24 September 2013


Since banking is not a business that creates real wealth, it can only enrich its owners by taking money from other people. It does that by: (1) printing money (and buying the banks’ deadbeat assets); (2) fixing interest rates at artificially low levels (taking money that should rightfully belong to savers); and (3) generally encouraging inflation to rob everyone.
Bill Bonner explaining that the Fed is a vast cartel charged with making for its members and clients.

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