"I CAN'T DENY THE POSSIBILITY THAT THE WHOLE SYSTEM MIGHT COLLAPSE." -Alan G

verfasst von CRASH_GURU, 17.03.2004, 08:09

-->"I CAN'T DENY THE POSSIBILITY THAT THE WHOLE SYSTEM MIGHT COLLAPSE." -Alan Greenspan speaking in Berlin Jan 13, 2004

"Give me control of a nation's money and I care not who makes her laws" -
Meyer Rothschild


BUILD A SUCCESSFUL ECONOMY BASED ON SERVICES AND CONSUMPTION, EVERYONE WOULD HAVE ALREADY DONE THAT AND WE WOULD HAVE PEOPLE IN ARGENTINA DRIVING NEW SUV'S AND GETTING FOOT MASSAGES AND MANICURES RATHER THAN DIGGING THROUGH DUMPSTERS TO FIND FOOD when their currency collapsed. THE NOTION THAT YOUR ECONOMY CAN BE SUCCESSFUL NOT BY MAKING THINGS THE REST OF THE WORLD WANTS, BUT BY BUYING ON CREDIT, SHAKING MONEY BACK AND FORTH, AND CONSUMING IS AN INSULT TO MY INTELLIGENCE and it would be an insult to the intelligence of the US congress when they hear Greenspan say that...if they had any intelligence...but that's another essay.

1.) every fiat currency ever invented eventually failed...when it did you had hyperinflation

2.) the Financial Engineers have a very convenient way of preventing deflation...it's called a fiat printing press. The prospect of a deflationary collapse will be met with printing presses running 3 shifts...If they print enough money to ward off deflation, the US dollar will become worthless. Worthless money equals hyperinflation. When the world's only superpower and owner of the worlds reserve currency faces hyperinflation, the global financial system is at risk.


<ul> ~ http://www.harriscapitalmanagement.com/</ul>

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gesamter Thread:

• "I CAN'T DENY THE POSSIBILITY THAT THE WHOLE SYSTEM MIGHT COLLAPSE." -Alan G - CRASH_GURU, 17.03.2004, 08:09
  • Beleg? - fridolin, 17.03.2004, 08:20
    • Re: Beleg? - CRASH_GURU, 17.03.2004, 08:50
    • Re: Beleg? - Per_Jakobsson, 17.03.2004, 13:00
      • Re: Beleg? - CRASH_GURU, 17.03.2004, 15:34