The Phaserl


What Side Are You On as the West Declines?

by Anthony Wile, The Daily Bell:

AlterNet has posted an article reporting on Census Bureau numbers showing that one out of six Americans lives in poverty. This once again confirms our message here at The Daily Bell since inception, and even before in other forums, that the current central banking system doesn’t work and is causing tremendous problems.

This is not a hypothetical concern: As believers in voluntarism, the Invisible Hand and free markets generally, we’re dismayed – discouraged and concerned – by the steady downturn of Western economies. Personally, I don’t believe the more hopeful numbers that have been reported recently. I don’t think the US is in anything approaching a recovery and Western Europe isn’t, either.

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