Wednesday, December 14, 2011

The Banks found a way around the Gold Standard, causing the Great Depression

a very interesting suggestion that THE BANKS, working around THE GOLD STANDARD in the 1920's, caused the Great Depression of the 1930's.

Detlev Schlichter, author of  "Paper Money Collapse", talks about 'the folly of elastic money' and tells how Bank Deposits and Issue Notes were invented as 'money substitutes' so that the money supply was allowed to EXPAND, thus fucking up the world.

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