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This Interview Could Save Your Life: “Consider This Your Last Wake Up Call”

October 20, 2014

This Interview Could Save Your Life: “Consider This Your Last Wake Up Call”.

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There is no shortage of potential worst-case scenarios that all seem to be converging. The Ebola crisis has been at the top of the headlines as of late, but though they’re not being talked about in any serious capacity, we are still facing other threats to our livelihoods elsewhere – mass migrations of people and criminal elements across our southern border, a military face-off in Europe, terrorist armies in the middle east, and the real possibility of an unprecedented economic collapse on a global scale.

In a recent Daily Coin interview Survival Blog founder James Rawles suggests that this may well be our last wake-up call. Consider, for example, that there are hundreds of thousands of Americans out there right now with no idea what to do should this virus spread. They assume the government will soon have the contagion under control, and even if Ebola can’t be stopped, people are banking on the notion that emergency responders will be there for them when they need help. Assuming the hospitals don’t get overwhelmed and that food doesn’t get stripped from the store shelves in panic buying, then yes, things should be just fine. But what happens if the worst-case scenario does play out, and Ebola continues to infect more people across America?

 

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The IMF and Austrian Theory – Ludwig von Mises Institute Canada

October 18, 2014

The IMF and Austrian Theory – Ludwig von Mises Institute Canada.

 

IMF Greece Financial CrisisBack in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies. Representatives from the world’s leading governments were attempting to increase liquidity in global markets. They wanted to make sure the banking system and sovereign governments would never had a lack of funds. Hazlitt was not fooled. “In plain English” he wrote, “they are pushing for more world inflation.” His words, though accurate, went unheeded. The International Monetary Fund, which was established decades earlier, was to play a role in facilitating endless inflation.

Half a century later, the IMF has overseen a tumultuous business cycle that came to a screeching halt in 2008. Big, overleveraged banks were on the verge of collapsing; millions of people lost their jobs and their homes; governments spent billions of dollars to maintain their welfare safety nets. The end result, which is still ongoing, is stagnant economic growth with dim prospects for recovery.

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