LLR Pages

Thursday, November 22, 2007

Fed-Induced Crisis Spreads to China and Korea

The Federal Reserve's self-induced, self-created crisis has metastasized to China and Korea, thanks to former Fed chief Greenspan and his imperial cronies.

It must be pointed out that the lion's share of the blame goes to all those government-worshiping sycophants -- economists, politicians, think tanks (like CATO, AEI, Heritage, etc.), media (False News, CNN, MSNBC, etc.), financial firms (J.P. Morgan for one), banks (Bank of America, Citibank, etc.) -- who have defended and justified the diabolical, vile, and coercive actions of the Fed. Milton Friedman, despite his great defense of the free market, also shares the blame, as his long-lasting legacy will showcase his propaganda and support for the money counterfeiter that we all know to be the Fed.

(A nod and a round of applause go to LR for bringing this up.)