Posted on 03/02/2011 10:11:33 PM PST by 2ndDivisionVet
I’ve mentioned before that I’m skeptical of Herman Cain, who expected to make his second presidential bid official any day now, in part because of his deference to government over the free market. For example, he backed TARP at the height of the financial crisis in 2008 - calling it a “recovery plan.” He slammed opponents of the program on the right, calling us “free market purists.”
Now, Cain, a former board member of the Federal Reserve, is telling us that the central bank already has internal audits, that there isn’t anything new that we’d learn from a significant audit and they haven’t been hiding anything from Americans. He chalks it up to people not knowing enough about the Fed.
Hm. Ok. If the Fed wasn’t trying to hide anything, why did they want until legislation was passed with a statutory requirement forcing to release the names of foreign banks they loaned money to?
I’m not saying there is a government conspriacy here, but there has been an incredible lack of transparency on the part of the Federal Reserve. For example, why does Fed Chairman Ben Bernanke claim that they aren’t printing money when that’s exactly what quantitative easing is?
Despite Cain’s claims to the contrary, he is defending the Federal Reserve. And it doesn’t reflect the behavior of someone claiming to be a conservative.
Here are Cain’s comments:
(VIDEO AT LINK)
Bernanke is accurate. Paper money is passe. The Fed creates electronic money.
Cain is starting to stink.. badly..
SECOND presidential bid? When was the first one? The only other office he ran for was U.S. Senate in 2004, where he lost the GOP primary.
Well he's got my vote [sarcasm]...
I'm sure he would be much better for freepers than Ron Paul since many freepers hate freedom and love wars we can never win but still want their children/grand children to pay for it.Spend,spend,spend!
Whew!
Hermain Cain is not the answer.
Now that is a semantic distinction you can take to the bank. Well, you could if an electronic bank had a location.
Pretty hard to replace the Federal Reserve when you don’t have anything to replace it with yet!
Hermain Cain is not the answer.
I said the same thing a week ago on another thread and people got upset with me.
I say it here again.
— George Washington; in a letter to Jabez Bowen, Rhode Island, Jan. 9, 1787George Mason from Virginia told the delegates he had a “mortal hatred to paper money.” Previously he had written to George Washington: “They may pass a law to issue paper money, but twenty laws will not make the people receive it. Paper money is founded upon fraud and knavery.”
— G. Edward Griffin; The Creature From Jekyll IslandThen, as now, those who suffered the most from fiat money were those who held the most trust in government. In 1777 these were mostly the Whigs, for it was they who patriotically held paper money and, as a result, lost their livelihoods and their life savings. The Tories, on the other hand, mistrusting both government and its paper money, passed the bills as quickly as possible in trade for real assets, especially gold. Consequently, as a group, they weathered the storm fairly well. But they often were derided by their less prudent neighbors as “Torie speculators,” “hoarders,” and even “traitors.”
All of this was painfully fresh in the memories of the delegates to the Constitutional Convention and, as the opening session convened in Philadelphia in 1787, there were angry mobs in the streets threatening the legislators. Looting was rampant. Businesses were bankrupt. Drunkenness and lawlessness were everywhere to be seen. The fruit of fiat money had ripened, and the delegates did not enjoy its taste.
— G. Edward Griffin; The Creature From Jekyll IslandThe dictionary, therefore, needs a new definition. Usury: The charging of any interest on a loan of fiat money.
— G. Edward Griffin; The Creature From Jekyll IslandWhen money is created out of nothing, the true interest rate is not 8% or 9% or even 22%, it is infinity.
— G. Edward Griffin; The Creature From Jekyll IslandNo bank can stay in business for very long with a zero reserve. The only way to make people accept such a worthless currency is by government force. That's what legal-tender laws are all about. The transition from fraction-reserve money to fiat money, therefore, requires the participation of government through a mechanism which is called a central bank.
— G. Edward Griffin; The Creature From Jekyll IslandA nation that resorts to the use of fiat money has doomed itself to economic hardship and political disunity.
— G. Edward Griffin; The Creature From Jekyll IslandFiat money is the means by which governments obtain instant purchasing power without taxation.
— G. Edward Griffin; The Creature From Jekyll IslandThus, when governments issue fiat money, they always declare it to be legal tender under pain of fine or imprisonment. The only way a government can exchange its worthless paper money for tangible goods and services is to give its citizens no choice.
The Presidency is not an entry level job.
Name the last American President who was neither a Vice President, Governor, Senator or high ranking military officer and hero.
This is why Donald Trump and Hermain Cain will not be President, just like Pat Buchanan, Ralph Nader, Ross Perot, Alan Keyes, Pat Robertson, Rudy Guilliani, and I’m sure many others who fancied the job but did not possess the minimum qualifications never got the job.
The American People have an innate collective wisdom. Yes, we still screw up sometimes and elect idiots like Obama, but that still doesn’t mean we’ll elect someone without qualifications. In fact I think it will raise the bar on minimum qualifications, not lower them, for 2012.
Candidates like Pawlenty, Romney, Daniels, Barbor and Palin have the minimum qualifications. Hermain Cain does not. I’m surprised he’s not smart enough to get that, but it’s his time and money, the American people will be happy to school him.
Herman Cain is far more qualified than BHO, but it doesn’t matter because he is running for vice president, not president.
sfl
You poor creature you've been abused.. Probably in school..
Duuugh.. Currency is NOT money...
I am now thinking that West, DeMint or someone new, needs to come out for us to see. The current crop of retreads just won't do.
I happen to know Jason...
he’s a great guy— very dedicated with a LOT of passion and awesome leadership qualities....
There are many of the Libertarian views that I agree with...
The problem is that our society has been so badly socialized and morally bankrupted, that our nation will never adopt some of the “hard right” stands on the issues that guys like Jason advocate.
For example— Shocking the Middle East into “democracy” is not going to end well for them- let alone the rest of the world...
Shocking America into Communism/Marxism would have never been possible without an all out War to preceed- which I believer Liberty Lovers would have prevailed....
I thoroughly enjoy talking with Libertarians— I learn a LOT! And I grow a LOT!
They help many of us see examples of just how much Liberty and Power we have lost to the Government that we don’t even recognize until Libertarians take the time to show us.
I call myself a libertarian with a little “l”— but I used to be a Republican with a capital “R”—
The Fed infuriates me— I am aghast at how its existence is tolerated— but I was raised with it being a natural part of government, and needed.
I have debated with Herman on the whole Fair Tax thing— it DRIVES ME NUTS! Friends and family aren’t even rude enough to ask someone how much they make, how much their house is worth, how much they made in capital gains, how much is in their savings account— but yet the IRS is entitled to every bit of info they ask for- PERIOD!
The above two paragraphs are a great example of how Libertarians are making a great many of us aware of how institutionalized we are.
That being said— Maybe you Liberty loving folks can hear me out for a minute without attacking me.
Calling folks who don’t get it yet names is not effective.
Showing arrogance and impatience with folks who don’t yet know any better will only turn them off.
It is like an evangelist heading down to the red light district to try and save souls- but he keeps saying “I love you, I care about your soul, listen to me you stupid little whore.” I doubt he will leave with less than at least one black eye, and empty handed on any “coming to Jesus” moments...
Keep up the good fight- but understand that reality is that Libertarians are just before their time right now— America is not ready yet.
Of all the folks in the running right now as possible Presidential candidates- I gotta say, I think Herman will be the best one with a shot of winning, and closest to what Liberty Lovers could get into the White House....
okay— Flame away...
;-)
exactly
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