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- Kent4jmj, on 07/17/2008, -2/+42Bernanke admits inflation, caused by the Fed printing more and more fiat money, is a TAX! Ron Paul points out that it is a graduated tax that hurts poor and middle class the most.
Yet every one in Congress, both House and the Senate, except Ron Paul, goes along with this. Hello anyone out there? - Pssdoff, on 07/17/2008, -2/+33Andrew Jackson's greatest accomplishment was killing the second Rothschild US central bank. I can only imagine the joy he felt.
- Vali585, on 07/17/2008, -1/+27Like Ron told Glenn Beck, "the patient IS the DOLLAR" I thought Beck seemed a little at a loss for words at that. The patient is indeed dying.
- reland1, on 07/17/2008, -1/+20"The Creature from Jekyll Island"..J.Edward Griffen
- swiftysmith, on 07/17/2008, -0/+17"Those few who can understand the system (check book money and credit) will either be so interested in its profits, or so dependent on it favors, that there will be little opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear it burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests."
- ROTHSCHILDS BROS. OF LONDON - - swiftysmith, on 07/17/2008, -0/+16"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.
"The bold efforts that the present bank has made to control the government and the distress it has wantonly caused, are but premonitions of the fate which awaits the American people should they be deluded into a perpetuation of this institution or the establishment of another like it...If the people only understood the rank injustice of our money and banking system there would be a revolution before morning."
- ANDREW JACKSON - - inactive, on 07/17/2008, -0/+15Go away! I'm trying to watch the football or baseball or whateverthefvck is on. Moonbat! Be quiet! Everything is fine. {And if it isn't fine, then our govmnt loves us and has prepared a special place for us in case of an emergency}
- TruthExposed, on 07/17/2008, -1/+16I saw most of this interview. I thought what a shame it is that so few listen and act on him, although I bet most believe he is right.
The others in congress choose to allow this country to essentially die instead of implementing the uncomfortable changes Dr Paul knows we need i.e. ending deficit spending. - jonronpaulie, on 07/17/2008, -1/+15"Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men."
John Emerich Edward Dalberg Acton - richmomz, on 07/17/2008, -0/+13It's no coincidence that the first presidential assassination attempt was on Jackson's life, barely a year after he had delivered a crushing drop-kick to the balls of the second US central bank.
The would-be killer shot two pistols at Jackson but both misfired, the bullets apparently paralyzed with fear. Jackson, annoyed by the assassin's attempt on his life, proceeded to whip out his cane and beat him so severely that he had to be restrained by his aides to keep him from killing the man. He was later quoted as saying "Secret Service agents are for pu**ies."
Andrew "Action" Jackson, THE Chuck Norris of the 19th century and one of the most bad-ass presidents in American history. - kemp34, on 07/17/2008, -0/+11G. Edward Griffin FYI
- inactive, on 07/18/2008, -2/+12from one of the people on the link:
"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
Ron Paul 2008! - Lawofnations, on 07/17/2008, -3/+12When an 80 ton locomotive is bearing down on you the easiest solution is to step off the tracks. The train cannot hit you; it's an impossibility.
In 1985 congress passed, and Reagan signed, the Gold Coin Act. It is now legal to spend, receive payment, and contract in lawful gold and silver coin (see: Title 31 U.S.C. sec. 5112). When the Federal Reserve Notes, which the I.R.S. refers to as "worthless securities", have lost all purchasing value the gold and silver United States of America dollars will still be as strong as ever. The lawful dollars are not subject to inflation or depreciation; it's an impossibility.
