Posts Tagged ‘counterfeit’

“If you want a real financial catastrophe – France 1790-1797, Weimar Germany, Argentina, Brazil, Zimbabwe – you need fake money.

Teenage boys should never be given a fifth of whisky and the keys to the family car. Adults should never be authorized to counterfeit money.” -Bill Bonner

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“Whence cometh the money used by central banks to acquire equity stakes in real businesses?  If they got it by honest toil in the vineyards and coal mines of the banking industry, we could have no objection. It is theirs to do what they want with… But…Central banks didn’t earn it honestly. They simply digitized it into existence. And what gives them the right to create money, like counterfeiters?” -Bill Bonner