24 June 2019
In his paeans to price-fixing and central planning, Fed fan Justin Lahart (Wall Street Journal weekend edition 6/22-23) glosses over the Federal Reserve’s many failures, exaggerates the extent of alleged 19th Century panics, and ignores the F’eral Reserve System’s greatest crimes.
In addition to facilitating intervention in World War One, thereby spawning both Nazi and Soviet horrors, it has inexorably gouged out about 98% of the value of the US Dollar. Prior to its steady loss of value since 1913 the American Dollar gained purchasing power throughout the late 19th Century, as an unrestrained free market unleashed unprecedented improvements in manufacture, transportation, and hygiene.
The full extent of these banksters’ larceny has been largely disguised by continuing gains in productivity. Nevertheless, hapless savers are faced with the prospect of watching their life’s work evaporate, or be thrust into a speculative arena where many do not belong, or put their trust in a “certified financial planner.”
Nah… Give me guns, gold, and garden tools.