The federal reserve must die

Discussion in 'News / Current Events' started by Revmitchell, Aug 27, 2009.

  1. Revmitchell

    Revmitchell
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    "Paper money eventually returns to its intrinsic value ---- zero." – Voltaire

    "The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us. Instead of economic growth and stable prices, (The Fed) has given us a system of government and finance that now threatens the world financial and political institutions. Pursuing the same policy of excessive spending, debt expansion and monetary inflation can only compound the problems that prevent the required corrections. Doubling the money supply didn't work, quadrupling it won't work either. Buying up the bad debt of privileged institutions and dumping worthless assets on the American people is morally wrong and economically futile." - Representative from Texas Ron Paul questioning Federal Reserve Chairman Ben Bernanke

    I've read and witnessed various pundits during the Presidential campaign describe Ron Paul as crazy. The corrupt tax and spenders in Congress know their days would be numbered if they followed his vision of government. Ron Paul's scathing assessment of the Federal Reserve's primary role in creating the financial crisis and his raking of Chairman Bernanke over the coals is so accurate, truthful and sane that it should blow your mind. Mr. Bernanke must have felt like his head was spinning like a top while Ron Paul gave him a tutorial in basic economics. Mr. Paul's noble efforts to Audit the Fed (HR 1207) and eventually to rid the country of its insidious control over our lives will bring the pillars of the Federal Reserve building crashing down upon Mr. Bernanke in his mahogany paneled, gold plated boardroom with ornate chandeliers.

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  2. Aaron

    Aaron
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    It's a double-edged sword. The Federal Reserve has its tentacles entwined around every aspect of every American's economic situation. Got a bank account? Got Federal Reserve Notes in your wallet? Got a mortgage? When the Fed goes down, so will those things that made us rich.

    The merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing, And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off, And cried when they saw the smoke of her burning, saying, What city is like unto this great city! And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
     
  3. Johnv

    Johnv
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    The problem with the Federal Reserve is not its existence (Geo. Washington favored a national bank long before one existed). The problem with the Federal Reserve is that it needs to undergo reformation. One of the things it shoudl do is return to a policy of backing paper money with a precious metal.
     
  4. billwald

    billwald
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    Pigs, shells, beads, camels, sheep . . . all served very well as "money" in various places around the world until they were polluted with white people.
     

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