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

Wednesday 26 June 2013


So here’s something that has turned out to be prescient – from David Stockman’s The Great Deformation, Chapter 23. The stock market in 2007 “had been taken over by white-collar financial hoodlums who needed a trading fix every day” but then were “asserting an entitlement” to policy actions “to keep the casino running at full tilt,” he wrote. The Fed stepped in, and by “the second week of October the market was up 10 percent, enabling the S&P 500 to reach its historic peak of 1,565....” On Monday, its intraday low was 1,561. Read.... David Stockman: When The Fed Capitulated To Financial Hoodlums

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