Deflation Hoax or Inflation Hoax?
Whether Or Not We Like It
Whether Or Not We Like It
....
The history of irredeemable fiat currencies clearly illustrates that the compounding of accumulated debt always denigrates into bondage and ultimately to the conquest of complete debt-slavery.
In a recent interview between two notable market commentators, Dr. Robert McHugh, a former banker, explains to Jay Taylor exactly how this insidious process is enacted on a naпve and unsuspecting populace;
Taylor: I was greatly impressed by an insightful article I found back in 2005 on the Internet titled, "The Feds Are at It Again. What Do They Fear?" It was written by Dr. Robert McHugh, who was, just as I was, once a banker before he became a newsletter writer. Unlike your writer, who worked for well-established foreign multinational banks in New York, Robert actually founded a local community bank in Eastern Pennsylvania that ultimately became known as Main Street Bancorp. Talk about a "ground floor" opportunity; as one of the founders of the bank, Robert was one of 13 employees when it started. From zero deposits, the bank grew to $3 billion in deposits and had 500 employees when management chose to sell out in 2000 because they believed the economy looked like it was ready to head south.
McHugh, after acknowledging that government manipulates metals markets, goes on to explain,
McHUGH: Well, I'm a renegade banker. I have sat in at meetings where the Federal Reserve came in, sat down and "said stop lending, we think there is a recession coming." The very fact that we were told to stop lending caused a recession. That happened in 1990-1991. Word of that finally hit the mainstream media and one of the first acts Clinton did was that he grabbed the regulators by the throats and said, "why don't you let the bankers start lending again." The next time they came in, they told us to start lending.
They have that kind of power. They decide when recessions and depressions happen. They decide when hyperinflation happens.
They can do it through a lot of different tools. The hidden one is the regulatory agencies where they come in and intimidate bankers and tell them what to do. They have a lot of power. They can have the boards of directors of banks thrown in jail. They can have people fired. They use those powers behind the scenes, nobody knows about them. As a banker, I have seen the dark side of the Fed.
The history of irredeemable fiat currencies clearly illustrates that the compounding of accumulated debt always denigrates into bondage and ultimately to the conquest of complete debt-slavery.
In a recent interview between two notable market commentators, Dr. Robert McHugh, a former banker, explains to Jay Taylor exactly how this insidious process is enacted on a naпve and unsuspecting populace;
Taylor: I was greatly impressed by an insightful article I found back in 2005 on the Internet titled, "The Feds Are at It Again. What Do They Fear?" It was written by Dr. Robert McHugh, who was, just as I was, once a banker before he became a newsletter writer. Unlike your writer, who worked for well-established foreign multinational banks in New York, Robert actually founded a local community bank in Eastern Pennsylvania that ultimately became known as Main Street Bancorp. Talk about a "ground floor" opportunity; as one of the founders of the bank, Robert was one of 13 employees when it started. From zero deposits, the bank grew to $3 billion in deposits and had 500 employees when management chose to sell out in 2000 because they believed the economy looked like it was ready to head south.
McHugh, after acknowledging that government manipulates metals markets, goes on to explain,
McHUGH: Well, I'm a renegade banker. I have sat in at meetings where the Federal Reserve came in, sat down and "said stop lending, we think there is a recession coming." The very fact that we were told to stop lending caused a recession. That happened in 1990-1991. Word of that finally hit the mainstream media and one of the first acts Clinton did was that he grabbed the regulators by the throats and said, "why don't you let the bankers start lending again." The next time they came in, they told us to start lending.
They have that kind of power. They decide when recessions and depressions happen. They decide when hyperinflation happens.
They can do it through a lot of different tools. The hidden one is the regulatory agencies where they come in and intimidate bankers and tell them what to do. They have a lot of power. They can have the boards of directors of banks thrown in jail. They can have people fired. They use those powers behind the scenes, nobody knows about them. As a banker, I have seen the dark side of the Fed.
Не ме разбирай погрешно. Всяко нещо си има цена. Моята цел като спекулант е да купувам евтино и продавам скъпо. Златото на този етап за мен е скъпо. Не съм безгрешен и мога да бъркам но това е личното ми мнение и стоя зад него.
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