Boom & Bust cycles

[buster]

http://www.freerepublic.com/focus/f-news/694621/posts

Decent. Nothing new here, but very relevant as always.

Quote:
Boom-bust cycles, however, are not caused by the market economy. They are the outcome of central authorities’ interventionary monetary policies. The monetary theory of boost-bust cycles as developed by Ludwig von Mises provides an accurate explanation of the boom-bust cycle phenomenon. It is about activities that sprang up on the back of loose monetary policies of the central bank.

 

[jsharp]

"What loose monetary and fiscal policies do is divert real funding from wealth generators to wealth consumers. Consequently, neither loose monetary nor loose fiscal policy can lift an economy if the wealth, capital, and savings are not there to support it. It is a myth that fiscal policy can be more effective than monetary policy in growing an economy. None of these policies can. Only an expanding capital base, based on savings and profitable investment, "grows" an economy."

 

[Drew99GT]

Wasn't the fed created to try and stop the boom/bust cycle?

 

[msparks]

Originally Posted By: Drew99GT
Wasn't the fed created to try and stop the boom/bust cycle?

Wasn't' the fed created to give the Fed Share holders more wealth than anyone can imagine?


"Permit me to issue and control the money of a nation and I care not who makes the laws" --Mayer Anselm Rothschild, Banker

But who really owns what? Here are the top controllers of the federal Reserve Bank:

1. Rothchild banks of London and Berlin

2. Lazard Brothers banks of Paris

3. Israel Moses Seif Banks of Italy

4. Warburg Bank of Hamburg and Amsterdam

5. lehman brothers Bank of New York

6. Kuhn, Loeb Bank of New York

7. Chase Manhatten Bank of New York, which controls all of the other 11 Federal Reserve Banks

8. Goldman Sachs Bank of New York

 

[jsharp]

Originally Posted By: Drew99GT
Wasn't the fed created to try and stop the boom/bust cycle?

They're still practicing...

 

[JHZR2]

Originally Posted By: msparks
Originally Posted By: Drew99GT
Wasn't the fed created to try and stop the boom/bust cycle?

Wasn't' the fed created to give the Fed Share holders more wealth than anyone can imagine?


"Permit me to issue and control the money of a nation and I care not who makes the laws" --Mayer Anselm Rothschild, Banker

But who really owns what? Here are the top controllers of the federal Reserve Bank:

1. Rothchild banks of London and Berlin

2. Lazard Brothers banks of Paris

3. Israel Moses Seif Banks of Italy

4. Warburg Bank of Hamburg and Amsterdam

5. lehman brothers Bank of New York

6. Kuhn, Loeb Bank of New York

7. Chase Manhatten Bank of New York, which controls all of the other 11 Federal Reserve Banks

8. Goldman Sachs Bank of New York


Excellent... the truth comes out. Start following the arrows...

 

[Steve S]

The John Birch Society has reading material on the subject.

 

[Gary Allan]

Quote:
Only an expanding capital base, based on savings and profitable investment, "grows" an economy."


...but we know that there is no such ability to save enough money to expand a capital base. We know that all profits from investments that are accumulated are the result of expanded debt.

How can this be true in any conceivable manner?

 

[jmac]

Originally Posted By: Gary Allan
Quote:
Only an expanding capital base, based on savings and profitable investment, "grows" an economy."


...but we know that there is no such ability to save enough money to expand a capital base. We know that all profits from investments that are accumulated are the result of expanded debt.

How can this be true in any conceivable manner?


Is this a rhetorical question?

I think surely you know the answer to this.

 

[Gary Allan]

That's why it's posted. Maybe I missed something in the process (entirely possible) ..but this appeared to be posted as some agreement with the statement. I see an

stamp on it ..


..so, no. It's not a rhetorical question. It should be ..but it's not.

 

[jsharp]

"Profitable investment" was also mentioned.

 

[Gary Allan]

Well, the trick we need to pull off is making consumers out of 1.XB Chinese. With that many new debtors at the base of the pyramid ..Wall St. should do well.

Now if they just give everyone a share of the booty of enslaving the 3rd world to debt..