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"The Nixon recession" - Lew Rockwell interview

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posted on Aug, 17 2011 @ 01:09 AM
RT America interviewed Libertarian thinker Lew Rockwell as he discussed the monetary crisis. Some notable highlights:

• US Dollar has plummeted 98% since Nixon took us off gold standard
• Nixon took US Dollar off of gold so as to create inflation to get re-elected and hit it with price controls
• Nixon “cut the leash” on wall street and the big bankers
• More Fed lowers interest rates the more booms and busts
• We need a free-market gold standard
• Ron Paul’s proposal of competitive currencies is a good baby-step forward
• Both parties follow the economics of John Keynes
• US will not default because Fed will print enough to pay everyone but will destroy dollar
• Both parties are in bed with big banks against the interest of Americans and all people of the world
• To get out of recession/depression we must have liquidations
• We need massive bankruptcies for us to return to growth and prosperity
• Fractional reserve banks are bankrupt today anyway but use false counting standards

I thought Rockwell did exceptionally well at explaining our current conundrum and the best path out of it, which of course the large multinationals and bought out politicians would hate. It was a great interview and definitely worth watching.

edit on 8/17/2011 by Misoir because: (no reason given)

posted on Aug, 17 2011 @ 01:47 AM
Giving this thread a bump.


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