New video: Lew Rockwell

Lew Rockwell: Central banks are steering society off a cliff

Lew Rockwell is the Chairman of the Ludwig von Mises Institute. Here, he talks to Russia Today’s Capital Account in regard to the central banks, mainly the Federal Reserve. He states ‘ you can’t believe anything that comes out of the beige book.’  He believes that we are going to a much worse situation with the central banks directly monetizing the debt – it will either end in hyperinflation or a disguised inflation suppressed by price controls which would lead to ‘total economic disaster.’

He states that today is far worse in terms of civil liberty than it was when Nixon took us off the gold standard.

It starts 5 min 11 seconds in.

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