Ron Paul writes: The updated, total bailout commitments add up to over $8 trillion now. This translates into a monetary base increase of 75 percent over the last two months.
This money does not come from some rainy day fund tucked away in the budget somewhere – it is created from thin air, and devalues every dollar in circulation. Just as alchemists of the past frequently poisoned themselves with the lead or mercury they were trying to turn to gold, today’s bankers are poisoning the economy with accelerated fiat money creation.
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