Should be of interest to more. From North.
'The goal of a central bank is to shift the risk of default from big banks to the government. This, they always do.
The threat of a government default is great when central banks quit buying government debt in a mass inflation. But hyperinflation is sure death to banking. Debtors pay off their loans with worthless money. So, I believe that the Federal Reserve will not allow hyperinflation.
The threat is Congress. We now have supposed conservatives calling for Congress to take over the Federal Reserve. If this idea spreads, we are facing the ultimate threat. This is why I have decided to publish my minibook on the Greenbackers.
http://mises.org/books/coogin_north.pdf''Make hay while the son shines.
Be prepared for a great default. Your neighbors aren't.'