Friday, May 28, 2010

Monetary policy for beginners

This is an interesting historical primer to the basic arguments over monetary policy.  This guy gets the essential arguments straight. And he is a LOT more entertaining than I.
The Bankster-Gangster Crowd..Murdering People for over 2,000 Years
International bankers saw that interest-free scrip would keep America free of their influence, so by 1781 banker-backed Alexander Hamilton succeeded in starting the Bank of America. After a few years of "bank money", the prosperity of "Colonial Scrip" was gone. Benjamin Franklin said, "Conditions were so reversed that the era of prosperity had ended and a depression set in to such an extent that the streets of the Colonies were filled with the unemployed!" Bank money was like our FED money. It had debt and interest attached.

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