Fibonacci Financial

Posts Tagged ‘Free Market Money’

Current US Financial Crisis Because

The U.S. Constitution Incorporates a Fatal Error.

That fatal error was investing the federal government with the sole power to mint money.  All of America’s Booms have been followed by painful, destructive American Depressions.  These episodes of personal and business financial destruction were a product, in every case, of the PURPOSEFUL MIS-MANAGEMEMT of the national money supply by world governments or their appointees the central banks.  Listen to what Nobel Laureate Friederich von Hayek had to say:

Hayek’s commentary starts with a quote from the Uber Economist.

“For in every country of the world, I believe, the avarice and injustice of princes and sovereign states abusing the confidence of their subjects, have by degrees diminished the real quality of the metal, which had been originally contained in their coins.”

Adam Smith, The Wealth of Nations, pg. 43

Now LISTEN to Hayek’s remedy to the government’s irresistible abuse of the money monopoly.

“In my despair about the hopelessness of finding a politically feasible solution to what is technically the simplest possible problems, namely the money inflation, I threw out in a lecture delivered about a year ago a somewhat startling suggestion,

That government should be deprived of its [always abused]

monopoly of the issue money!

the further pusuit of which has opened quite unexpected new horizons.  I could not resist pursuing the idea further, since the task of preventing inflation has always seemed tome to be of the greatest importance, not only because the harm and suffering major fluctuations cause, but also because I have long been convinced that even mild inflations ultimately produce the recurring depressions and unemployment which have been a justified grievance against the free enterprise system and must be prevented if a free society is to survive“

F. A. Hayek, Denationalisation of Money, pg. 13

I BELIEVE THIS IS THE ABSOLUTE MOST IMPORTANT ISSUE FOR EVERY HUMAN BEING TO UNDERSTAND.

AS LONG AS WE HAVE CENTRAL BANKING AND GOVERNMENT CONTROL OF MONEY WE WILL NOT HAVE A FREE AND PROSPEROUS WORLD.  ERGO IGNORE THIS TOPIC AT YOUR OWN RISK.

Please watch this video to the very end.  Hayek indicates that after an entire lifetime – he deems this his most important legacy.

Politicians should NEVER be trusted with control of the money supply!

I think the founding fathers screwed up – what do you think?

The question you should be asking is – How can I protect myself ???

Ask Us.