Yet the liberals who claim to love social justice insist that this must be ignored.
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix
Social justice types should read this. These banksters are what the Liberty movement is attacking. These banksters are not a product of capitalism, but government supported cronyism. If you wish to fight for a just society, join the Liberty movement in attacking cronyism aka corporatism.
Max, why do you talk about the Federal Reserve so much?
You want to talk Catholic social teaching? Institutional injustice? Let’s talk about the Federal Reserve system.
"This is, I believe, a moral tale. It goes far to prove the revolutionary axiom that if you wish to destroy a nation you must corrupt its currency. Thus must sound money be the first bastion of a society’s defence." ~Adam Ferguson, "When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany"
The Fed, as always, is a disaster and should be ended.
An excerpt: “This report reveals the inherent conflicts of interest that exist at the Federal Reserve,” Sen. Bernie Sanders (I-Vermont) says in a statement about the report. “At a time when small businesses could not get affordable loans to create jobs, the Fed was providing trillions in secret loans to some of the largest banks and corporations in America that were well represented on the boards of the Federal Reserve Banks,” adds Mr. Sanders. “These conflicts must end.”
— Judge Napolitano
A great read! Some of my favorite parts:
"Romney’s multiple attacks on China during the debates (even President Obama got in on the anti-China bashing) ignored what has been happening right under his nose for decades. In the last forty years, thanks to the Federal Reserve’s devaluation, the U.S. dollar has lost nearly 85% of its value. Compared to just ten years ago, it buys almost 40% less. A partial audit of the Fed revealed a staggering $16 trillion were printed and loaned out, in secret, to American banks and foreign governments."
"Practically, an admission of the U.S. as the real currency manipulators would mean that Romney, Obama, or the rest of Congress would have to actually tell the truth about how the U.S. government is financed and operates. In order for the U.S. government to meet its budgetary obligations, it has to monetize this debt by printing the money. While this masks the problem in the short-term, it destroys the value of each dollar, ripping apart the middle class, cartelizing wealth, and allowing the U.S. to continue to limp along under the illusion of strength."
"But what the U.S. needs is the promotion of a strong currency to bring capital back and encourage economic production and savings — and a thorough examination of the real counterfeiters and currency manipulators right here in Washington."