Smashing Myths and Restoring Sound Money
A speech in Greenville, South Carolina.
January 19th, 2010 at 10:36 am
Dr. Woods–Here’s a story on “possible” insider trading by NY Fed Chair Stephen Friedman: http://dailybail.com/home/is-stephen-friedman-guilty-of-insider-trading.html#comments
Hope you find it interesting!
Again, I agree with all you say BUT, (perhaps you already realize this), the problem is darker than you depict. I read “The Coming Battle”, published in 1899, which was trying to warn the American public about the upcoming elections in 1900, about the “money power” and how it was trying to reasert itself. We lost and we ultimately wound up with the Federal Reserve in 1913. I suggest you read “The Naked Capitalist” also. At the end of your well done talk, you state we can “kill the monster”. Yes, we can, but at great suffering and I doubt the people could stand it. The “powers that be” are deeply entrenched and it goes beyond just control over the currency. They will not relinquish their death grip on this nation (the world?)peacefully. They are in positions to cause serous harm, trigger war (the often used method when economies collapse), disruption of noemal commerce, etc. One suggestion to add to your talk, don’t convicts use cigarettes as “money” in prison? Do convicts know more about what real “commodity” money is, than the general public? Bottomline, I think we need to awaken as many as possible, vote intelligently BUT, realize there is no painless way out of this mess. I expect my retirement nest egg will be destroyed in the near future and am trying to minimize the negative impact as best I can. The future looks very dim, I fear for my children and grandchildren.