** THE CURSE OF FIAT MONEY, AN EVIL SOURCE OF SUFFERING IN THE WORLD ** with Dr. Thorsten Polleit
Dr. Polleit is an acclaimed Austrian Economist. He is an expert in International Banking and is an Honorary Professor at the Frankfurt School of Finance & Management.
Are Banks treated as a specially privileged type of business?
Yes, indeed they are! Central Banks and their cartel of private banks are very ‘special’. They are an infinite supplier of money to Governments all around the world, and all Governments treat them like their own Never-Ending-Checking-Accounts. Fiat money is created out of thin air only backed by the power of Government itself.
Imagine if YOU had a checking Account that would never run out!
But don’t we need a Central bank?
Isn’t it vitally important that we have Central Banking, Fiat Money and a Fractional Reserve Credit-Creation-System to avoid the dreaded BUST of the mysterious Boom and Bust Business Cycle?
The Answer is NO!
First, there is no mystery, this is not Rocket Science; the Boom & Bust Cycle is caused by the Central Banking System and second, it is not the Bust that we should fear but the Boom!
Finally, you will learn that there IS A SOLUTION that will cure these abuses and the crises they create and prevent them from ever happening again!
Please join us on Saturday, April 30th, 2011 for a vitally important interview with Professor Thorsten Polleit. With Radio Free Market Executive Producer and Guest Host Professor Patrick Barron.