Читать книгу Building Wealth with Silver - Thomas Herold - Страница 8

I will tell you this up front: in economic, social, environmental and many other terms, we are all in for the biggest ride in history. What you see right now is just the tip of the iceberg. You can compare some events in U.S. history with the Titanic. When she was built she was the biggest luxury cruise ship in the world.

She was built with pride using the best materials available. She was touted as the safest, most luxurious vessel afloat.

People were confident that she could take on the worst weather, push her way through the biggest icebergs and endure through any calamity the seas could throw at her. However, the Titanic was flawed from the very beginning, and it was that initial weakness in her design that ultimately led to her sinking.

Similarly to the story of the Titanic, very proud and intelligent persons in the U.S., along with some equally self-serving advice from their European banking counterparts, engineered a marvel of finance on a grand scale. In 1913 the Fed, which is nothing more than a cartel of private bankers that control the money supply, was sold to an unsuspecting public and their representatives.

An extension of the idea of centralized banking systems that had seen development in almost all western countries during the 18th and 19th centuries, the Fed was seen by many at the time as the stalwart captain at the helm of the ship of money and finance.

The Fed has now run into just the tip of an iceberg that will ultimately sink the U.S. economy and take other economies along with it. Like the Titanic, the Fed has a fatal flaw, possibly the biggest in the history of the United States. Like the Titanic, the Fed's makers and captains have realized only too late the nature of their hubris around this flaw when it comes to navigating the behemoth U.S. economy to safe harbors around the world.