Tuesday, January 15, 2008
Federal Reserve and Real Estate
The best business idea of the century was creating the ultimate "unfair advantage." J.P. Morgan and Rockafellow accomplished this by creating the Federal Reserve system and central bank in 1917. They earn interest on 20% of our $6 trillion dollar national debt and control world financial markets and the US economy. Money has depreciated 300% since 1974, as the federal reserve system inevitably lead to getting off the gold standard. Why is it crazy not to be investing in real estate? Not investing in real estate or some systematic business is modern serfdom.
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