I've been cashing my paychecks for gold and silver dollars for over ten years now. It costs me less than three dollars to fill my gas tank. When I go to the movies I get a large popcorn, two cokes, and two movie tickets for one dollar. If people refuse to use the remedy provided to them by congress I will not feel sorry for them when (not if) this fiat monetary system crashes. I can't help those who won't help themselves; it's an impossibility. - richmomz, on 07/17/2008, -0/+9Cartoon from Wikipedia depicting Jackson destroying "The Devil's Bank": http://en.wikipedia.org/wiki/Image:1832bank1.jpg
Another, creepier version: http://en.wikipedia.org/wiki/Image:AJ%7Ebank.JPG
It can be done again. All we have to do is grow a pair, speak out and demand action. - chupavacas, on 07/17/2008, -2/+11It is true that Bernanke has a PhD, in fact he was a professor of economics at Princeton. It is also true that Ron Paul is an MD, who got interested in economics later in life. It is also true that most economists are what I would call Keynesian and very few are of the Austrian School. There are notable exceptions, Murray Rothbard, PhD, comes to mind. Just because an idea has few followers doesn't mean it isn't true. Just because someone has a PhD doesn't mean that what they are saying is the truth. Bernanke and the rest of the Keynesians believe that tinkering with the economy is the best way to avoid recessions. I believe that like grilling a fish, the less we poke at it the less it'll fall apart.
Lastly, to say that Bernanke does not have a political agenda is naive. True he's not representing a political party view but he has a deep vested interest in making the Keynesian myth work, of which our government has been faithfully adhering to for decades. - richmomz, on 07/17/2008, -0/+8Great book.
- Lawofnations, on 07/18/2008, -0/+6No. That would be constitutional. Instead let's have an unelected, illegal, unlawful, amoral, privately owned Cartel, that meets in secret, whose proprietors are only known to each other, is subject to no law, rule, statute or regulation and that answers to no one. If it's good enough to a half-witted troll, it's good enough for me..
- JiveDadson, on 07/18/2008, -2/+81. I read Bernanke's book on the Great Depression, and it made me very, very afraid for this country. Sure enough, he and the federal government are repeating the exact same mistakes that were made then, in a slightly different order.
2. Ron Paul is most certainly an economist. He has written several books and numerous essays on economics. He is well respected among Austrian economists, including many with those three letters after their names. - lazerus9, on 07/17/2008, -1/+7The bankers did not just fade away after they were routed out by Jackson, they plotted, schemed and worked feverishly to destroy this republic.
- TruthExposed, on 07/18/2008, -0/+5Bernanke may be educated and intelligent. If this is the case, he is not acting n the interest of the American people.
By the way, Paul is not the inventor of his ideas, he is a promoter of the Austrian school of thought.
Bernanke recently admitted that Paul is right when he refers to inflation as a tax. - roosevans, on 07/18/2008, -2/+7Section 8. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
Congressman Dr. Ron Paul and myself are not economists but we know what our Constitution says about the monetary policy of our nation resting with the House Of Representatives not a central bank, Bernanke's Phd's be damned! - kdvwest, on 07/18/2008, -0/+5Wake up people..
- WisR, on 07/18/2008, -1/+5diggrnumber1,
If you are really interested in what is 'true' and are willing to do the legwork, read this book:
Money, Bank Credit, and Economic Cycles
And then try and convince yourself that any other form of macroeconomics, besides Austrian economics, is right. - Leadman584, on 07/18/2008, -2/+6Perhaps a little understanding is in order.
Our idea of monetary forms is severely lacking. The following video gives a great understanding and I advise every American to spend 30 minutes learning.
http://video.google.com/videoplay?docid=6732659166 ... - TruthExposed, on 07/18/2008, -1/+4That link has the following number of results:
"Results 1 - 10 of about 1,740,000 for federal reserve shareholders."
The time in between our comments was 2.42 minutes. That means you are reading nearly 12K web pages per second. You are REALLY fast!
Seriously, I am pretty sure the FED is mostly owned by European banks, but I believe Chase Manhattan owns a chunk. I have never seen reliable documentation either way.
"come back with a reliable source that cites real evidence and maybe i'll believe you." I made no statement regarding my beliefs - I would not believe me either. - inactive, on 07/17/2008, -0/+3Clueless ***** --^-- or shill.
ALL of the income tax goes to the fed ... doesn't provide for any services.
