“The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy – all the capital misallocation, all the malinvestment – and prevent the market’s attempt to re-establish rational pricing of houses and other assets.” – Congressman Ron Paul, My Answer to The President. (See also the short video clip of Ron Paul’s address before congress on corporatism and the destruction of the dollar.)
Jim’s Quote of the Day:
- Ad Barter and Sell at Simcour Trading PostA new site for individuals to barter and sell items of interest to other like-minded individuals
- Ad Seed for SecurityOur Colossal Survival Pack is now on sale for 25% off. This pack contains over 5 pounds of non-GMO, open-pollinated seeds packed for long term storage.