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 Post subject: The Goldsmiths--Part I
PostPosted: Mon Aug 18, 2008 10:21 pm 
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Yes, the real problem has been and is with the American political leaders who have willingly debased and corrupted the American money system (in order to get votes and be re-elected). And it is the plutocratic rulers who supply much of the money to politicians for them to be re-elected. Tragically, many Americans are obsessed with the nonsense that the US is a republic or democracy. The truth is that it is a plutocracy ruled by the super rich, many of whom are goldsmiths/bankers.


http://www.sott.net/articles/show/164069-The-Goldsmiths-Part-I

A long read but I found it to be quite interesting.

Crimson.

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PostPosted: Tue Aug 19, 2008 1:20 pm 
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Yes....modern banking practices were started by goldsmiths who kept peoples gold for them.

It is my opinion that much of the current crisis is caused by going off of the gold standard during Nixons tenure. This enabled the Fed to create fiat money (money created from thin air with nothing backing it up) to their hearts content. It is the infusion of fiat money that devalues the currency via being an engine for inflation.

This is also the time period that the practice of shocking nations and privatizing their resources started gaining a great deal of traction. There are thirty six victims scattered throughout Central America, South America, Africa, and Asia.

It takes a book to explain this practice. 'Confessions of an Economic Hitman' and 'The Shock Doctrine:The Rise of Disaster Capitalism' are both very powerful and excellent reads.

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"If the people allow private banks to control their currency the banks and corporations will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." - Thomas Jefferson


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