March 09, 2008

The End of US Hegemony

Posted by Lew Rockwell at March 9, 2008 10:46 AM

The Fed-Wall Street-big bank combine is coming down. As Ron Paul notes, it is crazed financial profligacy that brings down empires. And this time, we also have a central bank with global reach, and no restrictions on its ability to create money. The gradual destruction of the dollar began with the founding of the Fed in 1913. Thanks to Greenspan and Bush, the process could be over by 2013. (Thanks to Tom Lombardi.)


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