"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises

Wednesday, January 19, 2011

Rick Santelli and Jim Rickards on CNBC

Short post today.  Earlier today (US Eastern Standard Time) Jim Rickards was on CNBC discussing the US-China Economic and currency situation. He also touches upon a possible endgame to the US China Economic relationship.  Rick Santelli, as usual steals the show for a moment with some common sense.

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