Here’s a great video in which Bill Fleckenstein explains the root cause of soaring prices in practically everything to Dylan Ratigan .
Not surprisingly, all roads lead right back to the FED…
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By the way, anybody that thinks printing money is without consequences needs to have their head examined.
Which is exactly, I think, what John Adams was getting at when he wrote the following long before the Federal Reserve ever existed:
“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.”
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