“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
I think it’s safe to say we are (and have been for some time) in an inflationary period in our nation’s history. The question then becomes a matter of when, not if, the deflationary period will actually come…and come it must.
The money-changing Keynesians have once again been backed into a corner as they have been so many times throughout history. What are their only options to solve the crises that they have created? The same as always- (1) debasement of the currency, (2) mis-information about the debasement of the currency, and (3) war.
