Pat Buchanan is derided in the U.S. as a paleo-conservative.

He seems to have been out of favour for quite some time.

He does have his supporters, and a certain amount of respect from the old school crowd, but overall, people don’t seem to take him seriously.

Part of the problem is that his predictions are timed so far out that people think he’s absurdedly making speculations, when much of the time he is simply extending ideas that are happening now.

Anyway, check out this article…

“The best way to destroy the capitalist system is to debauch the currency,” said Lord Keynes.

Ben Bernanke disagrees. A student of the Depression, the Fed chair appears far more fearful of deflation a vicious cycle of falling prices, debt defaults, home foreclosures and rising unemployment.

Deflation is what America underwent in the 1930s. A Fed-created bubble burst, causing margin calls to go out to stockholders, who ran to their banks that, besieged, collapsed, wiping out a third of our money. As Milton Friedman, who won a Nobel for his thesis that the Federal Reserve caused the Great Depression, told PBS in 2000:

“For every $100 in paper money, in deposits, in cash, in currency, in existence in 1929, by the time you got to 1933 there was only about $65, $66 left. And that extraordinary collapse in the banking system, with about a third of the banks failing … with millions of people having their savings essentially washed out, that decline was utterly unnecessary. “(T)he Federal Reserve had the power and the knowledge to have stopped that. And there were people at the time who were … urging them to do that. So it was … clearly a mistake of policy that led to the Great Depression.”

Is Bernanke fighting the war of 1929 in 2009? Surely, today, with the explosion in M1, the basic money supply, there is no shortage of dollars out there, even if they are not circulating fast enough.

To end our recession, Bernanke may…

http://vdare.com/buchanan/090323_hyperinflation.htm

Ed Stelmach finally announced today what everyone already knew.

With the oil field slow down and the unemployment rate up and the condo developments crashing to the ground…

(Today the Astoria…featuring a $10,000,000.00 penthouse suite just went bankrupt)

It looks like the province needs a new slogan…

$25 million tax payer dollars are going into this…

“Freedom to Create…Spirit to Achieve”

Thanks Ed.

That’s just…great.

So much better than having $25 million dollars shaved off my taxes.

http://www.cbc.ca/canada/calgary/story/2009/03/25/cgy-alberta-new-slogan-logo.html