Posted on 12/16/2010 1:30:14 PM PST by speciallybland
Rep. Ron Paul, (R-Texas), who will head a subcommittee overseeing the Federal Reserve in the new Congress, called the central bank a “cartel” and said it had “monopoly control” over the US dollar. “I think we should start ending the Fed by allowing competition. I don’t like the idea that they have monopoly control. It’s a cartel: They get to print the money,” said Paul, who wrote a book called End the Fed.
Paul said that he wanted to “legalize competition,” so that Americans can use gold and silver as legal tender.
(Excerpt) Read more at cnbc.com ...
Hey, that’s no fair. I want to use cowry shells ~ there’re these big limestone wheels too ~ with a hole in the center.
We all print money most every day.
Checks are really just substitutes for paper money that is a substitute for precious metals............
Pray for Dr. Paul’s safety.
This is a hundred times worse than calling for your Mafia owned garbage hauler to have competition.
cowry shells, covered in gold.
When you find a merchant who will accept them as payment you should be able to.
L
Exactly, look what happend to Lincoln and Kennedy! Paul may be in for a serious “Accident”
Dr. Paul is dead on to any American that is awake to what is happening to our Republic.
Better yet just get rid of the legal tender laws and let nature take its course. If the money is good (ie. specie) then you don't need a law forcing banks and merchants to accept it.
A question-
How much new money has been printed, in a graph versus time, over the last several years? Is this info available anywhere?
A comparison with a graph of the price of gold or silver would be illuminating.
Paul sure showed us that with his vote to repeal DADT.
Strip him of his chairmanship.
That's the way it's got to be or it's just more government oppression eh!
"Government is the only thing on earth which can take a valuable commodity like paper and make it worthless by putting ink on it." Milton Friedman.
Better yet just get rid of the legal tender laws and let nature take its course. If the money is good (ie. specie) then you don’t need a law forcing banks and merchants to accept it.
My pay is deposited into my account electronicly. No physical money changes hands.
I pay my bills online by electronicly transfering “money” from my checking account to various vendors. No physical money changes hands.
Not only is there no gold backup up our money supply, there isn’t even any paper. If some enterprising hacker gets into a bank account and modifies his account so the database says he has $1 million dollars in it, then “spends” it by making thousands of electronic purchases, how will the money every be removed from the money supply?
How do you spot counterfiet “electronic” money? Will vendors cooperate in undoing the electronic payments to their accounts? And if they do, how will they undo the payments they have made to other vendors (and on and on and on)?
Not our money. Our money is "Fiat" money. I understand that "Fiat" money generally means "It's money because the government says so," but the fact that the term is synonymous with an Italian-made car that doesn't look very good or work very well is enormously appropriate.
Coincidence? I think not!
He is right a “Global Cabal” and it’s time to stop that. Look how they wiped out their competition (all the smaller banks in the US that closed taking jobs)and how they helped out Goldman Sachs and bought Toxic MBS’s!
And look how long they really knew about the disaster unfolding and WTH were our children and grandchildren mortgaged for a group of global bankers since as we all now know we bailed them out as well.
Wikileaks U.S. Embassy Cable
US embassy cables: Mervyn King says in March 2008 bailout fund needed
http://www.guardian.co.uk/world/us-embassy-cables-documents/146196
Look at all the toxic MBS’s here
and here
Totally Busted: The Truth About Goldman’s Bailout by the Fed
http://www.economicpolicyjournal.com/2010/12/totally-busted-truth-about-goldmans.html
He will need our prayers.
I am not a Ron Paul fan but I like him on this. The Federal Reserve is merely the largest bankster operation that does the bidding of the banksters and Wall Streeters such as Goldman, JPM, Citi, etc etc
Major banks own stock in the Fed and get a yearly 6% dividend on it. The Fed is a private bank at the beck and call of its member banks. The “public” nature of the Fed is this:
1- They do rebate most profits (50 billion yearly) to the US Treasury after retaining ~4 billion to fund operations and pay super lavish salaries to employees
2- The President appoints the head of the Federal Reserve in DC
3- The NY Fed is extremely important and almost equal to the Central Fed in DC. The people who run the NY Fed are all hand picked by the NY Fed’s member banks. No public input here! Just us NY banksters
4— more on the NY Fed. Please note that Timothy Guithner was head of the NY Fed. http://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_New_York
So true.
All my Christmas shopping was done from my keyboard. No cash or checks exchanged between human beings. Indeed, the only human beings I’ve seen during my shopping spree are the mail men and the UPS/FedEx delivery people.
I owned a Fiat X1/9...............beautiful car........fun to drive............when it ran..............
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