--"You talk about this tax as if the fed imposes it, and attempts to take your money."
O REALLY? {Because I thought you might have missed that point} - TruthExposed, on 07/18/2008, -2/+5" I am much more inclined to accept economic models backed by evidence ..."
"In fact, a basic thing you learn in an economics class is that absolute pure laissez-faire sometimes doesn't work due to market failure. Usually it does work, but sometimes it doesn't. Also, even though government intervention often results in a deadweight loss and Pareto inefficiency, it is sometimes justified because it can prevent future larger deadweight losses. This can be verified graphically and statistically."
This country experienced it's most rapid period of economic growth then the government took the hands off approach and people worked for gold. This is true in most developed nations.
Your evidence supporting your position is short lived at best. EVERY fiat currency collapses within 100 years. A debased currency provides short term prosperity, but they ALWAYS collapse or get re-based. Try applying the models and "proven" theories you mention for time periods in excess of 1 century and you will find that they do not work quite so well.
"Also, you should realize that the gold standard is inherently deflationary. This makes it unattractive to most economists due to the risk of the Keynesian deflationary spiral."
Who cares what economists like? I prefer a raise, and interest on deposits that increase in value.
"You should realize that before the creation of the Fed, the economy was much more unstable than during the last hundred years (even more unstable than it is now)."
Did you know the first 2 US central banks failed. The Fed is a 3rd attempt. - Lawofnations, on 07/19/2008, -0/+3Sorry if my reference was construed as broad in it's context. Specifically I am talking about the people I have personally warned and educated; it's in the hundreds. Many have woken up simply because I have bought products or services from them or offered to do so. They then watched the purchasing value of the Federal Reserve Note (FRN) do as I foretold.
I was in a bank a few years ago waiting for my buddy and the teller asked "May I help you?" I said "Sure, may I open an account with this?" as I held up a 50 dollar gold coin. Her eyes lit up and she said "No problem." Then the bank manager happened to look up and came flying over his desk saying: "That's only worth 50 dollars!!" I replied "No problem" and I held up a 50 dollar bill. "May I open an account with this 50 dollar bill?" The manager looked at me warily and said "Yes. But that gold coin is only worth 50 dollars!" I said "Okay. I believe you. I'll open the account with the paper dollars. But I want my withdrawals to be gold dollars." His face turned green, then purple, then some color I cannot even begin to describe as he screamed: "You can't do that! You can't do that!!" He knew the coin at the time was valued at 300 paper "dollars" and he was therefore either in violation of the equal weights and measures clause of the constitution or that the paper was not legal and lawful money and he was caught perpetrating a fraud in front of his employees and about twenty people who were standing in line watching the show.
Google up the name: "Robert Kahre". Do some reading on his operation and then get back to me. If you indicate you still desire more info then I'll be in touch. Thank you for your interest and again I apologize for coming across as callous. With over 600 concentration camps in this country designed for the termination of thousands I can't help but be disgusted with people's apathy. - TruthExposed, on 07/18/2008, -0/+3diggrnumber1: I do not have time to place the history of every fiat currency here on digg. What will cost considerably much less time is for you to find 1 single example to the contrary.
"the first 2 central banks failed due to political opposition"
And what do you think motivated that political opposition?
"you should care what economists think because they know what they are talking about and you don't."
If economists know what they are talking about, then why do they need jobs being economists? Maybe that is why so few professional economists are Austrian, that, and the Keynesian bias in most education systems. I am an Austrian, and I will very likely not need a job by my very early 30s - I get about 40% return on my personal investment portfolio,and have for the last 8 years. All I do is invest as any educated person would if they know the USD hyperinflates at 1000% year.
