Lessons from the Japanese: Time to Stop Borrowing Money and Start Printing It

Ethical MarketsReforming Global Finance

Ellen Brown, November 27th, 2009
http://www.webofdebt.com/articles/lesson_japanese.php

“We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon.”

Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, 1934

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