Steve G.

Bernanke admits, celebrates connection between fiat money and war-making

In Uncategorized on June 12, 2008 at 7:01 pm

While dedicating the new Kansas City Fed building, Bernanke said:

“Considering the Federal Reserve’s history, this location is a most appropriate site for a Federal Reserve Bank, with its new neighbor being the National World War I Museum at Liberty Memorial. Those who have an appreciation of U.S. history know that the Federal Reserve played an important role in support of the funding of the First World War and that the war forced the early Federal Reserve to contend with an uncertain global environment with wide-ranging monetary and economic ramifications.”

For once, a truth teller at the Fed.

  1. I’m tempted to say, more like stopped-clock syndrome.

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