[ame="http://www.youtube.com/watch?v=npJ0CUT8d_Y"]"What About Money Causes Economic Crises?" with Peter Schiff - Ron Paul Money Lecture Series, Pt 3/3 - YouTube[/ame]
Excellent presentation. Of course the government, Republican as well as Democrat, don't want to tell the country how close the the cliff edge we are. They won't win re-election, and how can they help if they aren't in power - except they aren't helping. They can't help, they can only get out of the way. If they allow the interest rates to rise to the correct level, the amount of tax dollars required for debt service will require far more borrowing (wrong direction), huge tax increases, first on the rich, then on everyone, or draconian cuts (the last two, assuring a new crop of politicians). The government bubble is far bigger than the tech bubble, and the housing bubble, combined. When it collapses......
There are two other lectures in the series... [ame="http://www.youtube.com/watch?v=vowbrq_g5NM&feature=relmfu"]"What is Money?" with Joseph T. Salerno -- Ron Paul Money Lecture Series, Pt 1/3 - YouTube[/ame] [ame="http://www.youtube.com/watch?v=k6gMkKmQSW4&feature=relmfu"]"What is Constitutional Money?" with Edwin Vieira -- Ron Paul Money Lecture Series, Pt 2/3 - YouTube[/ame]
