A jornalista australiana Jo Nova fez conexão entre emissão exagerada de dinheiro e investimento em programas de mudança climática (como o caso do Solyndra nos Estados Unidos).
O jornalista James Delingpole do jornal The Telegraph relacionou o texto de Nova a escola austríaca de economia e disse que esta escola é a única na economia que vale o aprendizado.
A lógica de Jo Nova é que com a emissão de dinheiro os políticos podem fazer investimentos podres e quem ganha dinheiro com a emissão são os especuladores, o resultado não é desenvolvimento, mas inflação. Eu não discordo do argumento dela, mas acho que os políticos não dependem de emissão para fazer políticas ruins. E discordo completamente de Delingpole, um jornalista que gosto muito, sobre a escola austríaca. Esta escola tem o que ensinar, mas também não estimula o crescimento, apenas um liberdade exagerada de comportamento capitalista.
Abaixo vai parte do texto de Jo Nova
Why should you care about esoteric precious metals markets? It’s your currency, even if you don’t own any.It’s like this. The governments and their central banks make as much free money from thin-air through fractional reserve banking and other methods as they can get away with — it benefits those who “spend that new money first”. They spend it at current prices, and pay it back later, after inflation has decreased its value. The people who pay the difference are those who saved and held money while its purchasing power fell. Speculators grow rich, while retirees and savers get poorer.
In a free market this would quickly lead to inflation, and people would rush to the only currencies the government can’t inflate (or “print” for free) — they’d buy and hold gold or silver and keep their purchasing power. Remember, gold and silver are the currencies that evolved in the marketplace over the last 5,000 years and are not directly under the control of government. (And “so?” you say?). The point is, if the prices of gold and silver rise fast, people would abandon bonds and get into metals instead, thus correcting the situation by making the printing and speculating game vastly less attractive while saving and production became more attractive. Essentially, people dump the government money and go for the competitor, which means the government (and or Fed) has to increase the interest rate and pay more for its money, and nobody wants that: God forbid that Governments or Banks should pay people a fair rate for borrowing “their” money.
Bonds and “treasuries” (US Treasury Bonds) are fancy words for loans to the government. But if no one wants to buy them, then the government has trouble raising funds for its massive pork barreling vote-buying schemes, and the investment bankers pay higher interest payments which takes all the fun out of Grossly Huge and Obscene Mergers, the SubPrime Parties and the High Frequency Festivals.
As Mrs T. said, “The problem with socialism is that eventually you run out of other people’s money“.
If the gold and silver markets are free, the bankers and government are much less able to join in cahoots to get more than their fair share off the people, because their government paper currencies suffer competition from gold and silver. The proverbial pot of gold sits at the end of the Fiddled-Gold-Market-Rainbow. If they can whip-saw the gold and silver market, and keep people from getting too much joy there, they can keep interest rates lower, surreptitiously transfer purchasing power from the public to the money printers, and fool the public into thinking that inflation really was only 3% — even as stocks hit record highs, executive salaries grew malignantly, and houses became unaffordable.
Corruption is endemic. It’s due to the amount of money-for-nothing pumped into sovereign currencies.Gold is an anti-cheating device. So is silver. You have to earn before you can spend it; governments and banks cannot create it at the click of a keyboard. That’s why the reports of widespread manipulation matter to every citizen, not just to investors. Gold represents the natural limits to growth, it’s the pin the pops the Ponzi bubble.
“Free” money allows the psychopaths to rise to the top, it rewards the most brazen, fearless, and unscrupulous behavior. Honest players on a slow-and-steady realistic schedule get eclipsed by competitors that push the limits of the system.
This week we’ve seen two whistleblowers emerge. The second anonymous one called for more.
I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. …Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America’s best kept secrets. Please do not allow this to turn into another Enron.