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

Thursday 17 April 2014


So these things keep happening; but here is the problem, Chris: the Fed
has printed almost four trillion dollars to put out the fire from 2008.
What is going to happen if we have a liquidity crisis next month or next
year? They are at the limit of their balance sheet. They are already
insolvent on a mark-to-market basis. And again, that is not guesswork. I
actually was told that by a member of the Federal Open Market
Committee. They are leveraged 80-to-1. They cannot do more. They cannot
print another four or eight trillion. They are at the limit of
confidence. They are not at the legal limit, by the way. Legally they
can do it but they are at the limit of what people will really trust, or
before the Congress would intervene.

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