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.Continue reading

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Central banking, Economics, Inflation, Market research, Monetary reform, Policy

We’re heading for stagflation!

Last week we learned that U.S. federal debt passed the $19.5 trillion, adding $1.36 trillion during this fiscal year. Just last month, it added $151.5 billion. By now we have all gone a bit tone-deaf with all the billions and trillions tossed about in the news, so let’s put this into a bit of perspective. In August, the U.S. government added $475 per man, woman and child, or $1,206 per household living in the U.S. We are talking one month’s time here! The annual clip is $5,700 per man woman and child!! This is very far from sustainable, but it’s quite a bit worse actually. Continue reading

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