The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency
Gary NorthWords summarize the American philosophy of life: Live and let live; Let's make a deal. 8 words summarize American foreign policy: We're better than you; Do it our way.
Gary NorthDo you really believe that the Lord Jesus Christ, the Lord of glory, plans to be a loser in history?
Gary NorthThe basis for building a Christian society is evangelism and missions that lead to a widespread Christian revival, so that the great mass of earth's inhabitants will place themselves under Christ's protection, and then voluntarily use his covenantal laws for self-government. Christian reconstruction begins with personal conversion to Christ and self-government under God's law; then it spreads to others through revival; and only later does it bring comprehensive changes in civil law, when the vast majority of voters voluntarily agree to live under biblical blueprints.
Gary NorthMicroeconomics: The study of who has the money and how I can get my hands on it.Macroeconomics: The study of which government agency has the gun, and how we can get our hands on it.
Gary NorthEveryone talks about religious liberty, but no one believes it. So let us be blunt about it: we must use the doctrine of religious liberty to gain independence for Christian schools until we train up a generation of people who know that there is no religious neutrality, no neutral law, no neutral education, and no neutral civil government. Then they will get busy in constructing a Bible-based social, political, and religious order which finally denies the religious liberty of the enemies of God.
Gary North