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To: DannyTN

To say we don’t see eye-to-eye is an understatment. This is the most important secular issue of our lives. You may believe what you wish, but the crisis which is engulfing the earth is MOOTA; i.e., sovereign debt. Many are going to have to find out the hard way.

“Lenin was certainly right, there is no more positive, or subtler, no surer means of overturning the existing basis of society than to debauch the currency ... The process engages all of the hidden forces of economic law on the side of destruction, and does it in a manner that not one man in a million is able to diagnose.”
— John Maynard Keynes, economic adviser to FDR


32 posted on 07/25/2012 11:16:16 AM PDT by veracious
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To: veracious
True Sovereign debt is the issue.

But the Federal Reserve didn't create that debt, congress did. The Federal Reserve is the only group up there doing exactly what they are supposed to be doing and what the country needs from them.

The Federal Reserve doesn't buy federal securities so congress can run up the debt. They started buying them only once unemployment started soaring, and then to bring interest down, to get the economy back on track. Not doing so, would kill the patient in order to show congress they shouldn't have run up the debt like that.

Congress, the President, and the Judiciary have lost sight of our values.

And if you think Congress won't continue to borrow money on a gold standard and promise that your children will repay foreigners with gold, you better think again.

33 posted on 07/25/2012 11:23:14 AM PDT by DannyTN
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To: veracious
Congress is the key, and Paul's Federal Reserve conspiracy side show is a distraction from the real problem.


34 posted on 07/25/2012 11:32:38 AM PDT by DannyTN
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