If the classical gold standard worked so well, why did it break down? It broke down because governments were entrusted with the task of keeping their monetary promises, of seeing to it that pounds, dollars, francs, etc., were always redeemable in gold as they and their controlled banking system had pledged. It was not gold that failed; it was the folly of trusting government to keep its promises.
- Murray Rothbard
We are little lost children who believe in fairy tales. We believe in Santa and the Tooth Fairy. But we don't believe in the Big Bad Wolf. That would be an impossible conspiracy or organized planning. We are in denial. We are part of the conspiracy of silence. There is no such thing as organized crime on the international level. The economy is just a series of random events and unpredictable black swans.
The government/quasi-government body most responsible for creating this mess (the Fed), will attempt a big power grab, purportedly to fix whatever problems it creates. The bigger the mess it creates, the more power it will attempt to grab. Over time this leads to dangerously concentrated power into the hands of those who have already proven they do not know what they are doing.
