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gfs543
Member since May 2012
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The Great Gold Deception and Misdirection

- Stewart Dougherty -

Mr. Dougherty,

So glad to see you back, and from the voting it's clear I'm hardly the only one.

Your article contains many nuggets of wisdom and insight, such as "the bankster license to print is simultaneously a license to kill an economy" and "as capital is continuously looted from the economy, true economic recovery becomes impossible." There are numerous others. I've posted the link on my website and on FB.

One point I question, though, is blaming everything on greed. It's too indiscriminate. You say, greed is a "diagnosable mental illness." I would not be surprised that if we picked 30 people at random and gave them a license to print money as they saw fit, we would have inculcated the illness in all thirty. You could argue that greed was the motivation in creating the banking system we have. But clearly, that get-rich motive differs fundamentally from, say, Steve Jobs who wanted to bring what he considered great products to the market. In the case of the bankers, they wanted to get rich by fraud - through the mechanism of fractional reserve banking protected by a monopoly central bank. Jobs was certainly not indifferent to large monetary rewards, but he took the path of a trader - my iPad for your money, if you agree. We always had the right of refusal. With the bankers, we don't. We get robbed just holding it in our hands. The only thing missing from their scheme was apologetics from the economics profession, and they've eagerly supplied it.

Best wishes,

George F. Smith

Commented 4072 days ago

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Beginning of the headline :“Fascism should more properly be called corporatism, because it is the merger of state and corporate power.” Benito Mussolini It would be fortunate for the western world, particularly the United States, if it were “merely” becoming a neo-fascist dictatorship. But since all life forces evolve, particularly those that are evil, the west is actually experiencing something far more pernicious: namely, abanksterist dictatorship, which is en route to something even worse... Read More

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