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It Is Coming To An End

September 28, 2008

Over the past few months, and especially weeks we have seen the unraveling of a huge dollar bubble. There is only one problem, this is only the beginning. This week they want 700billion, that will save them for a week or so. After that they will want a trillion and it will grow exponentially. We can not hold up this economy with expanding credit and buying debt.

For many years, interest rates were kept artificially low by the Federal Reserve. These artificially low interest rates made investors make many bad investments  and discouraged saving.  The collapse of the mortgage companies was in many ways as a result of these low interest rates. Perhaps if the rates were not artificially low, people would have saved more, not over-invested, and this problem may not have been so bad.

In order to fix the problem, you must let the bad investments, and loans fail. To start over, and to move on. These politicians are doing the opposite. They are prolonging the recession, propping up bad debt, creating massive inflation, and allowing the Federal Reserve to continue it’s illegal process.

Things are going to get bad. Everybody must realize the root problem, and make sure that this never happens again. You can not have a paper money system with a Federal Reserve who just prints to regulate interest rates and inflation. Gold and silver are the answer. You can not print gold, distort it prices and cause bubbles like the one we have now that is just beginning to burst.

This 700billion is just a quick fix. It will last for a short time. Our real problems lay ahead.

In Liberty,

Jon Lauro

One Comment leave one →
  1. September 29, 2008 10:56 AM

    The Federal Reserve is really the culprit behind this entire catastrophe. As you said, they kept the interest rates low, then as things inflate and foreclosures happen in abundance across the country, fingers are pointed at unwise consumers. It’s frightening to think where things are going to go in the next while.

    You may enjoy an independent financial magazine I subscribe to called Monetary Intelligence Magazine, They give it to you straight.

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