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Friday, September 19, 2008

Financial meltdown and fiat money

Scared by what’s going on in Washington/Wall Street, with the printing presses running at capacity to avert a worldwide financial meltdown? With it all being “fixed” by the same crowd who created the problem? You should be scared. It’s no joke, especially with two guys running for President who are clueless about what’s going on. Who’s going to bail out the Fed? Find a mirror.

As I’ve recommended before, now is the time to read about fiat money in The Creature From Jekyll Island: A Second Look at the Federal Reserve. Or you could just find a nice beach, and make like an ostrich. Could a global currency collapse and a depression also be around the corner? Deflation*** is already here. Read.

The Creature From Jekyll Island: A Second Look at the Federal Reserve

*** credit is drying up for consumers and businesses, a contraction in the money supply, and one big reason the Fed is pumping huge quantities of money into the system—but it’s not working.

Read The Creature, then let me know what you think.

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