Open World News Bits of World Open Source Intell News of Particular Importance
Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government’s promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. - Allen Greenspan
Draconian measures by the State against the masses require the cooperation of the masses. This is the essence of political submission, and therefore, it is the foundation of the ruling "elite's" plan to achieve a
complete global economic and total control reset. — Gary D. Barnett (LewRockwell.com)
Baby Frog: Mama, who is smarter- a chicken or a frog? Mama Frog: We are of course!!
Baby Frog: How do you know? Mama Frog: Well, who ever heard of Kentucky Fried Frog?
- - -
Why are frogs so happy? They eat whatever bugs them!