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Originally posted by rectangle
...that it was a good thing they could not control Fed policy. They would use it create a boom in months before an election to help re-elect themselves, and damn the consequences of inflation after the election cycle. The goal of the Fed being to create sustained economic growth, with as low unemployment as possible, as little inflation as possible. Then the Congressman would go down to the floor of the Congress and give a speech about the evil of the existence of the Fed.
...Some of the South American political leaders were in awe of the US Federal Reserve system. Their countries did not have a real national bank system like the Fed, and they admitted their country would not create one that was independent of the politicians, which would render it useless. A description of the government policy in one South American country went like this. When their representatives met they would decide how big the budget was to be, then spend all the rest of the time arguing about how it would be split up amongst the groups vying to get the money. Then they simply printed off the money. Just printing the money and spending it created, as they knew it would, huge amounts of inflation, that was very hurtful of the poor.
...The problem also being that nothing solid backed the countries national currency. Their own national currency was always free floating....The nations currency was like Monopoly money, the result of these South American countries not having anything like our Federal Reserve.
Ron Paul may expose some very crooked dealings in the Fed, but he will not kill the Fed.
While it is obvious you to, please state the order of events of how the Fed kills people.
Originally posted by Xcathdra
I completely agree.. Oversight, then get rid of the Fed and replace it with something that represents the people, and not banking interests.
There is also a call on the World Stage to go back to the system of the Gold standard, backing currency with precious metals for value again.
Audit the Fed, audit Fort Knox, and move from there.
With the conspiracy theories in ply about the JFK assassination (he supposedly signed an EO ending the Fed, which Johnson supposedly rescinded when he was sworn in) I am curious if there is not a car accident or freak plane crash in his future.
Originally posted by Skyfloating
Originally posted by antonia
The system is busted, play in as much as you want, you will fix nothing.
The motto of the conspiracy-theorist sounds less like a war cry and more like the conclusion of the clinically depressed.
Originally posted by Benevolent Heretic
If only he had the power to do anything about it... But I don't think he will. No single person has any power in Washington today. Least of all Ron Paul. It's nice to think about but I'm cynical about anything actually getting changed.