Did the Year 2000 Mark the Debt Saturation Point?
February 08, 2011 at 12:54 PM EST
As I have repeatedly stated, when the “Fed” took over the power to create money in the year 1913, we began the transition from a sovereign money system to a credit (debt-backed) money system. In the beginning, the ratio of sovereign money to debt money was low. Today it has progressed to the point that [...]
