Somebody won’t be able to sit down in a chair when the music stops because there isn’t enough money in circulation to cover for the interest payments.

Very noteworthy. For shear clarity, these three articles are hard to beat......

The following article is from marketwatch. The mere fact that the most mainstream sources are now talking of things that 6 months ago was only spoken by those wacky nut jobs on the internet, is eyebrow raising. People are starting to look at the central bank with a much more critical eye.

The Fed goes to Defcon 1
Commentary: A promise to do everything it must to avert a depression
With the economy teetering on the edge of a prolonged slump, the central bank's policy-making Federal Open Market Committee slashed interest rates on Tuesday to near zero, and vowed to use "all available tools" to keep the economy from collapsing into a depression……

…Now that traditional monetary policy as we know it has been exhausted, the Fed will take ever-more creative steps to boost growth. In simple terms, the Fed will flood the financial system and economy with as much money as it has to….

….Critics will say Helicopter Ben has taken off and is now prepared to drop billions of dollars across the landscape, destroying the economy with a hyperinflationary spiral. But cooler heads will counter: What choice does he have?


This is from Lew Rockwell....He makes a serious attempt to explain what we could be doing. Rather than the Fed sticking his finger sall over everything....Seriously, when someone says well what can we do? this is a place you could start....but there is too much money and power at stake to allow any of this to take place.

The Answers Are Out There
by Bill Sardi

….The idea that banks can just make money out of thin air by multiplying its cash reserves by 10-fold, to create more money to loan, is sheer folly. When a bank loans out $100,000 based on $10,000 of reserves, it created $90,000 of new money. But it didn’t put new money into circulation to cover for the cost of the interest payments. Eventually, a society using this type of banking system is playing musical chairs. Somebody won’t be able to sit down in a chair when the music stops because there isn’t enough money in circulation to cover for the interest payments. That is what is happening now…..

…The US is locked in a war between those who demand clean energy vs affordable energy….

….Once people enter the clutches of the health care system, the search for disease begins with mammograms, colonoscopies, stool tests, blood tests, CT scans, and the like, but no routine testing is performed for vitamin C, vitamin D, folic acid, vitamin B12, red-cell magnesium, or essential oils. Instead, drugs are prescribed that actually induce nutritional deficiencies, ensuring more chronic disease….

This is from Gary, about leaving a legacy. But what I highlighted here is for this last paragraph on what the government always does as part of its distorting of the economy....

Do Not Go Quietly
Gary North

….Economists like to speak of the vast array of tax-funded institutions and projects such as highways as "social overhead capital." They love to focus on the supposed productivity of social overhead capital. Yet they are well aware of boondoggles. Boondoggles are sold to voters as social overhead capital.

What is really significant as social overhead capital is the religious and legal framework of society, which is established by custom. But economists and historians ignore this, because its effects are so widespread and filled with noise. No one invented custom. Rarely can a custom even be dated, other than a few holidays. The integration of customs was not designed by anyone who gets into the history books.

In a free society, each of us has an opportunity to make a breakthrough that leaves a legacy. This can be for good or evil. But the great thing about custom is that good developments tend to get imitated, while bad ones get quarantined -- mostly by custom.

The worst customs that evade the quarantine process are likely to have the backing of the civil government. The government thwarts the system of positive and negative feedback that custom supplies and the free market institutionalizes through accounting: profit and loss. Government taxes the successful to subsidize the unsuccessful. …