Bob Chapman - must read!

Zarathustra · 09-15-2008, 02:30 PM

http://www.theinternationalforecaste...d_Moral_Hazard

"By the pricking of my thumbs, something wicked this way comes." This line from Shakespeare's play, "Macbeth," comes to mind when we consider the future of America as we watch our government continue to take on debt after debt after inane debt, heaping more and more responsibility for the financial obtuseness of its privileged elite on its hapless peon taxpayers, profligately spending, borrowing, bailing out and inflating us into some sort of nightmarish, moral hazard oblivion. Welcome to our new Banana Republic, a country that is now characterized by nonstop hyperinflation, bailouts and moral hazard - and which will soon decline into another Great Depression. The nationalization of Fannie and Freddie has set us on a path from which there can be no return, carving out for us a much wider and deeper swath of financial death and destruction of a magnitude never dreamed of by even the most pessimistic among us.

09-15-2008, 02:30 PM	#1
Zarathustra Avalon Senior Member Join Date: Sep 2008 Location: Eastern U.S. Posts: 429	Bob Chapman - must read! http://www.theinternationalforecaste...d_Moral_Hazard "By the pricking of my thumbs, something wicked this way comes." This line from Shakespeare's play, "Macbeth," comes to mind when we consider the future of America as we watch our government continue to take on debt after debt after inane debt, heaping more and more responsibility for the financial obtuseness of its privileged elite on its hapless peon taxpayers, profligately spending, borrowing, bailing out and inflating us into some sort of nightmarish, moral hazard oblivion. Welcome to our new Banana Republic, a country that is now characterized by nonstop hyperinflation, bailouts and moral hazard - and which will soon decline into another Great Depression. The nationalization of Fannie and Freddie has set us on a path from which there can be no return, carving out for us a much wider and deeper swath of financial death and destruction of a magnitude never dreamed of by even the most pessimistic among us.