Kreditism istället för Kapitalism.. Richard Duncan förklarar

Richard Duncan förklarar:

"Capitalism, or growth by honest savings, investment and production -- perished in the late '60s as the Bretton Woods system crumbled. Creditism, a system that relies on ever-increasing credit and consumption for growth, emerged in its stead.

The transition was subtle. As Richard explains, after World War II, the Federal Reserve was required by law to maintain a 25% gold backing for all of the dollars issued. That served as a check on the number of greenbacks the Fed could conjure into existence.

That is, until the "guns and butter" policies of Lyndon Johnson and Richard Nixon. They needed to spend more than the gold standard allowed them to. So they leaned on Congress to nix the law requiring gold backing altogether, essentially giving a carte blanche to the Fed."

Peter Schiff Radio Show

Idag lyssnade jag på avsnitt som sändes den 16 april 2012 där Richard Duncan medverkade. Klart lyssningvärt, tyvärr avbryter Peter folk jämt och ständigt, men kan man bortse från det så innehåller programmet mycket bra. Det intressanta är att dom har samma grund men olika lösning på det som väntar.
Båda har många bra poänger. Värt att lyssna på och bilda dig en egen uppfattning.

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