http://www.zerohedge.com/article/guest-post-interview-jskim J.S. Itâs impossible to have free markets and central banks at the same time. The free market will dictate what the interest rate should be, but central banks keep altering it and causing boom bust cycles. They created the housing bubble because interest rates were so low for too long. Whenever central banks artificially suppress interest rates to serve their purposes, a real estate or stock market bubble is inevitable. And a bubble always bursts. Without a central bank, the fed-induced cycles would be very much muted. Artificially set interest rates cause bubbles and are clearly not consistent with a free market. When we put an end to the central banks, people will have a chance to have free markets. In my mind, the greatest gift in the world would be to have a free market and to shut down all of the worldâs central banks. J.S.: Implement sound money again. All people, no matter where in the world we live, are debt slaves to the central banks. If you have strong moral opposition to the concept of slavery, then you should be strongly opposed to the very idea of central banks. We have little power in retaining our wealth, since the banks devalue our wealth at will. Alan Greenspan himself stated in 1967 that âgold and economic freedom are inseparable,â and that âunder the gold standard, a free banking system stands as the protector of an economyâs stability and balanced growth. When gold is accepted as the medium of exchange by most or all nations, an unhampered free international gold standard serves to foster a world-wide division of labor and the broadest international trade.â Of course today, a dual bi-metal gold/silver standard is probably more realistic to implement as a sustainable solution than a gold standard. But Alan Greenspanâs former comments grant a narrow window into the mentality of central bankerâs today. This is why the U.S. and the U.K. are always denigrating gold. Gold is the anti-US dollar, the kryptonite to central bankers per se. In order to keep people slaves to a fraudulent monetary system, people must not own gold or silver, for it is the only means people have to protect themselves against the theft of their wealth by central banks through inflation and devaluation of paper currencies.