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The Circle of Strife [Political Cartoon]

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  • cashman57, on 06/17/2008, -4/+11Absolutely right. And at the center of it all is the federal reserve and our government's refusal to issue lawful money.
    • kemp34, on 06/18/2008, -0/+3Did anyone see the FDIC ads in the WSJ and NYT that showed a $100,000 GOLD NOTE? This was blatant propaganda, number one, and number two, the U.S. debauched on gold notes a long time ago. We have fiat Federal Reserve Notes now, backed by guns, debt and force ONLY. I was pretty pissed to see such ignorant taxpayer funded propaganda.
      • cashman57, on 06/18/2008, -1/+2Well you should be. I have a few gold notes and silver certificates which plainly stste that they can be cashed for "lawful money".
        Will it take another great depression before Americans realize they have been swindled?
  • WESTEE, on 06/17/2008, -3/+4http://www.youtube.com/watch?v=_dmPchuXIXQ

    You'll ***** bricks
    • CptBuck, on 06/18/2008, -3/+2Having Number One from BSG espouse conspiracy theories about the Fed will not make neither make me ***** nor form that ***** into bricks.
      • cashman57, on 06/18/2008, -2/+3Conspiracy theories are not what this is about. The facts were presented and the fact you didn't view the video is obvious by your reply.
    • borez, on 06/18/2008, -1/+2***** bricks... no ***** ***** mate!!!

      I'm only 20mins into this documentary and I'm actually sitting here with my jaw on the floor. I actually can't think of enough adjectives to describe what I'm watching... so I'm just going to shut up and watch the rest.

      I suggest you do to.

      *****!!!
  • db0255, on 06/17/2008, -0/+3Can we get Elton John to sing the soundtrack??
  • Paktu, on 06/17/2008, -0/+2Inflation going up does not cause interest rates to go up. In fact, when the Federal Reserve raises interest rates, it actually slows inflation by reducing economic growth and reducing the cost of holding money.
    • CptBuck, on 06/18/2008, -0/+3You have the cause and effect mixed up. The fed raises interest rates in response to rising inflation, which in turn slows the economy.
    • kemp34, on 06/18/2008, -0/+2Wrong. Rising price inflation is one key aspect in rising interest rates. Investors feel they must be compensated for the risk to their principal in the loan.
  • CptBuck, on 06/18/2008, -0/+1Of course the "weakness" of the dollar is not necessarily a bad thing. China has kept the value of the yuan artificially low for years as a means of boosting exports and the U.S. is starting to see a similar effect, the trade deficit is shrinking somewhat (or growing less rapidly at least). Inflation is the real danger and, perhaps more importantly, how the fed responds to it. 1970's style stagflation or a 1929 style contraction of the monetary supply being two opposite sides of the recession coin. We obviously have not quite reached either of those points yet, as inflation isn't out of control. But its still a possibility.
    • kemp34, on 06/18/2008, -0/+2I bet we see both continued rises in critical input prices and continued declines in numerous asset values. Simply put, this is a situation that is pretty much terrible for everybody. It is the result of poorly mismanaged policy based on Keynesian and monetarist policy over roughly 75 years. Keynes said "In the long run we are all dead" in order to justify his theory. Well, we are rapidly approaching that long run and it ain't looking pretty.
  • MCA2142, on 06/18/2008, -1/+1How about this circle:

    1. The FED lends the U.S. our money(USD) at an interest
    2. In order to pay the interest, the U.S. borrows more notes from FED... At an interest.
    3. In order to pay the interest on the money U.S. borrowed to pay the interest on the money borrowed, U.S. borrows more money.
    4. gotoAndPlay (2);

  • aksn1p3r, on 06/18/2008, -1/+1Dugg yours! #101

    Everyone look at this, we get ripped off by ISP whereas we could've bought a house or paid our debts off!

    Digg it!

    http://digg.com/tech_news/Telkom_Charges_for_Local ...
    The MOST EXPENSIVE ISP IN THE WORLD! And I might've got PWND by them!
  •  

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