Showing posts with label silver gold economics. Show all posts

Monday, May 16, 2011

MONEY is DEBT and DEBT is MONEY

Look How Far We Have Come…

By Silver Shield, on May 14th, 2011

The Most Beautiful Silver Coin

I was just thinking about how far we have come in the silver market since I jumped head first in 2005. When I first got into silver, the country was in love with real estate. I saw former car salesmen that could close a paper bag all of the sudden making a quarter million doing mortgages. Money/debt was flowing and times were really good. I questioned what caused these good times and the answer scared me.

I learned that money was debt and debt was money.

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Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” – Sir Josiah Stamp, Director of the Bank of England (appointed 1928) and reputed to be the 2nd wealthiest man in England at that time.