I think the central banks have a 2-3 % inflation target, but that they look at that as a maximum and don't think about it as a minimum, since the tendency is to have too great a money supply. They are trying to keep asset prices from collapsing, and it seems to be working, but they are not targetting a particular inflation rate. Their instrument of control doesn't work well with deflation. Untill they offer negative interest rates, all they are really doing is removing inflation controls.
Get ready for empty shelves, huge unemployment, and worthless money. And civil unrest, to say the least. The spics and niggers in the US will run wild when they realize there isn't enough law and order to stop them. They will revert to their typical lawless, uncivil societies.
Bottom line: the US isn't good for it's debt, the US gov has already defaulted by continually raising the payout for Social Security from 62 to 65 and 68, 70...whatever. The dollar represents the good faith and credit of the US government, LOL. It's worthless paper, as soon as people figure this out. I've bought 2 years of rice, dried beans, razors, shaving cream, aftershave, toothpaste, soap, shampoo, conditioner, detergent, oil, oil filters, air filters, bullets, gold, silver, etc..
Austrian Economics represents the organizing power of the price mechanism. So it emphasizes laissez faire theory. The name comes from the early Austrian economists that began that idea, starting with Ludwig von Mises and Henry Hazlett. Henry's first book is an easy read, and it might be on the web. Economics in One Lesson.. Very interesting short read.
the concept of austrian economics, does it not refer to pegging currency to the quantity of gold? if that were the case, then there would need to be a huge decline in everything, especially population. is it something that can be sustained at all? the gold standard that is?
I think the central banks have a 2-3 % inflation target, but that they look at that as a maximum and don't think about it as a minimum, since the tendency is to have too great a money supply. They are trying to keep asset prices from collapsing, and it seems to be working, but they are not targetting a particular inflation rate. Their instrument of control doesn't work well with deflation. Untill they offer negative interest rates, all they are really doing is removing inflation controls.
the2012report 2 years ago
Get ready for empty shelves, huge unemployment, and worthless money. And civil unrest, to say the least. The spics and niggers in the US will run wild when they realize there isn't enough law and order to stop them. They will revert to their typical lawless, uncivil societies.
johnnyharpe 2 years ago
Bottom line: the US isn't good for it's debt, the US gov has already defaulted by continually raising the payout for Social Security from 62 to 65 and 68, 70...whatever. The dollar represents the good faith and credit of the US government, LOL. It's worthless paper, as soon as people figure this out. I've bought 2 years of rice, dried beans, razors, shaving cream, aftershave, toothpaste, soap, shampoo, conditioner, detergent, oil, oil filters, air filters, bullets, gold, silver, etc..
johnnyharpe 2 years ago
The down turn he's talking about is called obamageddon 2012 here in America.
KenMacMillan 2 years ago
God Hans...you're looking gorgeous. Thanx for sharing the info.
LemuriaInTheSea 2 years ago
Thanks for the video hans may we wake the people up.
bukakkesake 2 years ago
Cliff in Sioux City, Iowa here.
Question: What nations of the world do not have central banks?
treadwayca 2 years ago
Good video Hans! Much prefer your videos outdoors.
carysofmaui 2 years ago
Austrian Economics represents the organizing power of the price mechanism. So it emphasizes laissez faire theory. The name comes from the early Austrian economists that began that idea, starting with Ludwig von Mises and Henry Hazlett. Henry's first book is an easy read, and it might be on the web. Economics in One Lesson.. Very interesting short read.
eddems 2 years ago
the concept of austrian economics, does it not refer to pegging currency to the quantity of gold? if that were the case, then there would need to be a huge decline in everything, especially population. is it something that can be sustained at all? the gold standard that is?
cheomire 2 years ago