2010-08-28thedailybell.com

The Daily Bell folks think the global elites are losing control, due primarily to the internet (in concert with the economic crisis they themselves brought about, intentionally or otherwise).

In both Europe and America the same question arises: How can tiny groups of men (central bankers) predict the volume and rate of money necessary for complex economies? In fact, they cannot. Central banking is a form of price fixing that ultimately causes queues, scarcity, rationing and economic ruination. Sometimes those in charge of this perverse system can "re-stimulate" by printing yet more money but not in this case. In this case, as we have argued previously many times, the bust is a generic one. Fiat money itself – and especially the reserve currency of the dollar – has been compromised. Inevitably, some sort of new economic and monetary system is going to arise.


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