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Re: QE 3. Jim Rogers take – in the first (of 5) segment of the interview – it’s about 3:30 in from the beginning. Turd Ferguson asks him about QE3.
I agree that omitted education is the fundamental problem. Ignorance opens the door to magic and manipulation – no conspiracy required. Pull a coin out of a child’s ear and the child wonders how that quarter got in there. Steal the wealth of a nation and people wonder where all their money went. They don’t know what money is and they don’t understand simple monetary systems.
The ignorant are easily obfuscated. The more confused they become, the harder it is for them to even attempt to understand, and the more easily they are manipulated – "Billy, the mind makes money and it comes out of the ears as coins, the right ear if you’re right-handed, and the left ear if you’re left-handed, but not until you’re 12 – before then it’s just wax."
It seems that one encounters pretended knowledge in so many places these days – the economy, mental health, the university and, most recently for me, website development! Wherever the "high priests" can use their "sacred knowledge" to separate you from your money, they will do so. The chief architects, few in number, are as kindly as your "Uncle Ed" and evil as the night is black. Their underlings are just broken, lost, cowed and obedient. With education, the populace may come to see that these high priests know nothing, and that (oh, dear!) the emperors of the realm are wearing nothing at all!
Perfect. Thanks much Rickets & JAG. I’ll check these out.
His bill asks a committee to look into the development of a state currency, citing the Constitution and Supreme Court precedents to prove the bill’s legality.
I thought Article I, Section 10 of the Constitution prevented states from issuing currency. Anyone know what Supreme court precedent is being referred to?
Could a state bank issue currency?