Saturday, October 31, 2020

Tag: Financial Capitalism Gone Amok: Ultra-low Interest Rates and Price Bubbles

Financial Capitalism Gone Amok: Ultra-low Interest Rates and Price Bubbles

by Prof Rodrigue Tremblay, Global Research:

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” — Ernest Hemingway (1899-1961), (September 1932)

“Armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few.” — James Madison, (1751-1836), 4th U.S. President, (April 20, 1795)

“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” — Thomas Jefferson, (1743-1826), 3rd U.S. President