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To: arrogantsob

Central Banks that depend on FIAT ARE socialist, to the core.

They DEPEND on the ever expanding debt and credit bubbles to prop up their “precious” fiat. Since when is the private sector and the government sector being BOTH in debt up to their eyeballs,... capitalist? Since when?

Debt slavery is NOT capitalism.


15 posted on 08/09/2011 8:12:20 PM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers

Credit has been one of the engines of capitalist growth. In fact, real capitalism did not take off until the Italians invented banking.

And, no, central banks don’t become socialist just because you call them that.


25 posted on 08/09/2011 8:53:06 PM PDT by arrogantsob (Why do They hate her so much?)
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