Monday, March 3, 2008

Stagflation - It's back...

I don't mean to say that the sky is falling, but I think a reasonable person should take note of the fact that the supply of money is increasing at approximately 18% per year as the economy is slowing.

Our government (both State and Federal) is out to lunch and spending with wanton disregard. There is no will to cut spending; rather they want to raise more taxes and spend even more.

The Federal reserve is printing new money to further debase our fiat currency. The FED chairman believes the value of the currency is the Treasuries responsibility.

To me this sounds grim. Here is a link to a brief interview with Ron Paul about the current state of affairs. So watch the video and then tell me why I'm over-reacting. Please!

House of Cards video
Bonus Video: Brings mixed urges to laugh and cry. Watch the video

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