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Written by Administrator
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Monday, 03 March 2008 |
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"Sooner or later, credit expansion, through the creation of
additional fiduciary, must come to a standstill. Even if the banks wanted to,
they could not carry on this policy indefinitely, not even if they were being
forced to do so by the strongest pressure from outside. The continuing increase
in the quantity of fiduciary media leads to continual price increases.
"Inflation can continue only so long as the opinion persists
that it will stop in the foreseeable future. However, once the conviction gains
a foothold that the inflation will not come to a halt, then a panic breaks out.
In evaluating money and commodities, the public takes anticipated price
increases into account in advance.
"As a consequence, prices race erratically upward out of all
bounds. People turn away from using money which is comprised by the increase in
fiduciary media. They 'flee' to foreign money, metal bars, 'real values,' barter.
In short, the currency breaks down." Ludwig Heinrich
Edler von Mises
We have the alternative!!! Real, living tree backed up
eco money.
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Written by Administrator
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Tuesday, 25 December 2007 |
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So what are you going to do
about it ?
The truth is,there is something terribly wrong
with this world,isn't there ?
Cruelty and injustice,intolerance,oppression,poverty and financial crises.
There's an old saying that borrower is slave to the lender.
In simple terms the new money comes into circulation through the banking system,
issued as a debt to the banking system.
Consequences :
- Eternal war economy,
- False education,
- Inflation and other taxes,
- Hard dependency,
- Little free time.
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