Gary North (in 2012)

Our kids are not going to take the brunt of this. We are. What the FED has created, in conjunction with fractional reserve banking and the FDIC, is a system of moral hazard and crony capitalism on a scale never before seen. Add to this witches brew the European Central Bank, the Bank of Japan, and the People’s Bank of China. Don’t cry for the kids. Our problems are more immediate.