Monetary Realism

‘Those unaware are unaware of being unaware.’
— By Merrill M. E. Jenkins, Sr., M.R. (1919–1979)

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Henry Ford

These items contain straight talk about one of the most — if not the most — important issue we face as a civilized people: Money.

Many of these items (especially those by Merrill Jenkins, Amos Bruce, and Dave Wilber) as originally published were typographical disasters. Subsequent scanning has not done the typesetting — or the content, for that matter — any favors. You can find scraps here and there around the web, not all of them formatted very well. I’m in the process of cleaning up the formatting a bit, and making them available here because every American should read and understand the Monetary Realists’ position.

Wondering why any of this is important? Check out these 75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe.

Want a graphic illustration of what happens when someone points out the emperor has no clothes? Check out the reaction to David A. Stockman’s book, The Great Deformation: The Corruption of Capitalism in America.

Our current monetary policy allows those in power to create money out of nothing, lend it to others, and then collect interest on it.