Central banking, Economics, Inflation, Monetary reform, Policy

The biggest scam in history of mankind

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton

Well over a century ago, Lord Acton had understood the problem that’s been well obscured from students of economics, history and politics over the more recent generations. The role of money in our society is not sufficiently well understood today. Its importance was underscored by Thomas Paine when he said that, “Money, when considered as the fruit of many years’ industry, as the reward of labor, sweat and toil, as the widow’s dowry and children’s portion, and as the means of procuring the necessaries and alleviating the afflictions of life, and making old age a scene of rest, has something in it sacred that is not to be sported with, or trusted to the airy bubble of paper currency.

It is only thanks to the internet that relevant knowledge has become more widely available, thanks to a number of researchers who articulated their research into relatively easy-to-digest documentaries to illuminate humanity about the subject that’s absolutely critical to our understanding economics, politics and our history. Perhaps the very best of these documentaries was produced by Mike Maloney. It is a 30-minute presentation appropriately titled, “The Biggest Scam In the History of Mankind.” It is well worth viewing – more than once:

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s