You have to start somewhere, it may be simple minded of me, but I believe shutting down the Fed would solve most of our problems. There are a lot smarter people than me who feel the same way, Ron Paul is one of them.
You have to start somewhere, it may be simple minded of me, but I believe shutting down the Fed would solve most of our problems. There are a lot smarter people than me who feel the same way, Ron Paul is one of them.
Don't steal, the government hates competition.
According to Article 1 section 10, clause 1 of the US Constitution, No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts.
Since the Federal Government is an agent of the states, it is also held liable to this clause.
The founding fathers and many presidents warned against granting the power of coinage to any non-government entity. Here are some quotes.
The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. -Thomas Jefferson
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison
If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations. -Andrew Jackson
The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. -Abraham Lincoln
Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to...provisions [which] would place our currency and credit system in private hands. - Theodore Roosevelt
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson
Years later, reflecting on the major banks' control in Washington, President Franklin Roosevelt paid this indirect praise to his distant predecessor President Andrew Jackson, who had "killed" the 2nd Bank of the U.S. (an earlier type of the Federal Reserve System). After Jackson's administration the bankers' influence was gradually restored and increased, culminating in the passage of the Federal Reserve Act of 1913. Roosevelt knew this history.
The real truth of the matter is,as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson... -Franklin D. Roosevelt
"You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out. If the American people only understood the rank injustice of our money and banking system, there would be a revolution before morning. If the central bank continues to control our currency, receiving our public monies, & holding thousands of our citizens in dependence, it would be more formidable & dangerous than the naval & military power of the enemy. " - Andrew Jackson
"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers." - Congressman Louis T. McFadden
"We began planning the Revolutionary War in order to issue our own money again" - Benjamin Franklin
"Whoever controls the volume of money in our country is absolute master of all industry and commerce…when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." - James Garfield, 20th President Of U.S. Assassinated 1881
"Every effort has been made by the Federal Reserve Board to conceal its powers, but the truth is that the Federal Reserve System has usurped the government. It controls everything in congress and it controls all our foreign relations. It makes and breaks governments at will." - Louis McFadden, Chairman of the House Committee on Banking and Currency
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the government at defiance. The issuing power of money should be taken away from the banks and restored to the people to whom it properly belongs." - Thomas Jefferson
"Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers." - Congressional Record 12595-12603 June 10, 1932
"The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true cause: the banking system... a system which if it could do good in any form is yet so certain of leading to abuse as to be utterly incompatible with the public safety and prosperity." - Thomas Jefferson
"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States." - United States Senator Barry Goldwater
"The financial system has been turned over to the Federal Reserve Board. That board administers a finance system by authority of a purely profiteering group. That system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. This (Federal Reserve) Act establishes the most gigantic trust on Earth. When the president signs this bill, the invisible governments by the monetary power will be legalized. The people may not know it immediately but the day of reckoning is only a few years removed, the worst legislatives crime of the ages perpetrated by this banking bill." - Charles A. Lindbergh, Representative, MN
"The Federal Reserve is answerable to no one." - Ronald Reagan
Former Fed chairman Alan Greenspan's essay "Gold and Economic Freedom" is an excellent read for more info. http://www.usagold.com/gildedopinion/greenspan.html
Don't steal, the government hates competition.
All of those quotes boil down to one thing, government for profit is bad. I support Ron Paul because he is a true representative for the people in his district. He votes in the best interest of those people regardless of the national political environment.
IMO, returning to the gold standard is impossible because it's not the 1800s anymore, but I don't know a lot. I do know that if our congress, president, and other elected or appointed officials stopped taking bribes and did their job honestly we'd be in a much better place. That is where I think we should start and that is where the Occupy movement has begun.
J - I agree with what you said.
But I find it ironic and disheartening that when thousands of peaceful tea party people went to DC and protested against big government and barry zero's out of control spending and raping of society, and they had a CLEARLY defined objective, they were ridiculed and taunted by the left and the democrat party, and by the exact same people you see in the occupy movement displayed in these videos.
Like I said before -> there is a very fine and distinct line between protesting "out-of-control" government, and protesting against the companies that feed our families.
You show me clearly defined direction from the occupy movement that says they are protesting against the government and I'm in there with them.
You're wrong. Tea Party started out a a movement of the people and I supported it then. It was later co-opted by businesses and politicians and changed from being for conservative financial policy to being against abortion and gay marriage and other useless non-federal pet causes.
The OWS movement involves everyone and if you are reading news sites saying that it's a "Democratic Tea Party" you are buying the propaganda because I've seen tons of "Don't Tread on Me" flags at Occupy Denver and in New York. This movement is for the 99%. That is the 99% who pay most of their wages in taxes and feel unrepresented.
I disagree, but that is neither here nor there.
As you indicated, if those 99% pay most of their wages in taxes and feel unrepresented then why are they down on Wall Street?
Any entity or person that taxes them or represents them is in Washington DC., not on Wall Street, right?
80% of the people in the OWS movement are employed. They are in every capital city and many other cities, not just NY. They are in Atlanta, go check the movement out and offer your opinion there.
They are on Wall St because that is the financial center of the country. They are also in front of the white house. I dunno if you've ever been down Pennsylvania Ave in DC, but there are people protesting there 365 days a year forever. Didn't catch your attention did they?
Guess what? Banks bought this country, stole $700 billion, and illegally foreclosed on millions of people. Stop focusing on Obama and pay attention to the past 20 years of US political history.
e: corporations need limits. Ever heard of Monopoly-Busting? It used to be a big deal in this country.
Last edited by Vitamin J; 27th October 2011 at 02:58 PM.
I've been paying my mortage. Why didn't they illegally foreclose on me?
Because you didn't use the Making Homes Affordable refinancing plan that was hijacked by the banks to scam people out of their homes.
Because you didn't have an injury or illness that made you bankrupt.
Or because you took out a loan that you could afford before they started loaning money to people who couldn't pay because they did some calculations and realized they could actually turn a profit off bad loans.
Well hang on a second sport, you seem to be getting your wires crossed again. Did the banks create a "Making homes affordable" plan or did the government? Namely, the Obama administration? If you do a little research you'll find that bogus plans were created by the man-child we have sitting in the oval office. You know, the community organizer?
Do you know why banks started loaning money to people that couldn't afford them? Because they started receiving extreme pressure from the Clinton administration to make loans to those that didn't qualify or they would be severely audited and possibly fined. Yep that's right. Good old democrat government intervention. And it was even eerily foretold in a piece that Steven Holmes wrote in the NYT in 1999! The financial crisis happened EXACTLY as the article and Peter Schiff stated!
From 1999: http://www.nytimes.com/1999/09/30/bu...e-lending.html
And Peter Schiff from 2006
View this video on YouTube
Last edited by Eddie; 27th October 2011 at 03:57 PM.
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