A democracy cannot exist as a permanent form of government. It can only exist until voters discover they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for candidates promising the most benefits from the public treasury, with the result a democracy always collapses over lousy fiscal policy, followed by a dictatorship. The average of the world's great civilizations before they decline has been 200 years. These nations have progressed in this sequence: From bondage to spiritual faith; from faith to great courage; from courage to liberty; from liberty to abundance; from abundance to selfishness; from selfishness to complacency; from complacency to apathy; from apathy to dependency; from dependency back again to bondage.
Wednesday, April 16, 2014
Friday, January 31, 2014
One Year Central Banks Balance Sheets Change vs. Currency X-Rate Change: Impotent Correlation On Weak-Inverse-Relationship
Currencies denominated in US Dollars- Euro, Pound, Yen:
Q4 report breaks the three-quarter positive trend ending in Q3, off 0.9% quarter-over-quarter, weakness driven by lower Private Investment and Government Spending: