poly: not on TV and not at school

http://www.goldbug.net

The above is a concise, fairly correct economics lesson
and partial rundown on the current financial
disaster-in-the making.

 I urge you all to educate yourselves post haste in these
matters. Events are moving quickly now. It appears the
bond market is entering a liquidity crises, for example.
Gold may be preparing for its moonshot, the dollar is looking
extremely shaky- as in hyperinflation.

Do not expect to find useful guidance from the
lying media and government sources or the bought-and-paid-for
economics departments at every major university.

They are corrupt beyond belief.

a couple excerpts:

Robert H. Hemphill, former credit manager, Federal Reserve Bank
of Atlanta:
"Money is the most important subject intellectual persons
can investigate and reflect upon. It is so important that our
present civilization may collapse unless it is widely understood
and its defects remedied very soon."

 "it is important that people understand that the economic downturn
is not caused by greedy businessmen or evil foreigners, but by our
government's corruption of the money supply. We have seen how it
is the nature of the Federal Reserve to create easy credit. The
consequences of easy credit are distortions in the economy.
It misleads businessmen to expand when there is no market for their
goods. It causes stock speculation to drive the market to unrealistic
heights. Finally, as these distortions drive out real savings it causes
recessions and depressions."

=========

BANK FOR INTERNATIONAL SETTLEMENTS Annual Repeort synopsis
June 5, 2000
http://www.bis.org/press/index.htm

"There remains considerable uncertainty as to whether the global economy
is at the beginning of a long boom, driven by technology and
deregulation, or whether it is significantly exposed to the possibility
of a downturn through which long-standing macroeconomic imbalances will
eventually be resolved. There is also an unusual degree of uncertainty
about how financial markets, which have been evolving rapidly, might
react to possibly adverse macroeconomic shocks."

A rather strong statement from the BIS.
========

Daniel Webster:
 "Of all the contrivances for cheating the laboring classes of
mankind, none has been more effective than that which deludes them with
paper money."

Also lots of good material at:
http://www.prudentbear.com/

There are two main schools of economics- the lying, thieving school
of corruption and debauchery known as Monetarism (with various
strains such as Keynesism, supply-side, etc.) that emphasizes
printing up extra 'money' whenever the ruling class feels like
going on a shopping spree, or to 'fund' other hare-brained
Communist/Fascist/Socialist schemes such as Social Security
or public education;

and what's come to be called the Austrian School, such as:
http://www.mises.org/

And, yes, tech is real cool, lotsa stuff going on, but what
difference will that make to you if you end up in a labor camp?

Have a lovely day,

Forrest

-- 
Forrest Bishop
Manager,
Interworld Productions, LLC
Chairman,
Institute of Atomic-Scale Engineering
http://www.speakeasy.org/~forrestb