Ending the Monetary Fiasco and Returning to Sound Money | Thorsten Polleit
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All Comments (26)
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Must admit I dont understand how the credit volume can exceed savings and how that contribute to business cycles...
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The fiat monetary system was so cute and fluffy when it was pup, but now it has grown to be a firebreathing monster, and i'm afraid it will kill me if i turn my back to it.... kind of like America HA HA!..
Please don't hate, it's a JOKE!
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You have to admire someone who is eloquent in a language that is not native.
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@CaGgP Exactly - I mean, what better proof could be offered?
I was watching a video and someone asked Ron Paul how it was that he predicted the housing bubble a whole five years before it happened, he just smiled.
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Is this Austrian Economics? Peace!
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wär echt cool wenn jemand mich vor meinen einsamen dasein retten würde
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Short message is this: Society can not sustain exchanging nothing (fiat currency in all its forms) for something indefinitely. After bigger and bigger bubbles comes inevitable crash, revolutions and wars which can either improve situation and reset free markets or make it worse and bring totalitarianism. Without getting rid off banking cartel and reseting gold standard asap, history will repeat itself.
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im german and i guarantee you: they dont.
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the most amazing thing is that Mises describes in a sinthetic way the housing and stock bubbles, more than 60 years before they had happened.
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Excellent presentation .. thankyou.
Let's hope the current German Govt. understands the "Austrian" language !
;-)
"Our government fiat money violates our private property rights"
Great line!
Jaycephus01 2 years ago 14
I want the right to CHOOSE my money and I prefer GOLD!
A compulsory international fiat-money-standard is gran theft to the public.
Let Gold and Silver freely compete with Euro, Dollar, Yen etc.
Bavaria4RonPaul
Macno76 2 years ago 14