The monetary world I saw coming to pass in the mid 1980s is now upon us. See below. Oh how I wish bankers like Mick Guttau, now Chairman of the Federal Home Loan Bank of Des Moines, had listened back then – when I tried to warn him. The future is not looking prosperous folks. Since the mid 1980s this system has given us a false reality of “prosperity.” If your bank does keep its doors open – the value of your savings held in it will likely be greatly diminished.
When North writes, “The banks’ account books are lying. The regulators know this. They do nothing about it until a bank simply cannot do business any more.” – I can vouch for that. I saw it as a regional phenomenon in the 1980s, dealing with those regulators. Then, they just re-inflated us “out of” the mess at the time. In reality, they only made it worse. Now the inflation is global. Today the only ones left inflating are governments. This will only last so long and then the government(s) will be destroyed or “re-defined”.
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