It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Tuesday 10 June 2014


The combination of central banking, macro-economic theories, ambitious bureaucracies and gullible politicians has created a century of chronic and massive currency depreciation. The consequence has been a series of dislocating asset inflations. Initially, the Fed's job definition was to prevent financial convulsions that precipitated recessions. There have been 18 bear markets and recessions since the Fed opened its doors in 1914.
Despite the sorry record, the establishment has never doubted the perfection of the Federal Reserve System. On the inevitable Classic Crashes such as in 1929, the Fed was not criticized but those running it got the blame. Blame the guy, not the system.

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