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From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like
From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like
Authored by Bryan Lutz via DollarCollapse.com,
“A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy.”
~ Ludwig von Mises, The Theory of Money and Credit (1912)
Empires don’t announce their decline.
They reveal it in the data…
And...
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HSBC Warns Of Commodity "Super-Squeeze" As Goldman Hikes Copper Forecasts
HSBC Warns Of Commodity "Super-Squeeze" As Goldman Hikes Copper Forecasts
Copper is inching closer to its mid-May all-time high of $14,153 a ton on the London Metal Exchange, trading around $13,832 on Tuesday morning, as Goldman raised its year-end price targets and HSBC warned that commodities face a "super-squeeze" with the Hormuz maritime chokepoint still largely shuttered in early June.
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