Parasite Class

Parasite Class By Jim Fredrickson on March 5, 2010 | 1 Comment | Edit I recall having many discussions with well-meaning, well-educated friends about the nature of money and banking over the past many years.  Many of these men ardently believed that federal reserve notes are “money”,  that the federal reserve is a national bank operating in the public interest, and that […]

Fractional Banking

Fractional Banking By Jim Fredrickson on March 5, 2010 | 1 Comment | Edit You and I understand what it means to loan somebody something. If a friend or relative asks to borrow $100,  we reach into our wallets and give the money to them. Everyone understands that we will suffer a loss in the event that the borrower fails to return […]

Communism & Capitalism are fraternal twin brothers

Communism & Capitalism are fraternal twin brothers By Jim Fredrickson on October 16, 2008 | Leave a comment | Edit We all know people who cheered the downfall of communism, the “Evil Empire”, some 20 years ago. A uni-polar world of American leadership, a “New American Century” was to commence. Dreams of “peace dividends” abounded…  Peace was at hand, and prosperity beckoned. But something happened […]

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