Sunday, 10 August 2008



THE MOGAMBO GURU 
Fractional-reserve 
banking at its finest
 
The money mills at the US Federal Reserve, which has now dedicated about 11% of GDP to keeping financials afloat, are churning ever faster, spewing out more cash that multiplies and multiplies - until the economy will collapse from ruinous inflation. All that money, yet we are getting poorer by the day. (Aug 8, '08)