]]>position:absolute;

Revelations

"The Jewish people as a whole will be its own Messiah. It will attain world domination by the dissolution of other races...and by the establishment of a world republic in which everywhere the Jews will exercise the privilege of citizenship. In this New World Order the Children of Israel...will furnish all the leaders without encountering opposition..." (Karl Marx in a letter to Baruch Levy, quoted in Review de Paris, June 1, 1928, p. 574)

Tuesday, 10 April 2007

The Federal Reserve Monopoly Over Money


"The mass media that is controlled by the Council on Foreign Relations, Skull & Bones, and high freemasonry of the 33rd degree level want you to believe that anyone who says there is a conspiracy for world government and therefore destroy the Constitution is a quack. They use such phrases as: oh, another conspiracy theorists; right wing nuts, etc. The key is: DISCREDIT ANYONE OF ANY CONSEQUENCE WHO COMES AGAINST THE CONSPIRACY! That was testimony in the Alger Hiss trial by a former Communist who left the conspiracy to fight and expose Communism." -Congressman Ron Paul

Recently I had the opportunity to question Federal Reserve Chairman Ben Bernanke when he appeared before the congressional Joint Economic committee. The topic that morning was the state of the American economy, and many of my colleagues raised questions about how the Fed might better "regulate" things to ease fears of an economic downturn. The tenor of my colleagues' questions suggested that Mr. Bernanke's job is nothing less than to run the U.S. economy, like some kind of Soviet central planner.

Certainly it’s true that Mr. Bernanke can drastically affect the economy at the drop of a hat, simply by making decisions about the money supply and interest rates. But why do members of Congress assume this is good? Why do we accept without objection that a small group of people on the Federal Reserve Board wields so much power over our economic well-being? Is centralized, monopoly control over our money even compatible with a supposedly free-market economy?

Few Americans give much thought to the Federal Reserve System or monetary policy in general. But even as they strive to earn a living, and hopefully save or invest for the future, Congress and the Federal Reserve Bank are working insidiously against them. Day by day, every dollar you have is being devalued.

The greatest threat facing America today is not terrorism, or foreign economic competition, or illegal immigration. The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch – Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference – that threatens to impoverish us by further destroying the value of our dollars.

The Fed’s inflationary policies hurt older people the most. Older people generally rely on fixed incomes from pensions and Social Security, along with their savings. Inflation destroys the buying power of their fixed incomes, while low interest rates reduce any income from savings. So while Fed policies encourage younger people to overborrow because interest rates are so low, they also punish thrifty older people who saved for retirement.

The financial press sometimes criticizes Federal Reserve policy, but the validity of the fiat system itself is never challenged. Both political parties want the Fed to print more money, either to support social spending or military adventurism. Politicians want the printing presses to run faster and create more credit, so that the economy will be healed like magic – or so they believe.

Fiat dollars allow us to live beyond our means, but only for so long. History shows that when the destruction of monetary value becomes rampant, nearly everyone suffers and the economic and political structure becomes unstable. Spendthrift politicians may love a system that generates more and more money for their special interest projects, but the rest of us have good reason to be concerned about our monetary system and the future value of our dollars.

Congressman Ron Paul
Tuesday April 10, 2007


Ron Paul on Federal Reserve, banking and economy


The Secret of the Federal Reserve


History of the Federal Reserve

Labels:

1 Comments:

Blogger chenlina said...

chenlina0160411
gucci outlet
toms wedges
cheap oakley sunglasses
tory burch handbags
cheap jordans
coach outlet
ugg boots
running shoes
ralph lauren
louis vuitton outlet
louis vuitton handbags
tory burch handbags
jordan retro 3
michael kors outlet
michael kors outlet store
hollister outlet
true religion
cheap jordan shoes
nike blazers
juicy couture
oakley sunglasses
oakley sunglasses
louis vuitton handbags
jordan concords
michael kors handbags
adidas superstars
fitflops
ray ban wayfarer
ray ban wayfarer
hollister kids
hollister clothing
ralph lauren outlet
louis vuitton handbags
louis vuitton handbags
kobe 9
coach factorty outlet
timberland boots
louis vuitton
ray ban sunglasses
christian louboutin outlet
as

10 April 2016 at 23:38  

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home

myself@london.com