Bob Hoye has been in investment business for some 50 years. The financial state of the world is totally insane. The powers that be somehow believe that printing money will enable countries to avoid recessions and depressions. It’s like believing that blood-letting will cure whatever ails you. We’re now in the 19th recession since the inception of the Fed. In addition to failing at its major responsibility, It’s been totally corrupted. It’s primary mission has devolved into creating unlimited money to fund unlimited government. As Bob notes, this has all happened before. He goes on to give an excellent historical perspective on the madness. Ultimately, the power of the government is used to constrain the middle class. Is there a difference now? Are we in for another Glorious Revolution? A bloodless revolution. Check wikipedia and learn about the Glorious Revolution. When authoritarianism arrives, freedom and prosperity always flee. What’s next in the financial markets? You will find the answer is in the history of all great booms and busts.
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