Fekete: “The Gold Standard Manifesto”

“Open market operations are tantamount to check-kiting whereby two conspiring parties issue obligations that neither one has the intention or the means to honor but, when they come up for clearing, the phantom obligation of one party is covered with that of the other.”

“…the basis for money creation is the flimsy check-kiting scheme whereby the Federal Reserve banks buy the bonds with freshly printed notes, while the Treasury uses these notes to pay the bondholders. Bonds are supposed to have value because they are 'redeemable' in the notes which, in turn, are supposed to have value because they are 'backed' by bonds.”

“It is a sad commentary upon the integrity of our institutions that not one court of justice, not one university in the entire world has found it possible to put the regime of irredeemable currency on trial.”

Mukherjee: “Almost a tenth of the Indian economy, or about $68 billion, was ‘lost’ last year for want of power to run factories and irrigation pumps.”

Why getting hitched is the real hitch for women - Carol Sarler