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About Pop!: Why Bubbles Are Great For The Economy
Bubbles are anything BUT naturally occurring in and of themselves. They are a natural result of unnatural tampering and manipulation by the Federal Reserve, printing obscene amounts of money to keep interest rates low, which in terms spurs an unmanageable amount of bad investment, which leads to bubbles. If you had a price to borrowing money, people would be FAR smarter about it, as the risk counters the blind greed aspect of human nature, and would not result in housing bubbles as millions of people take on mortgages they can't afford, or the NASDAQ bubble where people are investing billions into something they know nothing about or without a tangible value. Bubbles ALWAYS pop and the only people who make money on them are the golden parachute club CEOs that get out with their shirts. Everyone else loses theirs AND is left holding the bag. It all starts with the Federal Reserve, a private banking cartel that has subjugated American currency and answers to no-one. They print unknown amounts of money, thus devaluing and destabilizing US currency, resulting in instability and lack of faith in foreign markets. This leads to inflation, which devalues hard assests here at home, depletes private savings, wipes out investment and leads to higher prices of imported goods.
Detailed Information
| Author: | Daniel Gross |
|---|---|
| Publication Year: | 2007 |
| ISBN: | 9780061286568 |
| Pages: | 242 |
| Language: | English |
| File Size: | 1.286 |
| Format: | |
| Price: | FREE |
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