''Whose Interests Will the Fed Always Protect?''

an excellent sunday morning read..............From GoldSeek
By Gary North

''Central banks adopt policies favorable to large commercial banks. They sacrifice the interests of politicians whenever the politicians' goals seriously threaten large commercial banks' goals.

The hard money movement in the United States is presently experiencing a kind of intellectual schizophrenia. First, it has long taught that central bankers favor the goals of large commercial banks. Second, it has also taught that governments will eventually run up debts so large that only hyperinflation can save the politicians' hides from the voters, by concealing the reality of government default by hyperinflation.''

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