comments

With the G-7 summit meeting it is always a good idea to pay attention to the markets,especially currencies,Why? It gives us a clue to future developments. I.E. the acceptance of more Debt to
keep the Liquidity Train Rolling on.Whom took the hit? After all the only reason for the "IMF" is the "Transference of wealth" from one country to another. The Distinguished Gentlemen named Henry Hazlitt
Wrote about this in his most wonderful book "From Bretton Woods to World Inflation". (you can find the read @ mises.org-/books/ ). Another book to give insight to what's going on today is "Man Vs. The Welfare State".  http://mises.org/Literature/Author/170/Henry-Hazlitt   (Link to a lot of his works.)
  I do not believe he would have imagined  the levels the Central Bankers have taken this .

The Fact that the Central Bankers are willing to push the Inflation to higher levels by manipulation of the markets once again tells me the Banks are still in a vulnerable state.The Question to me is How much Money, Debt & Credit (mostly credit) can the World as a whole sustain? a Gazillion? There is no way that the current debt levels can ever be paid off. (my opinion) So I guess it will be forgiven or collapsed. After all that's the only way to get rid of Debt.

You would have thought that the Leaders of the World would have Learned their lessons from previous collapses (i.e. Germany 1925) but that's the way Socialist Think. IT will be different this time ,we adjusted the Reverse mathematics, only to Fool themselves at the expense of the Country's Populous once again.

The only way to stop this madness is to do what Henry Hazlitt proposed in his book,"The Inflation Crisis and How to Resolve it". http://mises.org/document/3676/The-Inflation-Crisis-and-How-To-Resolve-It

If you haven't Figured it out by now the Markets are being pushed even higher,Thanks for reading. Hillman