The new spin is that the recession will be short, but the recovery will not be because “Father Fed” is going to deal with inflation for our own good. Kind of like the pedophile who insists he tenderly cares for his children and no one around him can say a thing for fear that their children will be next.
Translated this means that corporate and bank profits will dip for a few quarters but people and municipalities — anyone who has not created their own currency will get creamed permanently.
And so the slow burn simmers on….
You strongly imply that to escape “getting creamed permanently” one needs to create one’s own currency. But how does one do that? I know a little on the subject, but not really how to take step one. Can you point to some sources as to how to take action now that the Tower of Babel ($$) seems to be quaking? Thanks. Tom White