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Read about John Law's trick in 1705.
Learn how he tried it later and totally destroyed France's economy in 1719.
The French did exactly what we are doing now in all nations with fiat money, and when they reached the point where we are now, they crashed. John Law simply used dirt far away to back up his funny paper.
The curious thing is, Law fully believed in what he was doing. He died having investing ALL of his worldly wealth in his scam.
We often think the Fed and our leaders are in a controversy to rip us off. We need to understand that men are stupid enough to be fully committed to an insane idea-- even well trained men in high finance.
The wise man stands aside, and he finds something else, anything real, to convert his assets into-- real estate is the safest thing, IF you own the deed to the dirt. If you buy a share in anything not in your possession, it can disappear in a flash during a crisis.
Matthew 6:19 (KJV) Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
20 But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
So, it is the wisest thing to do is to send your treasure ahead before you die. That means converting your cash and assets into good works for Christ. This, I realize, is very terrifying to you capitalist readers. Pity that.
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Saturday, January 29, 2011
The Federal Reserve Ponzi Scheme Is Nothing New
Posted by creation of the nation at 5:56 AM
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