Saturday, May 15, 2010

US faces same problems as Greece, says Bank of England

It does; a private central bank issuing the public currency at interest. The very nature of such a system guarantees that the debt to the private bank will always exceed the available money supply, enslaving the people and their government to that bank. By any reasonable definition, a private central bank issuing the public currency at interest is a pyramid scheme, doomed to collapse when it becomes impossible to draw more borrowers into the bottom to prop up the top, which is exactly what is happening right now.

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