Mitchell McAleer

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  Mitchell commented on the article | about 3 years ago

  The Roots of Contemporary Homelessness

  Our federal government in colusion with the federal reserve bank created the housing bubble that made houseing unaffordable. The cheap money encouraged increasing prices, while the value of the dollar was reduced. 
   It's disturbing to note there is little if any mention of the consequences of a fiat currency system in this discussion, the printing of money out of thin air is the primary cause of inflation, and the hardship ends up placed most on the lowest end of the economic scale, in this case, the lower and middle class americans.
   Take a look at the men who predicted the current economic climate, and how they were laughed at, Ron Paul, Peter Schiff, all warned us of this reality, and yet the current and future administration is intending to continue with the same persons and policies that have resulted in the worst economy in the US since the great depression.
   Seriously, are we that collectively stupid to fail to learn this lesson from history as recent as 1913- 1930's,  are we doomed to another 10 year great depression?