11 July 2007

The Crack up boom!

Safe Haven | TedBits: "he Crack Up Boom series is exploring the unfolding 'Indirect Exchange' (as detailed by Ludvig Von Mises), that dollar holders will be using to exit their holdings now and eventually is will be followed by all holders of fiat currency holdings no matter which country is perpetrating the 'crime' of confiscation of wealth through the printing and credit creation process that all such monetary schemes evolve into. The 'Crack Up Boom' will drive an inflationary global expansion to inconceivable heights over the coming years. Asset prices will skyrocket as people do what they always do when threatened they will modify their behavior and do the things necessary for 'SELF PRESERVATION' of their families, countries, economies and their wealth. Let's take a look at Von Mises's description of the CRACK UP BOOM once again:

This first stage of the inflationary process may last for many years. While it lasts, the prices of many goods and services are not yet adjusted to the altered money relation. There are still people in the country who have not yet become aware of the fact that they are confronted with a price revolution which will finally result in a considerable rise of all prices, although the extent of this rise will not be the same in the various commodities and services. These people still believe that prices one day will drop. Waiting for this day, they restrict the"

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