Richard Belzer was a guest on Real Time with Bill Maher last night and made a point to bring up the creation of the Federal Reserve at Jekyll Island and the total control the banking system has over the U.S. government. It was a brazen move and Bill Maher was quick to move to another subject, but kudos to Belzer for touching on such an important topic in front of millions who were probably hearing it for the first time. For a full uncensored history of how the Federal Reserve was created, Edward Griffin’s book “The Creature from Jekyll Island: A Second Look at the Federal Reserve,” is a must read.
Some readers have been asking me if it is too late to jump on the gold bandwagon, given that gold just hit an all-time high. Of course, it is an all-time nominal high, which is not an apples-to-apples comparison with historic pricing. They say a picture is worth a thousand words, so for those questioning whether we might be near an end to the bull market in precious metals, I’ll let the following chart speak for itself. And keep in mind, U.S. debt and money supply are at much higher levels than during the 1979-1980 spike that you see below.
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