An economist, financial planner, investment manager who needs a job is not too different from an obese personal trainer. - NonServium, on 07/18/2008, -0/+3"If people refuse to use the remedy provided to them by congress I will not feel sorry for them"
Being a bit judgmental aintcha? How many people do you think really know about this? I'd never heard of this, and a couple weeks ago I joked with the teller when I was cashing a check that I wanted it in gold. She said something about them not having any. That makes me wonder how exactly you're doing this. Would you provide more information? - brad3378, on 07/19/2008, -0/+3
>>>our govmnt loves us and has prepared a special place for us in case of an emergency
http://digg.com/world_news/500_000_Plastic_Coffins ...
/conspiracy theory - NonServium, on 07/18/2008, -0/+3I'm doing just fine keeping up on the going-ons of the Fed, the NWO, etc. while continuing to watch and play sports, and to try and have as happy a life as possible.
I really don't know why so many people on here seem to target sports as an enemy of staying informed. - TruthExposed, on 07/18/2008, -1/+4http://www.google.com/search?hl=en&q=federal+reser ...
- 0nslaught, on 07/18/2008, -0/+2http://youtube.com/watch?v=BuBlLMIxcBc
- TruthExposed, on 07/18/2008, -0/+2If, by monetary policy, you mean enforcing a commodity standard, then yes. If you mean controlling interest rates and printing money at will, absolutely not - nobody should have the power to counterfeit.
- shakingfist, on 07/25/2008, -0/+2I use to read about the right wing wacko's in the John Birch Society in editorials in the NYT or on this or that public television news program. That was all I had to hear so I stayed clear of them and their dangerous ideas. Then a funny thing happened. I noticed that I was being consistently misled by this same media and I decided maybe everything they were telling me was not what it seemed. I think ira about time for America to wake up.
- quesi, on 07/20/2008, -0/+2That's a retarded statement. So anyone that speaks out against World Financial Control is against Jews? Are you sure you want to draw that parallel?
Talk about pushing a stereotype, sheeeesh! - Kent4jmj, on 07/18/2008, -0/+2There alway an exception to the stereotype.
- Leadman584, on 07/30/2008, -0/+1If you have watched the video, you understand now. There is no left or right, just two sides of one filthy coin. There are globalists, and there are Constitutionalist.
We either defend the Constitution we have, or we accept global control. The Romans went down this road, and failed. - inactive, on 07/18/2008, -0/+1i attacked the central idea in an earlier post above
- shakingfist, on 07/25/2008, -0/+1Not the anti-semite label again!!! diggrnumber1, you're a putz.
- dagnome1984, on 07/18/2008, -0/+1Attack the messenger and not the central idea?
- shakingfist, on 07/25/2008, -0/+1Nods.
- inactive, on 07/18/2008, -4/+2The Fed can't be privately-owned if they have no shareholders. And if they were privately-owned they would be bankrupt long ago, since they clearly have no profit motive. Within the last few years, the Fed has added almost $1 trillion in debt to its balance sheet.
- inactive, on 07/18/2008, -4/+2Firstly, Jefferson was not an economist. Secondly, the modern study of economics (beginning with Adam Smith) had just begun at that time, so Jefferson had no way of knowing anything about Keynesian economic theory or the more modern theory of monetarism. He didn't even have any way of knowing about Austrian economics, since it didn't exist yet. This quote doesn't mean anything since it draws off of no economic evidence. Just so you know, Jefferson was also opposed to urbanization, so clearly not all of his ideas make sense according to modern theories.
- inactive, on 07/18/2008, -3/+1Do you really want Congress controlling our monetary policy?
- inactive, on 07/18/2008, -4/+1Not the Rothschild conspiracy theorists again! You guys remind me of Nazis. If it weren't for your opposition to government intervention, you would probably be urging the government to conduct a second Jewish Holocaust.
- inactive, on 07/18/2008, -4/+1none of those are reliable sources. "usagold.com, saveapatriot.org, netonecom.net." come back with a reliable source that cites real evidence and maybe i'll believe you.
- inactive, on 07/18/2008, -5/+2the first 2 central banks failed due to political opposition. and you should care what economists think because they know what they are talking about and you don't. and i would like evidence for your claim that every fiat currency collapses within 100 years.
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