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Stagflation is Here

By Prof. Rodrigue Tremblay | Global Research
    War—after all, what is it that the people get? Why—widows, taxes, wooden legs and debt.

    -- Samuel B. Pettengill

    "Armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few.

    -- James Madison, 4th U.S. President (April 20, 1795)

    "Let me issue and control a nation's currency and I care not who makes its laws".

    -- Nathan Rothschild, 1791

Last summer, I observed that there was a "solvency crisis" underneath the ongoing subprime mortgage liquidity squeeze. Central banks can alleviate a "liquidity crisis", but they cannot solve a solvency crisis.

Last year also, before the events, I warned that the U.S. was heading toward stagflation.

This was due to three fundamental factors.

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Posted by Me on Sunday, February 03, 2008 at 2/03/2008 10:09:00 pm |

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