UK economy still up a creek, BoE's fake recovery (11Nov09)
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Counterfeiting Currency will ensure a depression that might last 30 years many times worst than 1929.
Every time the gold price goes up just reflects this reality.
Right now interest rates should be 20% plus to protect the value of fiat currency.
USA -1964 - all silver taken out of coins - unconstitutional
USA - 1971 - no gold backing for world reserve currency - ridiculous
Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.
Carroll Quigley
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debt is recovery... It's the same everywhere, just keep lying, keep telling everything is okay.. While the system is filled with (toxic) derivates which exceed the value of our REAL economy..
Here in the Netherlands we are also seeing a "Job-loss Recovery"
enslavetherich 2 years ago 10
Everyone is seeing a 'jobless recovery'. The media trumpet it in unison. The idea that we will EVER get back to where we were before is sheer delusion. Those jobs are gone, the good jobs at least, because manufacturing left with them, & they're not coming back.
What we are seeing in western nations, is the U.N. & Bilderberg inspired redistribution of wealth, to the east.
We in the west have effectively been robbed, but it's going to get much worse. Carbon credit taxes are coming for Christmas.
TheSharpenedPen 2 years ago 4