In the latter chapters of Genesis we are told a tale of Joseph and the Pharaoh. I should note, in the interest of honest disclosure I am no fan of Joseph bar Israel. However, for this little tale the important thing to note is that Joseph found himself in a position of control with regard to his government and in a financial crises used that opportunity to centralize the Coptic economy.

Today we find ourselves in a banking crises and it seems one of the results is that the central bank is now no longer an independent government entity. Centralization is occurring. It is likely that this process will continue until the currency and bank are fully under control of the (elected) nitwits on the Hill.

Some generations later, it is unclear how many, the Israelites found themselves due to Joseph’s centralization … to be slaves.

If F.A Hayek is right, we too will discover to our dismay that we too are slaves.

How then will we find our Exodus from that slavery I wonder?

Personally I think a recession would be preferable to acceding government control of the Bank. They should not allow some of the collapse as they don’t hold the paper to take on the debt they plan to assume. A little pain now, will be far better than the bloody revolution our children will be required to shed in order to win our freedom back from slavery.

Filed under: Mark O.You Cry Out

Like this post? Subscribe to my RSS feed and get loads more!