Comments

Where 140 characters (@michaeljung) are not enough
and a blog post (michaeljung.wordpress.com) would be a waste.

http://www.michaeljung.co.uk

The Ten Crack Commandments (and the Notorious F.E.D.)

Fiat money is like crack. It’s produced cheaply by a central bank cartel whose members will compete and go to war with each other for production and distribution rights. But, when the bond vigilantes come a knocking, the central banks will circle the printing presses to defend the product. When viewed through the lens of a common street hustler, the global central banking system reveals itself to be just that: a hustle. Learn the hustle and you have a chance at profit. Ignore it, and you will lose.

The late Christopher Wallace, a/k/a, the Notorious B.I.G. a/k/a Biggie Smalls, wrote the definitive street hustler manual with the Ten Crack Commandments. As we’ll see, the Notorious F.E.D. is a devoted disciple.

parislemon: Treasury to unveil new $100 bill Not sure how I feel about this. Soon, our money really will be Monopoly money. As far as I read in the press (2008 - onward), there are certain people in the world who see it as their monopoly money … playing games. And it is actually true, the monopoly has the Fed - printing the money.

parislemon:

Treasury to unveil new $100 bill

Not sure how I feel about this. Soon, our money really will be Monopoly money.

As far as I read in the press (2008 - onward), there are certain people in the world who see it as their monopoly money … playing games.

And it is actually true, the monopoly has the Fed - printing the money.

‘This man is a genius’

[John Forbes Nash, Jr.] has also developed work on the role of money in society. In the context that people can be so controlled and motivated by money that they may not be able to reason rationally about it, he has criticized interest groups that promote quasi-doctrines based on Keynesian economics that permit manipulative short-term inflation and debt tactics that ultimately undermine currencies. He has suggested a global “industrial consumption price index” system that would support the development of more “ideal money” that people could trust rather than more unstable “bad money”. He notes that some of his thinking parallels economist and political philosopher Friedrich Hayek’s thinking regarding money and a nontypical viewpoint of the function of the authorities. (Link)