Monetary System

The American people have

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The American people have no idea they are paying the bill. They know that someone is stealing their hubcaps, but they think it is the greedy businessman who raises prices or the selfish laborer who demands higher wages or the unworthy farmer who demands too much for his crop or the wealthy foreigner who bids … Read more

When plunder becomes a

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When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it. Frederic Bastiat

We are in danger

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We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people. Daniel Webster

The problem is that

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The problem is that people really just don’t care and they have been educated not to care about the monetary system: that it’s boring, it’s difficult to understand, we need to have high minded people like Greenscum and Bernanke to do things like this (and don’t forget Volker, there’s the whole cast of them). The … Read more

The problem is that

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The problem is that people really just don’t care and they have been “educated” not to care about the monetary system: that it’s boring, it’s difficult to understand, we need to have high minded people like “Greenscum” and Bernanke to do things like this (and don’t forget Volcker, there’s the whole cast of them). The … Read more

Look at any financial

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Look at any financial institution, at any bank. They’re all photocopies of each other. There’s no diversity of institutions and even less diversity of currency. Therefore, just as you say its very logical that an ecosystem like this will collapse, it’s very predictable a monetary system like this will collapse, too. And it hasn’t finished … Read more