Growth economics is about to meet its maker. Debt is money. We have taken on too much debt. If debt is reduced so then is the global economy for the repayment of debt equals the destruction of money which is essentially the destruction of an economy. But don’t take it from me. Read the following [...]
Posts Tagged ‘Federal Reserve’
Interest is the root of our financial malaise. It’s not like “usury is evil” is a new concept or anything!
Posted in Uncategorized, tagged abolish the Fed, Federal Reserve, Global banks, how money is created, Interest, Usury on November 16, 2010 | Leave a Comment »
Why QE2 is very destructive for the US Dollar, the “Coca Cola of world monetary brands”
Posted in Uncategorized, tagged Ben Bernanke, coca cola, Federal Reserve, Jim Grant, QE2, US dollar on November 6, 2010 | Leave a Comment »
Great interview on Bloomberg with Jim Grant, a longtime vocal critic of Ben Bernanke and quantitave easing. He explains in very clear terms how the Federal Reserve has become America’s de-facto central planner by telling us “what assets to buy at what prices and what level of nominal GDP we should all need”.
