The average commentator on the financial news shows doesn't seem to get it. We're in for some serious problems, and the root cause is the central banks around the world, like our Federal Reserve. When money is simply printed, with nothing to back it up, serious disconnects occur in financial markets.
One site I check often is prudentbear.com. The daily news and the guest commentaries provide a lot of information, especially now with monster problems on the horizon. Check out this guest commentary from their site here.
In a civilized society, should anyone or any government ever force anyone to do anything against his or her will as long as that person does not infringe upon the life, liberty, or property of another?
Saturday, October 20, 2007
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How does the World Bank work? IMF? Do they get involved with manipulation of money markets/money supply? and if so, does using a money market savings account help support Central banking or does it provide a free market for world currencies to compete? Is that a statement that can only be HONESTLY made when those currencies are not fiat-based? I was reading some peoples posts on another site about Keynesian economic philosophy and how he was influencial in starting WorldBank/IMF, which I am opposed to. Do you know of an article I can point to to show my fiancee?
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