Read on Twitter
Tens of millions of Americans are now actively speculating on ever-rising stock prices. In a system skewed for the “haves” and against the “have-nots,” we’re forced to participate in a speculative Bubble for fear of being the chumps left behind.
-- Doug Noland https://twitter.com/goldseek/status/1231307659481174016
-- Doug Noland https://twitter.com/goldseek/status/1231307659481174016
"The thought of the anger, animosity and vengeance that will be unleashed when the Bubble bursts is deeply troubling. The backlash will be momentous.
Capitalism will be in jeopardy."
Capitalism will be in jeopardy."
"It remains a challenge to communicate the deleterious effects of inflationism and unsound money.
We’re in a period of monetary hyperinflation, yet there are no wheelbarrows or spiraling prices for bread and foodstuffs.
Savings of lifetimes have not been wiped out."
We’re in a period of monetary hyperinflation, yet there are no wheelbarrows or spiraling prices for bread and foodstuffs.
Savings of lifetimes have not been wiped out."
"I’m a strong proponent of Capitalism. I believe in free markets.
But Capitalism and markets will not function effectively in a period of unsound money.
Indeed, unchecked “money” and Credit and an inflating “financial sphere” are anathema to Capitalistic systems."
But Capitalism and markets will not function effectively in a period of unsound money.
Indeed, unchecked “money” and Credit and an inflating “financial sphere” are anathema to Capitalistic systems."
"Not surprisingly, the damage wrought by monetary inflation also grows exponentially.
Inequality, the securities market Bubble and stock market mania, social strife and political instability.
At this point, the “economic sphere” is but a sideshow."
Inequality, the securities market Bubble and stock market mania, social strife and political instability.
At this point, the “economic sphere” is but a sideshow."
Another great read, this week even more superb.
http://creditbubblebulletin.blogspot.com/2021/02/weekly-commentary-thats-on-them.html
http://creditbubblebulletin.blogspot.com/2021/02/weekly-commentary-thats-on-them.html
