Fractional reserve banking isn’t a part of a true free market capitalist system. It is intervention into the free market that Government, through the court system, has sanctioned. 820 more words
Tags » John Maynard Keynes
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” Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
Hyman Minsky: “Today’s narrowly focused financiers do not conform to Schumpeter’s vision of bankers as the ephors of capitalism..."
Hyman Minsky: “Today’s narrowly focused financiers do not conform to Schumpeter’s vision of bankers as the ephors of capitalism who assure that finance serves progress. 31 more words
An opinion – War and Tax
Without tax you can not have war. War is expensive. War is a rich country’s game.
As long as we deny developing nations the means to retain their own money by ignoring the systematic theft of their resources by corrupt leaders who misappropriate nation’s money to themselves and conceal their theft in offshore accounts, we also deny them the means to defend themselves and improve their lot. 1,346 more words
As you might already know, one result of the famous Bretton Woods conference of 1944 (which established the post-WWII global economic order) was to set the US dollar as the currency for global trade. 115 more words