Tag Archives: federal reserve
In Mob We Trust
“Democracy is a pathetic belief in the collective wisdom of individual ignorance,” – H.L. Mencken Democratic Collectivism With the possible exceptions of love and war – or a residential real estate bubble – there’s nothing like the promise of election … Continue reading
“The Bank Was Saved, and the People Were Ruined”
“The Bank Was Saved, and the People Were Ruined” By Jeff Thomas, International Man The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States … Continue reading
When the Gravy Train Jumps the Tracks
The future consequences of all that has been done to the financial system and the economy over the last four years – from late 2008 to the present – are largely not understood. There seems to be some broad impression … Continue reading
Helping the World Ruin Itself
“Iacta alea est.” – Suetonius to Julius Caesar, upon crossing the Rubicon, January 10, 49 BC Yielding to Political Will Yesterday brought forth new evidence that man, despite his better judgment, will nearly always yield to political will. Several months … Continue reading
