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News Link • Federal Reserve

A Conspiracy of Counterfeiters

• by Patrick J. Buchanan via

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."

"Lenin was certainly right," John Maynard Keynes continued in his 1919 classic, The Economic Consequences of the Peace.

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

Keynes warned that terrible hatreds would be unleashed against "profiteers" who enriched themselves through inflation as the middle class was wiped out. And he pointed with alarm to Germany, where the mark had lost most of its international value.


2 Comments in Response to

Comment by Olde Reb
Entered on:

 well, the link did not work after following the instructions. it is  www dot scribd dot com slash doc slash 62167283.   good luck.
Comment by Olde Reb
Entered on:

 the public image is that government profits from inflation as Pat states.  In truth, it is the Fed that receives the benefit.

The Fed creates book-entry money when they receive a Treasury security as collateral for a "loan."  When the "loan" matures, the fiat money spent by the government must be re-collected and used to redeem the security held by the Fed. The Fed receives the fiat money.

In actual practice,  the government issues another Treasury security to roll-over the maturing security. The new security can then be sold, but in reality, the Fed sold the original security at the auction. The FRBNY handles all of the documents for the auctions. The Fed hid the $8.4 trillion from the auctions last year from Congress.  Hiding money due the government is embezzlement.  Ref.  link text    or search for CRIMES OF THE FEDERAL RESERVE  or RIP OFF BY THE FEDERAL RESERVE. if the link does not work.

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