1.13.2011

Present-day proverbs

Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.

- Norm Franz

What are central bank notes? The money of fools?

1 comment:

Independent Accountant said...

WCV:
I call them "I owe you nothings".

More stuff that broke around 1971

We've noted before  that a bunch of economic trends turned bad when Nixon closed the gold window and we launched into the current pure f...