Ron Paul's Crusade Against The Federal Reserve »
Posted By Revelation1412 6 months, 1 week ago in Political News
There has been one member of Congress that has been willing to stand up to the Federal Reserve more than any other, and now that it has been revealed that Barack Obama's "financial reform" plan would give the Federal Reserve almost dictatorial power over the U.S. economy, Ron Paul is hopping mad.
Read Full Story at thetruthwins.com »
235 Views Share Story 13 Comments Report
Submitted By:
Revelation1412
I am just learning how to use Propeller so feel free to stop by and say "hello"!
Who Also Submitted: All »
Other Related Articles: All »
RSS Join the Discussion
+ Add CommentComments So Far: 13 (view all)
-
-
-
-
-
100%
truthiness6 months ago
This comment is below the standard viewing threshold View It »
Wilson was the president who was responsible for the creation of the fed reserve system. After he left office he said it was his greatest regret because it placed too much power in the hands of a few people. (paraphrase)
Reply
I think that says a lot about the system.
we would be hard pressed at this point to redo our entire financial system without cultural revolution. However, we could mandate annual (or even quarterly) reviews of the fed's books, congressional approval of the entire board, and empowering the congress to remove members of the board for cause without much upheaval to the system.
fiat money also creates a great deal of the turbulence in our economy. Now, our economy is too large to return to gold/silver standard, but surely there is a way to return to a monetary system that is based in real value.
For example; assessing the value of the United States as if it were a corporation (all assets, property, etc) and then issuing citizens an A stock which is not tradable, and calling the dollar the B stock which is publicly traded. That way the value of the currency would be based on the assessed value of the nation. -
100%
bbalden6 months ago
This comment is below the standard viewing threshold View It »
The "Federal Reserve" would suggest to most that it is an entity invested in the general welfare of the US economy. As stated in this post it is a private bank that is, in fact, owned by a small group of international bankers. Every new dollar issued in this country comes with a premium paid directly to "The Fed", and that rule has applied to every new dollar created in this country for almost a century. Think about the price of a home in 1913 (when the Fed was established). The Fed got a piece of every one of those inflationary dollars from then until now, and there's no reason to imagine that they wont be skimming from the top for another century or two. Fact is that it's the Constitutional responsibility of Congress to coin money. Without an amendment to the Constitution, there is no basis for the existence of the Fed and Ron Paul knows it. It seems to me, however, that the only difference between Congress or the Fed creating money is just who it may go to in a particular political term. The real regulation that we need is absolute transparency. If we can't abolish the rats, it would be nice to know how they feed.
Reply -
More News
Politics Daily
Gallup: 78 Percent of Americans Identify as Christians, Continuing Decline
Yemeni Airstrike Targets Cleric Linked to Fort Hood Shooting
'Avatar': New Roles for Women in Sci-Fi?
Texas Leads U.S. in Population Growth Since Recession Began
Senate Passes Sweeping Health Care Reform, but Trouble Lies Ahead
Fox News Politics
New U.S. Jobless Claims Unexpectedly Fall to 452,000
House and Senate Have Ways to Go Before Health Insurance Deal is Done
Senate Votes to Raise Debt Ceiling to $12.4 Trillion
Griffith Party Switch Buoys GOP, Leaves Them Looking for More Defectors
White House Christmas Decor Featuring Mao Zedong Comes Under Fire
The Huffington Post
Andy Borowitz: Lieberman Calls Prescription Plan Unnecessary; "I've Been Off My Meds For Years"
Sen. Jeff Merkley: An Imperfect Stride Towards Justice
Mahinda Rajapaksa: We Look Back with Sadness, But We Look Forward with Hope
Steve Clemons: Missing Ted Kennedy: Health Care Reform Package Would Have Been So Different
Mark Hyman, MD: The Diabesity Epidemic Part III: Treating The REAL Causes Instead Of The Symptoms
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.