Saturday, October 6, 2012

68 Years in 68 Words

Bretton Woods
Reserve Currency
American Empire
Guns and Butter
Gold window closed
Inflation rampant
Fed panics, money supply shrinks
Cold war ends
Debt boom
Money supply forever increases
Stocks crash 1987
Fed lowers rates
Boom resumes
Austrian business cycle
Nasdaq crashes
Perpetual war
Housing crashes
Banks bailed out
Rates to zero
No boom, money parked at Fed
Debt builds
Debt defaults or currency collapse
Waiting
Reckoning day awaits

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