Thursday, June 02, 2016

The Federal Reserve Is A Creation 
By Private Bankers For The Benefit
Of Private Bankers & Major Investors
"The creation of the Fed in 1913 started a foolproof method of making money especially for the bankers. And the Fed was a creation by private bankers for the benefit of private bankers and major investors. As Mayer Amshel Rothschild said: 'Give me control of a nation’s money and I care not who makes its laws.' So in 1913, an absolutely extraordinary period of 100 years started that has led to a total explosion in most asset classes, population numbers, inflation and credit growth as well as medicine and science, including some amazing technical innovations and developments. There is of course nothing wrong with rapid growth. But when it becomes exponential and relates to a bigger sample like the world or a major continent, the likelihood is that it won’t last and that there will be a substantial move in the opposite direction .. Between 1665 and early 1900, U.S. inflation was on average a maximum 1-2% per year. Then, from 1913, with the creation of Fed, the credit explosion and money printing started. Initially it was gradual but from 1971, when Nixon abolished the gold-backing of the dollar, inflation has gone exponential and so has credit growth."
- Egon von Greyerz
LINK HERE to the article

1 comment:

Anonymous said...

Global Gold Talks to Felix Zulauf About Monetary Policies, Outlook of Markets And Gold