He is the former chairman and CEO of Godfather's Pizza and a former deputy chairman (1992–94) and chairman (1995–96) of the board of directors to the Federal Reserve Bank of Kansas City.
However, if you did some research, you would soon discover that Cain was a Class C director and not allowed to deal with the banking industry. Bet you didn’t know there are 3 clases of directors with different and specific duties.
and as such:
Three Class C directors also represent the public, but are appointed by the Board of Governors of the Federal Reserve System. This adds another layer to the blending of public and private control over the nation’s central bank. The Board of Governors also selects both the chairman and deputy chairman of each regional Federal Reserve Bank’s Board of Directors from among the Class C directors. These directors are highly insulated from banking relationships. They may not be an officer, director or employee of a bank or bank holding company. Additionally, these directors may not own stock in a bank or a bank holding company.
Cain was selected due to his business acumen.
"Yes I believe in the gold standard. We should have never gotten off the gold standard because when we got off the gold standard, that then allowed Congress to inflate our currency whenever they overspent. Now look at the mess that we have," Herman Cain said.
Originally posted by TDawgRex
America will need an insider to help bring down the Fed. You can't just have it one day, and not the next. It would be disastrous. There will have to steps taken and the populace would have to be appraised as to how things are going to happen so they don’t freak out.
I like Cain and Paul. And together I think they could take it.
I believe that Paul should be POTUS as he has more experience in the swamp, thus allowing Cain to get his feet wet.
edit on 28-9-2011 by TDawgRex because: (no reason given)
Originally posted by notquitesure
I want to learn more.
Cain recently indicated that he didn't think there was any need to audit the Fed (or words to that effect). I found that disconcerting at the least.
Cain also said during the debate that he would choose Newt as a running mate from all the people on stage. You don't get much more inside than Newt.
I haven't given up on Cain completely, but my gut tells me that he would be status quo. Paul and Johnson are the only two I've heard from that I honestly believe would strive for significant change.
Like I said, I want to learn more.
Cain said Paul’s fan have “stretched the truth” by accusing him of not wanting to audit the fed.
“I have never said that,” Cain wrote. “I have said: ‘I don’t think you’re going to find anything to audit on the Federal Reserve.’ But they want you to believe that Herman Cain doesn’t want the Federal Reserve to be audited.”
Read more: dailycaller.com...
Well guess what they NEVER talk about in these interviews/articles? That he was head of a federal reserve branch.
Even in the debates they don't talk about it. NEVER.