Under increased scrutiny, The Daily Bell distinguishes between private and public central banks
In my March 31, 2012 article, An Infowars.com reader realizes what the Daily Bell site is really all about, I pointed out how they are known to fail to distinguish between private and public central banks.
Under increased scrutiny from myself, Anthony Migchels, Memehunter and others who realize what the Daily Bell is really all about, I noticed they are finally drawing a distinction between public and private central banks.
In their April 19, 2012 article, BIS: Asian Central Banks Are Pretty Good!, they refer to “[m]onopoly private/public central banking.“
Predictably, they proceed to bash both in order to direct their readers to a so-called free market gold standard that even Austrian economist Gary North admits has never existed in history, and which I demonstrated is also a fool’s gold standard, just like a so-called government-guaranteed gold standard.
Gary North’s so-called free market gold standard is also a government-guaranteed gold standard, since it relies upon government enforcement of contracts, which is essential to the Money Power being able to enforce their ultimately unpayable debts that accrue compound interest, and collecting your assets once you default.