Go post your conspiracy theory nonsense somewhere else.

Nobody in his right mind views American life before 1913, specifically before the Federal Reserve System, as some kind of utopia because people had "real money" back then based on gold

Dear Mark;

I clipped this comment of yours from economic collapse. I stuck it here, well because, I had to I guess.

Apparently nobody sees the irony of a libertarian like Ron Paul wanting to use the power of the state to rob the Fed’s private owners of their property rights. Libertarians object to the government’s terrorizing and looting of other private businesses. If Paul succeeds in destroying the Fed, wouldn’t its owners deserve compensation for this taking under the Fifth Amendment of the U.S. Constitution? And what colossal amount of money would that cost us in additional taxes?

And given the Fed’s allegedly bad example as an experiment in privatizing the functions of the government, wouldn’t its demise also bode ill for other privatization efforts on the libertarians’ agenda? “We want to privatize function X of the government.” “Oh, you mean like the Federal Reserve System? What a disaster that turned into!”

I am a staunch libertarian and although one might see irony here, I fail to see the irony at all.

You see it was government and greedy bankers who put the bank panic together in 1907 and used that as evidence- the sales pitch that President Wilson bought into.

The power Ron Paul is using is not the states. In fact, the Constitution specifically says the power of government rests in it's people. We are not conferred power-we are supposed to have it. That was the original idea although many folks' believe we survive at the mercy of the state.

Once it is understood that bankers are able to strip this country of it's wealth- that it is able to do this by controlling the QUANTITY of money then you will understand how this works.

They are able to create great giant bubbles by creating enormous amounts of cheap and easy money through the issuance of debt. When they have completely saturated the U.S. and the world with debt- the bubble bursts. You have been stripped of your wealth. They now own your house. That 15 trillion we owe? They have pledged you into slavery. They have promised their creditors that you will work and pay taxes. That is their only collateral. You.

A government owned fiat currency can work. Lincoln proved it with the greenback. The quantity can be controlled. That system worked. It failed to work when the greedy private bankers got their grubby mitts on it and the greenback was taken out. Every depression/recession that has occurred since 1913 occurred because the FED manipulates the QUANTITY of currency. The secret of oz or the zeitgeist series explain this best.

Please don't get caught up splitting hairs. If you care about this country at all, getting rid of the FED is an excellent place to start.

December 11, 2010 1:20 AM