The High Cost of Inflation by Jim Willie

The consequences of debt export has only recently revealed a highly explosive, reckless, and delicate situation whereby foreign entities have embarked on asset acquisition, typical in any master creditor demanding liquidation and seizure. We will have to stay on watch for national foreclosures (see Detroit). The entire landscape must be recognized for what it contains, money which is no longer constitutionally valid. That is right, the USDollar would be rejected as invalid before the Supreme Court if any legitimate body had the stones to challenge it. Why bother? Because the fallout and disastrous path we find ourselves on is a direct result. In physics, we acknowledge that every action invites an equal and opposite reaction. Tainted money and heavy reliance upon inflation invite erosion and degradation of the entire economy and financial system. That is the reaction.

posted by SARTRE @ 3/29/2006 12:00:00 PM