Sunday, November 29, 2009

It shouldn't be this way

The central bank-managed, fiat paper money systems that rule the world's economies should be abolished. The free market can meet our monetary needs just as it does other consumer demands - and it can do so without currency devaluation or the boom-bust cycle. The classical gold standard "failed" because government wanted money it could inflate at will. Bankers wanted a monopoly cartel that would protect them from the fraud of fractional reserve banking. Thus, Americans were handed the Federal Reserve System in 1913. War, inflation, and depressions have been with us ever since.

It shouldn't be this way.

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