"The mind is a compact, multiply connected thought mass with internal connections of the most intimate kind. It grows continuously as new thought masses enter it, and this is the means by which it continues to develop."

Bernhard Riemann On Psychology and Metaphysics ca. 1860

Today's Elites


Saturday, January 04, 2014

Money per se is a political fiction by definition.

Money per se is a political fiction by definition. That which sustains a nation's population is physical production, energy, infrastructure and technological advancement in these categories. A sane policy will seek to have a banking system that fosters rapid growth of these sectors. This is precisely what the genius of Alexander Hamilton accomplished upon the retirement of the USA revolutionary war debt. Today we have thrown this principal away by having a banking system that is beholden to a criminal speculative looting of these very same sectors. The repeal of Glass Steagall was the final nail in the coffin that delivered our economy to the "too big to jail" financiers' diabolical machinations.As Jacques Attali, the permanent Presidential adviser in France recently noted " the only difference between Madoff and the Western governments is that Madoff is in jail."


No comments:

Post a Comment

Blog Archive