First we go throw money at the financial crisis and then when we run out of it, we print some more. Great idea but who’re we trying to fool? We don’t need Nostradamus to tell us that, do we?

Orrin Woodward (celebrated Author of Launching a Leadership Revolution) wrote this on his blog yesterday …

Today, with a heavy heart, I will share breaking news on the immoral monetary activity of the Federal Reserve. Money supply must be tied to economic output of a country or the printed money is merely paper only good for starting fires. …

… I am an American patriot and very proud to be called an American.  Today is the saddest day for me as an American.  The following graph clearly displays that America has chosen to inflate its money supply without real wealth to back the paper money and money credits.  This is immoral in the highest degree.  This is no different than if I owed someone a million dollars and I only had one hundred dollars so I handed him Monopoly money and told him that it was legal tender.  Money should be like a promissory note and that is the true origin of paper money – a promised note to redeem the above legal tender with gold at the owner’s discretion.  This is no longer the case and has proven to be to great a temptation in the hands of our quick fix political leadership.

Read the rest of the post here