From ForexFactory to myFXbook

I was thinking about this last video and I don't get their point. They blame the FED for messing up the economy and they want the government to print 'debt free money' so we pay no interest to the bankers.

Thats all beautiful and nice theoretically.

Now if they really get what they want we will suddenly find the power of printing money in the hands of people like Barney Frank.

Do you really want that?

I understand that the FED is after their own interest not yours or mine but let me ask again.

Is the congress any better?

Abolishing the FED would just give it another name and maybe form. The crooks will still be behind the curtain manipulating the new institution.

The problem does not reside on who prints the money, or how good or bad they do their job. The problem is with the human greed.

Unless there is a revolution and they change the way politicians are elected, and make them be accountable for their promises, and enforce on them some serious liabilities when they screw up nothing will change.

TheOracle posted:
    I kinda agree with you Zero. this crisis could escalate and bring the end of the world with it. Lets see 😁

I believe the worst is already behind us, but I maybe wrong..

Very wrong James.

We're heading for a crack up boom: https://mises.org/daily/4016

The US lifestyle just isn't sustainable. Jim Rogers was saying on BBC the other day no matter how much money you have it won't be able to buy you food, in the next few years. Not decades away, 5 years or so.

QE 1, QE 2.....

This is not new territory. I say again, in the 70's gold was $800 and ounce, the adjusted equivalent today is $3000 an ounce. We haven't even begun mate....

Interesting article.

So why haven't the bubble burst yet? Is it because the US government are trying very hard to damage control the situation?

They don't even know what's coming. New generation. Just haven't had nothing to eat. That's why we have companies with patented seeds (read food supply) and water is privately owned.

I mean when is this deb ceiling raising event? On debt that there is no hope of repaying? US will default. Question is when and how....

US government is running a Ponzi. It will fold, soon as no one buys the debt. And I think you can start counting China out.

Let me see if I can find that interview for you.....