moonbat1775

Financial Warning to the U.S. Government

Excessive social spending and the need for austerity would not even be on the table if we had had a honest banking system instead of a government backed fractional reserve banking system (GBFRBS).

The bust part of the boom/bust cycle leads to cries for more social spending. This is understandable since during the Great Depression even those willing and able to work lost their jobs.

Capitalism must either reform on an honest banking system or it will loose out to socialism and/or fascism.

Capitalism is the only moral economic system. It is an abomination that it is built on a dishonest banking system.