>>...in 1950, the amount of money we had in this country was
>>about $150 billion, according to the Federal Reserve. As
>>we talk, it is about $8.3 trillion. It went from $150 >>billion to $8.3 trillion — all created out of nothing and
>>without work.
"All created out of nothing and without work"??? ROFL.
Where did the $150B extant in 1950 come from then? Ah, for the good old days when people actually worked! (s)
Wealth must be created, and much wealth has been created through toil and innovation over the past 52 years. I assume that Parks thinks that he and his organization are creating value. If not, why do they exist?
Note also, the GDP in 1950 was $294.3B, and the GDP in 2001 was $10.3T.
Dr. Lips is also glowingly referenced without any mention of the fact that he is on the Board of Trustees of Park's organization. He is only referred to as "a Swiss banker", and "a gentleman who is super-establishment Swiss". The failure to mention this is a breach of basic journalistic ethics.
Parks engages in many non-sequiters in this interview. For example, he indicates that the very existence of something called the Financial Stability Institute is evidence that a problem exists.
Parks also mentions the CFR (an old bugbear of cranks and conspiracy theorists- it's full of British bankers and was founded by a Rockefeller, don't you know), guaranteeing that he will get the follower-remnant of Dr. Peter Beter on board. Again, the idea that someone is running financial crash scenarios is, according to Parks, evidence that a problem exists.
Puplava and Ron Paul need to be vigilant here not to associate themselves with cranks. |
