The Immorality Of Paper Money
Submitted by Tyler Durden on 07/15/2014 - 19:29
One of today’s most common economic fallacies is that the soaring stock market is evidence of economic recovery. Nothing could be further from the truth. The Fed’s balance sheet has grown more than fourfold since 2008 — to $4.3 trillion — and was used to prop up the “too big to fails.” That money had to go somewhere. Paper money promotes the “quick buck” syndrome like narcotics peddling and hookers on the streets. In a paper money society, the social order visibly deteriorates. Fiat promotes an illusory reality where non-substance like financial speculation and gambling replaces the substance of industrial production and long-term value.
http://www.zerohedge.com/news/2014-07-15/immorality-paper-money
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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