Wednesday, Jun 25, 2008
A Depression Not A Recession Is Coming
financialsense: The United States Fiat Money
AN ECONOMIC COLLAPSE IS HAPPENING
Darryl Robert Schoon
Central banks are the mechanism by which society’s productivity is drained and indebted. Credit-based money issued by central banks turns into debt, debt which immediately begins to accrue compounding interest paid by productive members of society, e.g. workers, businessmen, farmers, savers and taxpayers. The interest, of course, is paid to bankers, non-productive members of society.
also on reddit silobreaker kitco digg and goldseek - http://www.survivethecrisis.com/ and 321gold
Posted by malct @ 10:59 AM (286 views) Add Comment
1 Comment
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1. harold said...
Top-draw analysis from Schoon as per usual.