Thanks for the interesting read!
I am getting sick and tired as well as angry at all the niceties Everyone is affording these people, especially the WSJ.
OUR ENTIRE BANKING SYSTEM IS BASED ON FRAUD AND DECEIT. and everybody here knows it as well as the WSJ.
We need to go back to CONSTITUTIONALLY AUTHORIZED LEGAL TENDER. as long as we allow the Government to just print money in order to fund a loan, we are SCREWED. If we were following the Constitution, 90% of what the Government Does would not be POSSIBLE. They would actually have to live WITHIN THEIR MEANS just like You and I. So enough with all the CRAP. Stop Being afraid of Calling a Spade a Spade.They are LIARS<CHEATS<FRAUDS, plain and simple.
“The efforts to reduce inflation during the 1970s failed”
Out and Out LIE, ONLY THE FEDERAL RESERVE has the POWER TO INFLATE THE CURRENCY, anyone else would be GUILTY OF COUNTERFEITING. That is their SOLE function, to Steal Our MONEY THRU INFLATION.
Thanks for posting! Now that Milton Friedman is gone, I’d say Allen Meltzer is the world’s top monetary expert, and we ignore his advice at our peril.
So, the Fed is PAYING banks NOT to lend money? Is this really true? And does this make any sense whatsoever to anyone here? If so, would you please explain it to me?
You know...I may sound like an amature, or offer an elementary, possibly an insane solution to this...
But what the hell, the insanity may not lie in the proposed solution, but in not doing something that might just shock the system enough to correct it...
Take away the printing presses, and have a freeze on printing more money for the next 5 year...Heck, why not ten years...
I bet you’d see some things change...