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You are here: Home / Federal Reserve / The Death of the Dollar (Part I)

The Death of the Dollar (Part I)

June 1, 2015 by Larry Parks

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Whenever the monetary authorities were able to create money out of nothing, there always came a time when they could not resist the temptation to overissue. What makes our monetary authorities different from those of the past? The Catholic Church has a line for this, and the Catholic Church has this exactly right: “In the face of temptation, reason succumbs.” This lecture was prepared circa 2009.

More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11
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Filed Under: Federal Reserve, Investment Gold, Monetary System, Videos

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Meaningful Insights

“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interest, combined in one mass; and held together by the cohesive power of the vast surplus in banks.” 

— John C. Calhoun,  Speech 5/27/1836

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