Tuesday, March 6, 2012

When politicians take control of central banks


The following quote from James Turk sums up our situation quite nicely:
The rule of law has basically been thrown out the window. Money printing is the order of the day. And when politicians take control of central banks, which they have done in the United States and they are also doing in Europe, that basically destroys the currency. It puts the currency on the road to what I call the Fiat Currency Graveyard, so I expect there are going to be massive currency problems as we go forward. The financial crisis that we have been dealing with for the last several years has not been solved.
It comes from an interview/discussion between Chris Martenson and James Turk. Both are on top of what is happening so they are worth listening to.

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