Thursday, July 30, 2009

Spitzer: Federal Reserve is 'a Ponzi scheme'

I've always realized that money is fundamentally an abstract tool, that is only as (relatively) good or evil as the actions of the people using it.

After all, it is the love of money that is the root of all evil. Money is a necessary & defining characteristic of human society, but unfortunately human greed must inevitably exist side-by-side.

The problem is that once you get to the massive volume of 'money' that governments & central banks deal with, it begins to resemble a super-human abstract game that has real risks. It's like the South Park epsiode where they brilliantly showed the inside of the Treasury as a game wheel w/ a decaptitated chicken.

When I read something like the Matt Taibi article about Goldman-Sachs, & it makes the whole financial system just seems like craziness to me.

It's been interesting to see that Eliot Spitzer, who resigned after his embarassing revelations, has come back out swinging at the financial sector. Now that he has nothing to lose, he can talk about the real dirt that is going on while most people & their government turn a blind eye.

I heard him talking on one of the news channels about different policies & I thought he was right on... even if it's tough to get past the sickening image of hookers & tube socks.

Fed's Bank Aid is 'Same Scam'

Now his bold declaration that the Federal Reserve is an elaborate scam echoes what people like Ron Paul & Dennis Kucinich have been talking about.

People who advocate for a completely unregulated free market are also advocating for human slavery- because that is the logical consequence of reducing all of life to commodities.

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