Monday, January 12, 2009

Central Banking Explained

This is a piece by an Australian TV show Newstopia doing a spoof on the RBA (Reserve Bank of Australia). This would be really funny, only if it were not true. But, sadly, this is what central bankers today are doing upon whom we are all (including the governments) relying so much to "save" the economy. The words spoken at the end are entirely correct - all fiat currencies today, completely delinked from Gold since 1971, are essentially worthless pieces of paper.

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