Quote and chart of the day

Whoever said the advent of the Federal Reserve, or the end of “hard money” standard courtesy of Richard Nixon, made catastrophic or systematically shocking events less frequent, probably should have their head examined.

Tyler Durden, of ZeroHedge.

Accompanying this:

Image

You don’t stack up the highest peacetime debt to GDP ratio without causing a few problems…

This entry was posted in Uncategorized and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s