Tuesday, September 17, 2013

A Warning Not Heeded

"Give me control of a nation's money and I care not who makes their laws." Mayer Rothschild (1744-1812)

4 comments:

dmarks said...

Related to the ugly "too big to fail" idea. No bank is, or was, or should be, too big to fail. This meme is nothing more than a justification for corporate welfare for bankers, and it encourages banks to behave in risky actions.

BB-Idaho said...

Typical big banker.

dmarks said...

Anyway, it is a warning against many things: against the Fed, against bailing out/artificially preserving huge banks, and against nationalizing the banks/socialism.

Good stuff... Wise.

Will "take no prisoners" Hart said...

Pretty much every significant economic downturn in American history has been caused at least in part by central banking and damned if it didn't take a European to predict it.