Money, money everywhere, worth - not a whole lot.
02/February/2009 10:12 Filed in: Web News
| Oikos
Thoughts
Money historically is the medium for the exchange
of goods and services. It could be argued that
money is the capital upon which human civilization
and culture is based. What happens when governments
decide to alter that balance? There are examples
from throughout history, pre Nazi Germany quickly
comes to mind. However, this tsunami debasement of
the basis of money has never happened before on a
global scale.
The synopsis of the wisdom of this explosion of debt around the world is, We have nothing else left to try and if this doesn’t work we are all out of ideas. Perhaps the most sagacious speech made at the recent World Economic Forum at Davos, Switzerland came from Russia’s historic free market guru Vladimir Putin. Actually, I was just kidding about Putin’s free market history, but the speech, did point to some spy type reality that no western leader had the guts to proclaim.
The St. Louis Monetary Base graph below shows the expansion of money in the United States, and comes from information that was presented last week on the Glenn Beck Show on Fox News. Accompanying the graph is Inconvenient Debt video that compares this debt expansion as more deadly in all forms than someone’s illusionary inconvenient truth.
The synopsis of the wisdom of this explosion of debt around the world is, We have nothing else left to try and if this doesn’t work we are all out of ideas. Perhaps the most sagacious speech made at the recent World Economic Forum at Davos, Switzerland came from Russia’s historic free market guru Vladimir Putin. Actually, I was just kidding about Putin’s free market history, but the speech, did point to some spy type reality that no western leader had the guts to proclaim.
The St. Louis Monetary Base graph below shows the expansion of money in the United States, and comes from information that was presented last week on the Glenn Beck Show on Fox News. Accompanying the graph is Inconvenient Debt video that compares this debt expansion as more deadly in all forms than someone’s illusionary inconvenient truth.