Thursday, November 1, 2012

Great - We Got a Closeted Muslim for President and a Red For Big Swingin' Dick of the Fed...

"But in the aftermath of the financial crisis Bernanke is, in effect, dictating the price of all money, regardless of duration." - the Gospel according to Forbes

And on the other side of the coin where public sector employee unions are concerned:

"Many police and firefighters make more in retirement than they did working. Moreover, a majority of them get to retire at age 50 or so, provided they put in 20 years." - the Gospel according to Mish
 "If one really wants to understand "gross inequalities in income distribution" one needs to understand precisely how and why that happened. Here's a hint. Lack of unions had nothing to do with it. Fiat money does. So does fractional reserve lending."
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild

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