Money creation system forever unworkable

To The Eagle:

State governments, local governments, plain old citizens and most assuredly our Federal government are all having a tough time financially.

Financiers, bankers and economists created a world wide financial crises that blew up in their faces. They were busy worshipping at "The Market is God" altar. But we know that they were not true believers because no only did they create the "products," bonds, and derivatives that created the crisis, they also created "financial instruments" whereby they would also make big bucks if the whole thing tanked. And of course, their final act of piracy, as is their custom, is the taxpayer bail out. And that doesn't mean the taxpayer is bailed out.

Seldom are the perpetrators of a crime rewarded for their wrongdoing. The exception is bankers. The only way to prevent a repeat of all this is to not allow banks to create our money. For almost 20 years I have been proclaiming that their system of money creation is forever unworkable.

What part of forever unworkable don't you understand?

Gilbert Vik

Cathlamet