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The Demise of Money and Credit

This is an excerpt from an article by Lewis E. Lehrman we wanted to share.

“Central banks worldwide, led by the U.S. Federal Reserve, mint new money ceaselessly to bail out insolvent governments, insolvent banks, and insolvent but politically powerful corporations and labor unions.  This new money goes first to the insiders in the financial sector, who exchange the cheap credit for commodities, stocks, and real estate at ever-rising prices.  This is the so-called carry-trade, monopolized by a financial class that uses free money from the Fed to front-run the authorities for insider profits.”

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