Forum Post: Ron Paul on Occupy Wall Street
Posted 13 years ago on Oct. 19, 2011, 7:19 a.m. EST by quietlike
(194)
This content is user submitted and not an official statement
Accurate description? Thoughts? He mentions the FED, and arresting bankers and politicians involved in the economic mess... During the S&L crisis in the '80s, hundreds if not thousands were arrested. Anyone disagree that the FED and govt caused the crisis? http://www.youtube.com/watch?v=8cGwDJ0C0X8
"Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of the day." Theodore Roosevelt, April 19, 1906
If you look at all the problems in this country, you will find that the Federal Reserve is at the root of almost all of them.
This pretty much sums it all up for everyone involved, and it's cheap.
http://www.smashwords.com/books/view/94223
Plutocracy is the glue that needs to be undone...to separate corporation from government
Beautiful, thanks for the link. Reposting this at the new forum.
One reason we have the FED is to prevent seasoned politicians like Ron Paul from printing money at will.
Almost every country w/o an independent Federal reserve has soaring inflation; eg. Zimbabwe.
The problem with the FED is Ron Paul.
We are experiencing some of the highest rates of inflation now that we've ever seen in our history. The Federal Reserve has been largely responsible for this since the appointment of Alan Greenspan, and the creation of the bubble economies that Ron Paul was referring. It's also pretty well documented in Matt Taibbi's book, Griftopia. The Fed started lowering interest rates, and forcing people into the more lucrative commodities markets, and out of traditional savings in banks. Interest rates fell for the past thirty years, and only really treked back up once. That was a year after Greenspan told everyone to get away from traditional mortgage loans, and get into more exotic/ creative type loans. This was around 2001. Then he continued to raise interest rates 17 times, and squeezed the shit out of everyone. Since then, interest rates have been at almost zero percent since 2008. That's because the Federal Reserve is pumping money into the economy and they can't print it fast enough to lend to the banks to buy all their toxic debt.
I really don't know what you're talking about.
Umm, when was the last time the FED didnt print money? Why should a private bank have control over money supply and be allowed to artificially set interest rates?
The question is, why do we need a central bank at all? Why do you think that people can't decide on money themselves? Ive seen many ideas for alternate currencies, why should there be a restriction on what people can decide to accept as payment?
And I think what's even funnier about your comment is that we actually rank one below Zimbabwe in income disparage, so great example.
The fed allows for the elastic money system, where you can print money without having anything to back it up. Without the fed, you can't keep printing money. There's a fixed amount.