28 May '14, 2am

Why the US dollar collapse is assured

The first three central banks of the U.S. collapsed amist high inflation and economic chaos MYTH ACCEPTED AS HISTORY The accepted version of history is that the Federal Reserve was created to stabilize our economy. One of the most widely-used textbooks on this subject says: "It sprang from the panic of 1907, with its alarming epidemic of bank failures: the country was fed IT once and for all with the anarchy of unstable private banking." Even the most naive student must sense a grave contradiction between this cherished view and the System's actual performance. Since its inception, it has presided over the crashes of 1921 and 1929; the Great Depression of '29 to '39; recessions in '53, '57, '69, '75, and '81; a stock market "Black Monday" in '87; and a 1000% inflation which has destroyed 90% of the dollar's purchasing 3 power. Let us be more specific on that last point. By...

Full article: https://bitcointalk.org/index.php?topic=626337.0#msg6980036

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