Arkian Michael's Blog – February 2011 Archive (2)

"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

A…

The NOAA Space Weather Prediction Center is advising that a powerful X-class solar flare is on its way to Earth. Charged plasma particles are expected to reach earth today. 

A wave of charged plasma particles from a huge solar eruption has glanced off the Earth’s northern pole, lighting up auroras and disrupting some radio communications, a NASA scientist said.

But the Earth appears to have escaped a widespread geomagnetic storm, with the effects confined to the northern…