Debt and Delusion

Saw this excellent article today in the Stock Market Watch thread in LBN.

http://mises.org/fullstory.aspx?control=1579

A few snippets...

"Since the last serious outbreak of inflation in the 70s, central banks have conquered this pestilence and have practiced a responsible stewardship over national monetary systems ever since. Due in no small part to the benign inflationary environment that has followed their victory, stocks and bonds have outperformed historical averages. This reflects a high degree of confidence in future monetary stability and prosperity.

Or so we are constantly told."...

"Central bankers offered a program to solve this dilemma, the centerpiece of which was a change in the method of financing government debt...A second part of the central bankers’ program was to reign in government deficits so as to reduce the need for borrowing. This advice has been mostly ignored."

and

..."This anomaly has not attracted much attention or investigation. Instead, most analysts now find this state of affairs to be utterly normal. An alleged quote attributed to Vice President Dick Cheney that "deficits don’t matter" perfectly summarizes the prevailing attitude.<8> Notes Warburton, "the incongruity of the massive accumulation of government and corporate debt with a low inflation environment no longer provokes much curiosity, even among professionals."<9>; and, "a stratospheric stock market has become accepted as the normal state of affairs, requiring no special explanation."<10>"

might have had a point..

If we had a gold-backed currency, this insane spending and inflation would be impossible.

The central banks with their floating exchange rates are bankrupting the world as we speak. See if you can find out about the MASS demonstrations happening in Germany now in protest of the central bank imposed radical cuts in social programs to benefit he banks at the expense of the people. These measures are the same as those used in Germany after WWI and lead to Hitler's rise. Watch for them to TRY to pull the same stuff on us in the US. We must vote Kerry in and remove the cancer the NeoCon's have infected our government with.
If we fail to act now we are taking the first step on the slippery slope leading to financial ruin and fascism. This fight has been going on for centuries and now is the critical time. Never before have they been this close to enslaving the USA and by extension the whole world.