Building Permanent Culture in Knoxville
I've been studying the markets again recently and have come to the realization that our centralized bank, the central planner of our monetary policy known as The Federal Reserve is up to some very strange activities. "Creating liquidity", "quantitative easing", "monetizing debt", these are all fancy ways of saying that they are printing more money. In fact they are printing money in order for the US government to pay it's debt. On the 'free market' side of things, gold is at an all time high, the dollar is dropping in relation to other national currencies, and yet the stock market is holding steady at a somewhat recovered level. But will it hold? Nationwide unemployment is growing, real estate continues to tumble and what will happen next? Are we on the verge of the next Great Depression? Or worse?
Nobel prize winning economist and NYT columnist Paul Krugman insists we are on sound footing and none of what I just described matters. For almost a decade I hung on Krugman's every word. Now I realize that was mostly because he, like me apposed everything Bush did. But now he's cheerleading what I believe to be the makings of huge disaster. And I remind myself that he is employed by the same newspaper that was a part of the pre-war propaganda machine. While he may not be "The man behind the curtain", he and many others like him are helping to hold up that curtain. Are we about to see that curtain come crashing down with the fool(s) at the Fed standing about dumbfounded trying desperately to pull levers and push buttons just to keep the facade in place?
Permaculture will become all the more important as these events unfold. Throw out your TV and protect your internet! God bless, and keep on growing!