"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises

Thursday, December 2, 2010

Ron Paul on the $3+ Trillion Global Bailout by the Federal Reserve

Ron Paul, being honest as usual...

He also says he is making the assumption that he will be the chairman of the House Financial Services Committee, which oversees the Federal Reserve. Let's hope so.

The global banks and the Federal Reserve make the former USSR's command economy look like amateur economics.  These Banksters know how to command and control an economy, and unlike their former inspirational comrades of the USSR, they're not happy to just reside in some dusty dachas either.  These guys have more ambition and motivation for acquiring bling at any cost (private planes, yachts, multiple homes), than gangsta rappers ever had.

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