Wednesday, June 25, 2008

A Depression Not A Recession Is Coming

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 - and 321gold

Posted by malct @ 10:59 AM (679 views)
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One thought on “A Depression Not A Recession Is Coming

  • Top-draw analysis from Schoon as per usual.

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