Sunday, June 10, 2012

Marc Faber - The End of the Capitalistic System?

Federal Reserve Interest Rates - Marc Faber - The End of the Capitalistic System?.
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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . For the latest Marc Faber, go to MarcFaberBlog.com - The fiscal deficit is growing very rapidly. The deficit is currently about 2 trillion dollars. Next year, it will most likely be around 2.5 trillion dollars, so the government debt grows continuously. The Federal Reserve kept interest rates artificially low from 2001-2008. When the economy starts recovering, the Federal Reserve won't increase the interest rate fast enough. This is because by this time raising the interest rates will make interest payments on the debt too high. Because of this, they will most likely pursue an inflationary policy. If you read what Mr. Bernanke has said and what academics like Krugman have written, then you get the impression that everyone wants more inflation. A family of 4 is in a very difficult position because of education costs and health care costs. In America, we have to distinguish between the top 5% of income earners and the rest of the population. The rest of the population is no better off than they were 15 or 20 years ago. Since the crisis, nothing has been solved or improved. In fact, they have only made the system more vulnerable. Mr. Krugman wants to create another bubble. They want to create prosperity out of bubbles. But look what happened from the last bubble. It caused a tremendous amount of damage. The total collapse is ahead of us. It will lead to the end of the capitalistic system as we know it. Typically when a system collapses, the governments go to war as a ...
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