Lately an incredible quote from President Andrew Jackson’s 1837 farewell address has been circulating on the internet. For all those who have begun to see the evils that have befallen our nation since it was taken over by the banking oligarchy this is a MUST READ. . . . In reviewing the conflicts which have […]
Thanks for your recent emails. Yes, the distinction between earned and unearned wealth is indeed critical. And yes, I agree with your identification of monopoly control of resources as being at the root of the problem. Of course the chief monopoly is that of creation of money which governments share with the international banking oligarchy. […]
I have been writing for the last two years or so that the strategy of the Federal Reserve has been to engineer a “soft landing” from the horrendous financial bubbles that were created during the disastrous presidency of George W. Bush. Since President Obama came to power in January 2009, his administration has been partners […]
A “run on the dollar,” or any currency, for that matter, takes place when the currency is losing its value. This happens when a country’s debt becomes so great that there is danger of a major default–that is, large scale or even national bankruptcy. At that point, people whose wealth is in that currency, or […]
After the collapse of the Soviet Union caused it to split up into its components, the newly-established nations each faced an economic crisis. In Russia the crisis lasted for a decade. Inflation had destroyed the currency. There was no banking sector to speak of. And the central government had failed to monetize the nation’s potential […]
We recently discovered an interesting and important blog named “The UsuryFree Eye Opener.” This is how it describes itself: “The UsuryFree Eye Opener is the electronic arm of the UsuryFree Network. It seeks active usuryfree creatives to help advance our mission of creating a usuryfree lifestyle for everyone on this planet. Our motto is ‘peace […]
From Private Enterprise Money by E.C. Riegel (pub. 1944) The present money system has three basic evils: a) It permits money to be issued privately, only by a limited number of persons and corporations who have bank credit, and makes such credit subject to fee. Thus it establishes credit as a privilege rather than a […]
Steven Pearlstein, business columnist for the Washington Post, published a column on January 6 entitled, “Recession Over? Not Unless We Make a Major Shift.” The problem is that the “major shift” Pearlstein writes about won’t solve the problem even if it takes place. So is the recession ending? The professional cheerleaders from Wall Street think […]