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Old April 17th, 2013 #45
littlefieldjohn
Senior Member
 
Join Date: May 2009
Posts: 8,105
Default "If This Continues the Currencies Will Literally Collapse"

Quote:
I don’t recall any point in history where debt monetization has ever ended well for the currency of that particular nation. In fact, it has always led to the collapse of currencies.

But what we are seeing right now is the price of commodities continues to fall in spite of massive money printing, and it has central planners concerned because their tools are becoming less and less effective.

In a debt based economy, if you don’t have a constant increase in borrowing, and if you don’t have a constant increase in the amount of debt that consumers are willing to take on, then the economy contracts. That’s what we are dealing with here.
http://kingworldnews.com/kingworldne..._Collapse.html