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by agentultra 1477 days ago
I'm not defending it as a perfect system.

I am criticizing the implication that the banking system is run by vast conspiracy and that the gold standard was a better system.

1 comments

> For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence--on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.

> John F. Kennedy, 1961

What does that presidential address have to do with goldbuggery?

Kennedy was talking about the Cold War and the need for and limits of secrecy in governance during times of war.