The illusory Marxian Dialectic is NOT between the Working class (labor) and the Capitalist class (owners of production).
Sheer quackery, that.
BUT it IS between the Spenders (net consumers) and the Savers (net producers).
The FED has chosen sides between Debt Assets and Hard Assets.
- They are mass-producing FRN's (Dollars, a.k.a. paper IOU's from 'broke' spendthrifts to maybe, someday, pay you back with.....?), clearly backing the Spenders (debtors) and creating illusory access to wealth [read: access to credit=access to more debt, not more wealth].
I'm betting that precious metals (gold, silver) will outrun the 'haircut' which is coming to any Savers of FRN's. It's NOT so much that the value of precious metals (and other hard asset commodities) is going up...but the value of the FRN's (Dollars) they are denominated in has been going down. [read: depreciating currency]
- An item that cost $20 in 1970 would cost $115.93 today.
- An item that cost $20 in 1913 would cost $454.36 today.
- Gold closed on the COMEX 5/13 at $1495.50 (one year ago that day it was $1229.70).
- Silver closed on the COMEX 5/13 at $35.09 (one year ago that day it was $19.48).
While the Fed and their enablers blather-on with their modern-day monetary and fiscal dialectic gibberish, it is an elaborate theory and construct that is quite false and misleading.......just like the phoney-baloney Marx-Engels Communist theory of Dialectic Materialism.
- Keynesian economists OR Marxist Communists, both are talking out of their asses.......and someone else always gets to pay the bill when it comes due.
Guess who?
Sunday, 15 May 2011
Dialectic materialism and the FED...........from Rico
From Theo Spark at 08:42
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