, when working, all the Fed does is mimic non-fiat based monetary system, such as the gold standard. When the current fiat money regime is not working, it is doing everything but that. With a nearly infinite number of ways to screw up, and subject to the short-term interests of Wall Street and politicians, but only one way to succeed -- it imitate the gold standard -- suggests to me the Fed is not only not helpful to the economy, but harmful.
You've been warned for years, and you let morons run the country, raise your children, train your doctors, and sleep in your bed.

Tunnel vision FTW.

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