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	The End of Money

rustajb

6-29-2008 9:08 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1e648212-6fe3-4c7a-bd28-f086c7b31774/45EF2E1E-7425-48FC-AA0A-718FE65D5CE0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://chrismartenson.com/the_end_of_money" href="http://chrismartenson.com/the_end_of_money" style="font-size: 11px;">chrismartenson.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://chrismartenson.com/the_end_of_money"><P class="BiggerQuote">
<I>The greatest shortcoming of the human race is our inability to understand the exponential function. </I>~Dr. Albert Bartlett
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://chrismartenson.com/the_end_of_money"><LI class="CBSMWbigger">Money supply growth has gone parabolic. <A target="_blank" href="http://www.economagic.com/em-cgi/data.exe/fedstl/m3ns+1">It took us from 1620 until 1974</A> to create the first $1 trillion of US money stock. Every road, factory, bridge, school, factory, and house built, every unit of economic transaction that ever took place over those first 350 years required the creation of $1 trillion in money stock. But <A target="_blank" href="http://www.nowandfutures.com/key_stats.html">it only took 10 months</A> [edit: 2006 data] to create the most recent $1 trillion and I don't recall seeing an entire continent's worth of factories, schools or bridges built during that time. <I>[Edit: that figure is now an astonishing 4.5 months as of March 2008]</I></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://chrismartenson.com/the_end_of_money"><LI class="CBSMWbigger"><A target="_blank" href="http://www.economagic.com/em-cgi/data.exe/frbz1/FL154102005">Household debt has doubled</A> in only 6 years. Think about that for a minute.</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://chrismartenson.com/the_end_of_money"><LI class="CBSMWbigger">Total credit market debt (that's everything) was about $5 trillion in 1975, has increased by $5 trillion in just 2 years, and <A target="_blank" href="http://www.economagic.com/em-cgi/data.exe/frbz1/FL894104005">now stands at over $51 trillion</A>.</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://chrismartenson.com/the_end_of_money"><I>Our monetary system must continually expand, forever.</I></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/45EF2E1E-7425-48FC-AA0A-718FE65D5CE0/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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