moonbat1775

Have Investors Reached the Point of Maximum Pessimism?

"Joe sixpack robs the financial sector of $480 billion in taxes every year and spends them on his middle class entitlement boondoggles." JasonC,

Glad you mentioned that. What came first, the Great Depression or huge social spending programs?

Fractional reserve banking, particularly when it is backed up by the government is a cheat. Not only that, it is unstable. Not only that, it produces mal-investments. Not only that, it causes and finances wars.

Who would guess that a banking system built on fraud and theft via inflation would cause such misery? Ludvig von Mises for one. He and F.A. Hayek predicted the Great Depression.