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The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers.
Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been rejected by free-market economists, the myth persists that central banks are a necessary component of market economies.
Not content with its failed attempts to prop up the US economy, the Fed has set its sights on bailing out Europe, too. Through currency swaps, it has committed to offering potentially hundreds of billions of US dollars to the European Central Bank and we cannot rule out the possibility of direct intervention.
The Fed’s response to the crisis suggests that it believes the current crisis is a problem of liquidity. In fact it is a problem of poorly allocated investments caused by improper pricing of money and credit, pricing which is distorted by the Fed’s inflationary actions.
Control of the world’s economy has been placed in the hands of a banking cartel, which holds great danger for all of us. True prosperity requires sound money, increased productivity, and increased savings and investment. The world is awash in US dollars, and a currency crisis involving the world’s reserve currency would be an unprecedented catastrophe. No amount of monetary expansion can solve our current financial problems, but it can make those problems much worse.
Originally posted by reeferman
reply to post by seabag
can't wait to have RP as POTUS...
so he can deal with these banksters
& the repercussions of their manipulations directly..
by setting us on the path to a sound currency...
Originally posted by babybunnies
ONly way to a sound currency is to go back to the gold standard, or remove fractional banking.
The last two Presidents who tried to manipulate currency back to control of the Government were Lincoln and Kennedy. See what the banksters had done to them.
Originally posted by seabag
reply to post by reeferman
I'm not sure we'll see RP as POTUS but one thing is certain, he's the only man who truly understand the deeper problems with the FED or has the stones to take them on. I have no reason to believe Romney would.
Paul says “Next Crisis will be More Destructive”
I love how the RP people think you are supporting him now...Just don't get sucked into the rhetoric seabag. But I agree this is what I like about RP. and that's it!!!!!
this is an idea conflict not personality conflict so its not personal!!!!!
OK seabag, put up or shut up on the FED.
This is stuff designed by Financial Engineers for reasons we the common people dont have any understanding about.
It is for this reason people would due to lack of confidence in something else, panic with the onset of attack of the FED.
By that very nature, the fear of the unknown, that We the People will continue to reject Ron Paul and why opposition of Paul be successful at discrediting him.
The put up or shut up is,THEN WHAT?....The United States is very close to following the course of Greece of even Egypt because its very vulnerable to Band Wagon Knee Jerk reaction...
Its only going to take a few more Naive People to tip that boat. Yeah, I have said bring it, but,,,
THEN WHAT............what is the alternative?
put up or shut up....its a dilemma, isnt it....and a very real one with some very real consequences
Originally posted by knightsofcydonia
I highly recommend his book Liberty Defined if you have not read it already.
I can't wait for Ron Paul to become President of the United States, such a brilliant man.
Besides the whole putting the blame on banks instead of capitalism as a whole, It sounds like something a marxian would claim.
What are your thoughts, Rebel? Should I fear the foreign policy and legal drugs (you know damn well if he turns it to the states you’ll be able to buy coc aine at 7-11 in Cali) or should I take a chance on that and go for the only guy who will go afte the NWO?