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WAKE UP FOLKS... End The Fed Movement is a False Flag - says Andrew Gause

Currency Historian Andrew Gause argues to take over, Nationalize, The Fed and keep the profits with The People. End The Fed movement is dead on arrival and is keeping the attention off of the only solution to financial chaos.

http://www.youtube.com/wa...

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This guy makes some decent

This guy makes some decent points. Having our interest rate set by 28 people and paying them interest to do it is a horrible deal.
However, allowing the power to go to 535 people without interest is only a notch up the scale, still remaining a bad deal.
One is in the bankers best interest, one is in the governments best interest.
The people's best interest is the power remaining in the market (which IS the people) and in the value of the money itself.
He did admit he likes gold. He just also likes government control.

"You are not what you think you are, but what you think.....you are".
- Unknown

"You are not what you think you are, but what you think............. you are".
-Earl Nightingale

Fed vs Nationalization

This may sound like heresy here but I'd prefer the rotten Fed to a banking industry wholly owned by "the people".

Of course, free market banking would be preferable to either.

Greenbacks

Wouldn't this be the same as what Lincoln did? We would still have fiat money.

I take it you didn't read

I take it you didn't read the Austrian Business Cycle Theory...

Because if you did you'd know that interest rates should be set by the marketplace and not by a small group of individuals.

It doesn't matter whether the Fed is privatized or nationalized, because the institution itself is damaging to an economy because it sends the wrong signals to investors and creates all the painful distortions.

I suggest you read this:
http://mises.org/story/672

I thought that I would have to pay to see Alice in Wonderland

But it showed up on the DP for free
One thing about socialists - is that they can't figure out economics for the life of them!!! 8)

www.Umake.it - The online resource for the Hand Made Society

Sounds like nonsense to me.

Or maybe I'm not sophisticated enough to understand how this could work constitutionally.

This seems to justify the very idea of a central bank.

I think THIS guy is the false flag, and I don't think Ron Paul or the Austrian School would have anything to do with this idea.

But I could be wrong and will listen to any further explaination.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Nationalizing the Fed won't save the dollar

This guy doesn't get it. He believes you can continue to get something for nothing. He says so in the first 12 seconds. The fact that the Fed makes such a huge profit by counterfeiting IS the corruption. The fact that "the bankers" get more of the spoils than "the American people" is irrelevant.

Printing up treasury notes to replace FRNs doesn't solve this problem. Doing so would still amount to a repudiation of the debt. Pay out bond holders in new treasury notes that pay no interest and they would flood the market, thus causing hyperinflation. If the treasury issues bonds that pay interest in the new notes, then what has been solved? Nothing. It's back to the exact same dilemma.

The problem is that the government has already spent too much money. It needs to stop spending money and instead pay back what it borrowed, with interest. But it can't do that because it has no ability to create money. All it can do is take it from someone else.

Here's the government's options:

a) Issue more bonds to the Fed in exchange for new currency. Use the new currency to pay interest to existing bond holders, fund welfare and warfare. In other words: take from foreigners and give to all Americans. (Giving some A LOT more than others!) Slowly inflate/devalue the US dollar, trying not to spook holders of dollars or dollar denominated bonds. This is the status quo. Eventually other countries will figure out ways to bypass this in order to avoid giving Americans something for nothing. The more that do the more others will be pressured to act. Eventually, due to ever rising inflation and interest obligations, we will reach a breaking point where b), c), or d) must be chosen.

b) Refuse to honor bonds. In other words: take from bond holders and give to all Americans. Unfortunately since Americans have already been given the benefits, all they would be "given" in this case is cancellation of their portion of the debt. As a consequence, US currency would be seriously devalued compared to other currencies. The cost of imports would skyrocket. Hyperinflation. On the bright side, many jobs will be created. People are eager to work when it's a choice between working or starving to death.

c) Stop issuing new bonds, cancel unfunded benefits, seriously cut funding to existing services, raise taxes, continue to pay out existing bond holders. In other words: take from Americans and give to foreigners and those Americans who hold bonds. Of course, there are not enough dollars to pay everyone back with interest. And every time a payment is made dollars are destroyed. This is a deflationary scenario.

d) Initiate WWIII. Win or lose, if half the world is dead everyone will probably just forget about this debt... And after all, those pesky countries that were trying to avoid being a part of a) were really asking for it!

