- But the basis of banking is credit, is it not?
- Not always. That is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.
Testimony of J. P. Morgan before Congress, December 1912.
Chart says it all. From the printing press to the stock market to precious metals. You know the drill.
This post was not sponsored by Peter Schiff.
- Not always. That is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.
Testimony of J. P. Morgan before Congress, December 1912.
Chart says it all. From the printing press to the stock market to precious metals. You know the drill.
This post was not sponsored by Peter Schiff.