söndag 25 januari 2009

Is America broke?

"The dollar has lost 95% of its purchasing power since the Federal Reserve was established in 1913. Within twenty short years of its creation the worse depression to visit our shores occurred; yet the main reason given for a central bank was that it was needed to prevent depressions.

The Federal Reserve’s track record is one of complete failure. For most mortals, a job resume that contained such dismal performance would insure that one would not get a job, let alone one that pays so well.

The Fed’s control over the nation's money and banking system should be eliminated, especially the power to conduct open market operations, which is the antithesis of free market dynamics. They are nothing more than market intervention. The moral hazard and conflict of interest that exist are beyond belief. They have been fully covered in previous chapters."

Läs mer om detta intressanta ämne i nedanstående länkar:

Part 1
http://www.honestmoneyreport.com/archives/2009/0104.pdf

Part 2
http://www.honestmoneyreport.com/archives/2009/0103.pdf

Part 3
http://www.honestmoneyreport.com/archives/2009/0122.pdf

Sedan har ju historien visat hur guld hanterats.

Uncle Sam may grab your gold
http://intheendwerealldebt.blogspot.com/2008/12/uncle-sam-may-grab-your-gold.html

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