Root Cause of the Financial Crisis

[gonegolfin]

The following is an excellent article from Steve Saville pinpointing the root cause of the financial crisis. Not allowing free market forces (through the supply and demand for money) to determine the cost of credit results in the mis-allocation of capital (mal-investment). In our present case, a gross mis-allocation of capital that must be purged from the financial system. Yet, the choices being made by government leaders is perpetuating a problem that has been caused by precisely the same measures that are being proposed to fix the problem. Massive supplies of money and cheap credit.

http://news.goldseek.com/SpeculativeInvestor/1224601200.php

Brian

 

[RickyJ]

The root cause of the crisis is amoral greedy lazy bastards. Hard workers who bust their butt every day are carrying the country on their backs and will soon die of exhaustion.

 

[ArrestPoliticians]

The following is an excellent article from Steve Saville pinpointing the root cause of the financial crisis. Not allowing free market forces (through the supply and demand for money) to determine the cost of credit results in the mis-allocation of capital (mal-investment). In our present case, a gross mis-allocation of capital that must be purged from the financial system. Yet, the choices being made by government leaders is perpetuating a problem that has been caused by precisely the same measures that are being proposed to fix the problem. Massive supplies of money and cheap credit.

http://news.goldseek.com/SpeculativeInvestor/1224601200.php

Brian

Good article. It seems like everyone these days will admit that this is a problem, but they have an agenda so they blame other factors. Everyone wants to blame factors that contributed to the collapse but not blame the cause.

 

[Truth Warrior]

Root cause? GOVERNMENT!!!