Jubilee Prosperity

The result of the 1934 devaluation was a 7% blip in inflation with resumption of the Great Depression leading to a Second World War.

The Great Depression did not end until people had enough income from productive jobs to get out of debt and save for the future. We are far from that today.

Now may not be that much different from then two Jubilee Generations ago.

More debts and taxes for more government programs are hardly a solution to a problem caused by too much credit and too many taxes.

America and Americans face the limit of their ability to service the debt with taxes.

Those that praise higher taxes feel free to set up tax-favored Foundations and buy of lobby tax credits.

Bloated government programs passed last year with political promises to help, in fact did not. The President’s popularity is declining with the economy.

http://www.cnbc.com/id/34038967/print/1/displaymode/1098/

The 16% real rate of interest, 4% bonds plus 12% deflation, is crushing the life out of the economy.

Higher taxes may finish the coup de etat triumph of State over Liberty.

COLA Cost of Living Adjustments and TIPS Treasury Inflation-Protected Securities clearly did not keep up on the way up and may not on the way down.

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This entry was posted on Thursday, November 19th, 2009 at 7:46 pm and is filed under Capital Preservation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.