Tuesday , 23 October 2018


Tag Archives: credit card defaults

Now Underway: A Spiral of Debt Deflation Into a Bottomless Economic Abyss!

von Mises once said, “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 involved” and just that is happening before our very eyes. Words: 2242

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