17 November 2012

Veterans Day 2012

Hurricane Sandy made me late.

Here is the famous scene of the flag raising on Iwo Jima in black and white.

Hyperinflation Diary

A woman tells her story of growing up after the end of the First World War and the hyperinflation of the Weimar Republic. This chilling tale is testament to what happens when governments permit the unlimited printing of money, such as is happening with the Fed and QE3 (so much crap they had to start another pile). According to wiki "QE3 was announced on 13 September 2012. In an 11-to-1 vote, the Federal Reserve decided to launch a new $40 billion a month, open-ended, bond purchasing program of agency mortgage-backed securities and also to continue extremely low rates policy until at least mid-2015."