Obama’s financial reform

Obama yesterday signed laws with more government controls of the cartel of financial institutions organized under the Federal Reserve.

The members of the cartel are, together with the FED, enjoying the privilege of creating credit out of thin air in exhange for debt financing the governments expenditures for wars and the ever expanding welfare state.

The credit expansion provides moral hazards for both the government and the cartel members and Obama now tries to fix the creaking and breaking system to continue stealth financing his welfare promises and wars out of peoples savings in his election period.

Tips oss hvis dette innlegget er upassende

Filed under: on July 22, 2010 at 9:46 am Comments Off

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