23 Oct '15 02:18>1 edit
Originally posted by KazetNagorraJohn Maynard Keynes:
Of course whodey has a problem with the Federal Reserve. Someone wrote on a blog that it's bad.
In 1919, John Maynard Keynes, later an advisor to Franklin D. Roosevelt, wrote in his book The Economic Consequences of Peace: “Lenin is to have declared that the best way to destroy the capitalist system was to debauch the currency … By a continuing process of inflation, governments can confiscate secretly and unobserved, an important part of the wealth of their citizens … As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless…”
“Without big banks, socialism would be impossible.” – Vladimir Lenin