varmit

How to Inspire More Panic in the Economic Crisis

Else where on this site James Quinn wrote:
"Thomas Jefferson, a wise man by most accounts, thought central banks were not a very good idea.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.

We did not heed Mr. Jefferson’s prudent advice. The result for the American people has been persistent inflation that has destroyed the purchasing power of the US dollar. It takes $1.00 to buy what cost 5 cents in 1914, a 95% loss of purchasing power since the creation of the Federal Reserve. Most of this loss in purchasing power has occurred since 1971. “Tricky Dick” Nixon took the country off the gold standard in 1971 and uncorked the bottle and let the inflation genie out. The unchecked issuance of debt by our government, facilitated by Federal Reserve policies since 1971, has brought our great country to the brink of financial disaster. The organization that caused the problem, did not see this crisis looming, and has utterly failed in stemming the damage, is now taking actions completely outside of its mandate, while telling the public they have the answers. They have duped the American public for 85 years through the insidious use of inflation, and now they are trying to dupe the world into keeping their Ponzi scheme going for a while longer."



On Dec 25 09:09 AM TAS wrote:

> Leave it to a socialist government (and Spain has the real McCoy)
> to almost gleefully anticipate the fall of capitalism and the necessary
> rise of big government to resolve all of the problems to live life
> happily everafter.
>
> I recommend he take a break and play a game of "catch the terrorist"
> with a Basque buddy.
>