Legalized Plunder, The Federal Reserve Is a Cartel
Oct 15, 2012 16:22:50 GMT -5
Post by Michael Downing on Oct 15, 2012 16:22:50 GMT -5
Casey Research speaks with Author G Edward Griffin the author The Creature from Jekyll Island published in 1994. May you live in interesting times...
“Legalized Plunder – Why we have all been had, fooled and deceived…. and the surprising reason we keep asking for more of the same bad medicine”
The basic thing I was trying to accomplish is to take a look into the future, because everybody at this conference – or most people, I guess – are concerned about the way things are changing in the economy. They know that the old rules that used to apply – the old ideas of American free enterprise and free markets – the rules have been changed. We are living in a different environment now. People are wanting to know, "How does this affect me? And my retirement and my savings? And what kind of a world are my children going to live in?" This sort of thing. So my job was to try and project some of these trends that we find today into the future, and to see what's coming down the line.
It's not as hard to do as you might think, because if you want to project anything, you get a graph, and you see where we are now, where we came from, and you just draw a straight line between those two points, and you can see where we are headed. My theme was that unless we make some major changes in the forces that are acting on the economy today, we are going to continue heading in exactly this same direction that we have been heading for the last hundred years. If you project that line into the future, you don't have to go another hundred years to realize that the end of the line is coming. We have growth of government every year. Every month it's a little more intrusive: it's got more control over our lives; we've got less freedom; you have more inflation; you have more social unrest; we have more fraud in the government; we've got more banking schemes to create money out of nothing in order to make sure the banks are paid off. These are things that have been going on for 100 years, and they are accelerating now. You don't have to be a rocket scientist to see that within the next generation, for certain, and maybe a lot sooner than that, we are going to come to the end of that line.
If we have gone from, let's say, 20% government one hundred years ago to 80% now, where are we headed? One hundred percent government, aren't we? One hundred percent government means totalitarianism. And how long will that take? One hundred years ago, a dollar was worth so many hamburgers, let's say. Today, it takes $100 to get the same number of hamburgers, so we've seen major decline in the purchasing power of the dollar for the last hundred years. Where is that going? It's heading to zero.
So that was my job, to bring the bad news and ask people to stop being in denial, to stop thinking, "Well, everything is going to turn out okay if we just leave it alone." We have to make some very important changes.
www.caseyresearch.com/articles/legalized-plunder
www.youtube.com/watch?v=_WrMWK-FJzU
www.youtube.com/watch?v=-X5ISQJEpV0&feature=relmfu
“Legalized Plunder – Why we have all been had, fooled and deceived…. and the surprising reason we keep asking for more of the same bad medicine”
The basic thing I was trying to accomplish is to take a look into the future, because everybody at this conference – or most people, I guess – are concerned about the way things are changing in the economy. They know that the old rules that used to apply – the old ideas of American free enterprise and free markets – the rules have been changed. We are living in a different environment now. People are wanting to know, "How does this affect me? And my retirement and my savings? And what kind of a world are my children going to live in?" This sort of thing. So my job was to try and project some of these trends that we find today into the future, and to see what's coming down the line.
It's not as hard to do as you might think, because if you want to project anything, you get a graph, and you see where we are now, where we came from, and you just draw a straight line between those two points, and you can see where we are headed. My theme was that unless we make some major changes in the forces that are acting on the economy today, we are going to continue heading in exactly this same direction that we have been heading for the last hundred years. If you project that line into the future, you don't have to go another hundred years to realize that the end of the line is coming. We have growth of government every year. Every month it's a little more intrusive: it's got more control over our lives; we've got less freedom; you have more inflation; you have more social unrest; we have more fraud in the government; we've got more banking schemes to create money out of nothing in order to make sure the banks are paid off. These are things that have been going on for 100 years, and they are accelerating now. You don't have to be a rocket scientist to see that within the next generation, for certain, and maybe a lot sooner than that, we are going to come to the end of that line.
If we have gone from, let's say, 20% government one hundred years ago to 80% now, where are we headed? One hundred percent government, aren't we? One hundred percent government means totalitarianism. And how long will that take? One hundred years ago, a dollar was worth so many hamburgers, let's say. Today, it takes $100 to get the same number of hamburgers, so we've seen major decline in the purchasing power of the dollar for the last hundred years. Where is that going? It's heading to zero.
So that was my job, to bring the bad news and ask people to stop being in denial, to stop thinking, "Well, everything is going to turn out okay if we just leave it alone." We have to make some very important changes.
www.caseyresearch.com/articles/legalized-plunder
www.youtube.com/watch?v=_WrMWK-FJzU
www.youtube.com/watch?v=-X5ISQJEpV0&feature=relmfu