“This week I found myself in rare agreement with Janet Yellen when she admitted that her economic predictions are likely to be wrong. Sadly, Yellen did not follow up her admission by handing in her resignation and joining efforts to end the Fed. An honest examination of the Federal Reserve’s record over the past seven years clearly shows that the American people would be better off without it. Some say that eliminating the welfare-warfare state and the fiat currency system that props it up will cause the people pain. The truth is the only people who will feel any long-term pain from returning to limited, constitutional government are the special interests that profit from the current system.”
Related posts:
Modern Madness: Saudi Arabia Building Women-Only Cities
Kafka’s America: Secret Courts, Secret Laws, and Total Surveillance
Bill Bonner: $10,000 each in two suitcases
Filling the FATCA void
Bill Bonner: Can the Fed's "Credit Cure" Really Work?
The Wrong and Right Way to Buy Gold, Part III
Fed's 'Elixir' Is Surely a Temporary One
My Answer To A VC's Bitcoin Question
Paul Craig Roberts: Washington’s Latest War Crime
Anthony Gregory: The Twisted Premises Implicit in the Drive for War
Official Report of Israeli Assassinations in Iran
On Syria (and all else), it's 'Us' against 'Them'
Bitcoin Should Get Ready for an Attack
Ron Paul: Iraq, The 'Liberation' Neocons Would Rather Forget
Bill Bonner: Is the economy is weaker than we think?
