nakedempire


The American Empire in a Changing World



Pages

Saturday, November 12, 2011

"Ineptocracy"

from dailyreckoning.........


"Ineptocracy (in-ep-toc'-ra-cy) - A system of government where the least capable to lead are elected by the least capable of achieving, and where the members of society least likely to succeed or even to sustain themselves, are abundantly rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
The Ineptocrats and their dependents have long figured out how to bleed others dry without confiscating gold. But there is another kind of risk gold owners face. One much more worth thinking (and reading) about.
It has to do with the Gold Matrix. Not the movie The Matrix, where a computer nerd comes to realise the world we live in is a computer program created by machines that now rule the earth. If it was about that Matrix, we'd write about people suddenly waking up to the reality that fiat money is a scam. That fractional reserve banking is a fraud. And that interest rate setting by a central bank causes the business cycle".............READ MORE

No comments:

Post a Comment