"Posterity, you will never know how much it cost the present generation to preserve your freedom. I hope you will make good use of it. If you do not, I shall repent in heaven that ever I took half the pains to preserve it." -John Adams


Welcome to Patriot's Lament. We will strive here to educate ourselves on Liberty. We will not worry ourselves so much with the daily antics of American politics, and drown ourselves in the murky waters of the political right or left.
Instead, we will look to the Founding Fathers of our great Nation, and draw on their wisdom of what it is to have a truly free Republic. We will learn from where our Providential Liberties are derived, and put the proper perspective of a Freeman and the state.
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Saturday, November 19, 2011

Michael Maloney explains how our money works

Tonight I had a discussion with a friend about how debt based money is borrowed into existence in a way that is mathematically impossible to re-pay ... and then how the fractional reserve money multiplier exacerbates this impossibility which speeds the demise of this mathematically unsustainable system.

At the Casey Summit "When Money Dies" Michael Maloney gave the keynote presentation and explained this system better than I've ever seen it done using some cool PowerPoint graphics. He has used this before in other presentations and I've included a YouTube video of it below.

The most important takeaway from this is that there is no way to "save" the current system. It is impossible. It was impossible from day one. At best the day of reckoning can be pushed back (and consequently made that much worse).

I do not necessarily agree with his use of technical chart analysis or his characterization of wealth cycles, but his understanding and explanation of the current money system is second to none. Enjoy!



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