James Seaberg

The Big Whoosh: Is This The Beginning?

The US economy is not a free market. It is a managed market by political interventions and the dictatorial Central Bank which price-fixes certain important interest rates. Under this regime, also called fractional reserve system, debt has to be increased incessantly in order to create GDP growth. Presently, this abominable system needs five out-of-thin-air- created dollars to create one dollar of GDP growth. Such a system is systemically unsustainable and will, within the next few years, run into a steel-armored concrete wall and self-destruct. All this chatter of my cobloggers is for naught, if we don’t talk first about the fundamental causes for the problems of the US economy.

I have seen Herb a few times on CNBC. I can hardly believe that he doesn’t know. Many at CNBC know but I can see it in their faces that they are not allowed to talk about the secret. Our problem is etatism, socialism, interventionism, the central bank and the fraudulent fractional banking system. Our solution would be genuine unhampered markets. We will have it in 100 to 200 years after 90% of mankind has been wiped out. It’s a slow learning process and mankind needs many catastrophes not to fall anymore for the glib fast-talkers of officialdom. I wish everybody lots of good luck .You will need it in order to survive.