"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible — but there it is." – Robert H. Hemphill, Federal Reserve Bank of Atlanta
Jim’s Quote of the Day:
- Ad California Legal Rifles & Pistols!Get the firepower necessary to survive in restrictive states! WBT offers California & other state compliant rifles from any brand you want.
- Ad Civil Defense ManualHow to protect, you, your family, friends and neighborhood in coming times of civil unrest… and so much more, Go to www.civildefensemanual.com for contents.