Trillions of dollars and control of the planet reside in the faux "Fed Reserve". Those holding its reins will kill (or in Paul's case, attempt to discredit) anyone who attempts to wrest control from them.
Posted on 02/09/2009 2:18:55 PM PST by GoreNoMore
But once you understand how the federal government, fractional reserve banking, and the federal reserve interact to enable the enormous federal debt which empowers the enormity of the federal government, you start to question the system.
Think of it for a moment. Our monetary system is COMPLETELY centrally controlled. We conservatives know, instinctively, that central planning doesn't, can't, work. Yet we accept it without question in our monetary system, again, mainly because we have known no other system. We can only imagine a free market, sound money, monetary system.
A central bank is a dangerous thing. Jefferson knew it, and killed the first one. Andrew Jackson knew it, and killed the second one. Today's Fed is actually the third US central bank, and not only was it the driving force behind the current economic crisis, it quite possibly has managed to destroy our republic. It must be abolished if we're to have any chance to return to constitutional government.
If you haven't already, I encourage everyone to read Murray Rothbard's What Has Government Done to Our Money.
I’d like to add to that that during the period from about 1870 to the creation of the fed we had centralized banking with the national currency acts (as I believe they were called) which, although didn’t establish a central bank, still allowed for a pyramiding scheme. It’s been a while since I’ve read about this period, but it had a lot of aspects that central banking has.
First official ping!
Trillions of dollars and control of the planet reside in the faux "Fed Reserve". Those holding its reins will kill (or in Paul's case, attempt to discredit) anyone who attempts to wrest control from them.
Big ol’ bump
Great idea but too many have died trying.
We need to get rid of the *personal* income tax and the Federal Reserve.
Corporate income taxes - at reasonable rates - should be sufficient to fund the military budget.
Of course, we would also need to adopt a pro-America trade policy and rescind our participation in managed “free” trade agreements...
Excellent book.
For those that want to know that the Federal Reserve is a private industry and not part of the Federal system.
http://wikileaks.org/leak/crs/RL30354.pdf
Wikileaks release: February 2, 2009
Publisher: United States Congressional Research Service
Title: Monetary Policy and the Federal Reserve: Current Policy and Conditions
CRS report number: RL30354
Author(s): Marc Labonte, Government and Finance Division
Date: December 16, 2008
Abstract
Monetary policy plays an important economic stabilization role. This report explains how monetary policy is currently measured and the difficulty with those measures; the goals set for it by the Federal Reserve and the degree to which the goals are being achieved; and the current performance of the economy.
Ah, but haven't you heard? Our income taxes are "voluntary"!!!! At least that's what Senate Majority Leader Harry Reid says. Really, he does!!!
“Kennedy would have done this had he lived.”
His trying likely hastened his death. It’s not nice to mess with the Powers that Be.
Devalue the dollar to the point where it's worthless and bring about a NEW CURRANCY....the Amero.
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53350
http://www.propeller.com/story/2008/12/03/the-amero-is-being-printed-but-ron-paul-says-end-the-fed/
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