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Thanks for posting. The writer quotes WSJ's Stephen Moore on the role of the Federal Reserve.

Please allow me to repeat my post on another thread today on the role that Obama, Geithner and the money printers have played in destroying our economy.

They are following a long-recognized playbook for destruction of the capitalist system, as described in the final paragraph below citing Keynes on Lenin:

"The printing of paper money always has been a problem for leaders who prized individual liberty and opportunity for citizens, for they recognize the inherent dangers, and the likelihood that "the People's" rights will be violated by this mechanism.

Here are just a few statements on the subject for any who wish to study the "paper money" subject, and the role this Treasury Department has played in the past 3 years. These quotes are a few on the subject from "Our Ageless Constitution".

Dr. Edwin Vieira has written extensively on the Founders' protections for liberty through their provisions for a sound money system. A search of Vieira's books and writings will provide a rich source for understanding the Founders' wisdom.

Thomas Jefferson: "Paper is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted."

". . . although the other nations of Europe have tried and trodden every path of force or folly in fruitless quest of the same object, yet we still expect to find in juggling tricks and banking dreams, that money can be made out of nothing. . . The misfortune is. . . we shall plunge ourselves in unextinguishable debt, and entail on our posterity an inheritance of external taxes, which will bring our government and people into the condition of those of England, an nation of pikes and gudgeons, the latter bred merely as food for the former."

"Stock dealers and banking companies, by the aid of a paper system [paper money] are enriching themselves to the ruin of our country, and swaying the government by their possession of the printing presses, which their wealth commands, and by other means, not always honorable to the character of our countrymen."

Then there is John Maynard Keynes observation in "The Economic Consequences of the Peace - 1920":

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. . . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. . . . (It) does it in a manner which not one man in a million is able to diagnose. . . ."