Maybe we should confess that the young Keynes was right in 1920: "There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose [even retrospectively]." What we are seeing today was inevitable when Hamilton betrayed the Revolution and when Nixon betrayed Bretton Woods. They both set or kept in motion a great meltup and concentration of wealth via "essentially" fiat credit. As Amiel Rothschild is reputed to have said, "I care not who makes the laws, it makes no difference if I have control of [ie. fiat over] the common currency and credit." Trump will betray those who suported him ... but at least they can deceive themselves into thinking he will be different for awhile. THANKS to WH for wringing fanciful lies out of our minds.
Maybe we should confess that the young Keynes was right in 1920: "There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose [even retrospectively]." What we are seeing today was inevitable when Hamilton betrayed the Revolution and when Nixon betrayed Bretton Woods. They both set or kept in motion a great meltup and concentration of wealth via "essentially" fiat credit. As Amiel Rothschild is reputed to have said, "I care not who makes the laws, it makes no difference if I have control of [ie. fiat over] the common currency and credit." Trump will betray those who suported him ... but at least they can deceive themselves into thinking he will be different for awhile. THANKS to WH for wringing fanciful lies out of our minds.