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326

Its almost as if the US government was doing it on purpose.

Its almost as if the US government was doing it on purpose.

(post is archived)

[–] 0 pt

What a great quote:

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

and the gov't is too proud/corrupt/etc. to do the formal, so it's all but guaranteed that the latter has to happen: it's just math now.