http://takimag.com/article/truth_charity/print#axzz1bvz5cjBe
Truth & Charity
by Thomas E. Woods Jr.
August 07, 2009
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The system we have now involves a government-privileged central bank with a monopoly on the creation of legal-tender money, charged with watching over a cartel of ostensibly private but also state-privileged commercial banks. Its debasement of money makes it very difficult for people to save for the future without having to become speculators of one kind or another. A hard-money system, on the other hand, permitted the average person to save for the future simply by accumulating precious-metal coins, which, back in the days when they served as money, held or increased their value over time. Who today would save for the future by piling up Federal Reserve Notes? Society’s most vulnerable now must enter the stock market or take other kinds of risks just to hold on to their wealth. Is this not a moral issue?
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Papal infallibility, I was taught at the Prep and MC, was limited to “matters of faith and morals”.
Here we have the Vatican, as it often does, speak on economics.
Normally, I’d snooze thru these. But, as I’ve gotten older, I’ve seen HOW the manipulation of money screws the little people.
The problem of “poverty”, like we see in Africa, is the corrupt governments. And, the “system” of foreign aid turns the poor into chattel slaves.
And, it just keeps getting worse and worse.
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