In our election manifesto is: we keep the right to create money and to bring in circulation, for the cause of the government ... Those who do not share this view, reply us to the issue of paper money is for the banks, the government should stay out of the banking business. I agree with Jefferson's opinion ... and just like him I say again: the issue of money is a matter for the government and the banks should stay out of government activity.
At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid.
By: James Buchan
The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this time, its not just one giant insurance company (and its banking counterparties) facing disaster, its tens of millions of hardworking Americans who played by the rules.