Now, in consideration of the Administration's rhetoric, which do you think is most likely?

Someone else had this idea a long time ago


That is, to nationalize, or federalize the Federal Reserve.

I don't know enough about the specifics, to know if this is a rational idea, or what Ron Paul might think of it.

But what Rouse is proposing is certainly better than what we have now. I didn't hear the 'False Flag' comment.

I think it is healthy to hear different viewpoints here. If you disagree that is just fine. As a moderator, I have no problem with this. If someone else wants to spike it, that is their decision.

TROLL! Remove?

Hey - this user is only 9 hours old. This is non-supportive to the site & cause. Shouldn't a Mod remove?

Obama = O.ne B.ig A.ss M.istake A.merica

Obama = O.ne B.ig A.ss M.istake A.merica

Welcome Trolls

We should welcome dissenting views. We need them to challenge our views so we can galvanize our positions.

Did you watch the video?


Whether the poster has been on Daily Paul for a few hours is irrelevant. We have had people here for a couple of years and they rarely come up with something that presents a different viewpoint about the FED mess.

I gather you didn't watch or listen to what was offered. It might be OK. I am not an expert in the way the Fed and the Treasury work, but someone else had the idea of 'Federalizing' the FED some years ago.

And, to a poster further down the thread, he did indeed talk about returning the money to the citizens. Will this work? Are his ideas sound? I don't know. But it's good to listen to everyone, even if you disagree.

on the other hand...

Maybe it's healthier to face competitors and learn to match their wits?

You can always take your ball and go home, but you're not likely to improve your game that way.

ditto that.

.

Already being done -

Why do you think a lot of us have been here as long as we have? It's also the reason the message has come this far. This, on the other hand is non-supportive which is breaking DP guidelines. We'll leave it up for majority rule tomorrow.

Obama = O.ne B.ig A.ss M.istake A.merica

Obama = O.ne B.ig A.ss M.istake A.merica

the market place of ideas

yes, indeed (even though that gives us religion threads without end)

Define We ?

We would be the house slaves to the Fed. Getting rid of the central bank, aka THE FED is just the first step

WHATEVER!

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
---

You tell me! Do we really know what's going on?
http://www.youtube.com/watch?v=WH8Tchm4NKQ

government of the people, by the people, for the people
---

this guy thinks you can nationalize fraud

let me get this straight. he thinks we can stabilize our economy and enrich the future generation, by defrauding ourselves and stealing from future generations?

does he also believe lincoln was born in a log cabin of which he built with his own two hands? or that the egg came from a chicken of which it hatched?

does he imagine that we can just print up wealth from a printer?

what a nincompoop.

hmmm...

My thoughts exactly...

"The politics of failure have failed! We need to make them work again!" Kang

-=Sui Juris=-

On one level........

It would be good for transparency but the American people are so asleep that it would not matter. Andy sounds like someone who has never read anything Ron Paul has written. Ron always falls on the side of caution when it comes to the American people. Ron clearly understands the need for a transition period. I mean he has stated before that the first thing to do is allow competing currencies (free market.)

The Fed has done a lot of repositioning into hard assets and by the time something like this were to occur it will be cheaper to wipe your butt with a dollar bill then a sheet of toilet paper. When nationalization fails, then the New world currency will be presented as the only solution.

That's one way I see it playing out.

Worst idea since healthcare

Worst idea since healthcare reform.

reedr3v's picture

He thinks we can nationalize the scam

and go on looting the rest of the world forever. Oh, and federal businesses will magically start turning profits for us all to share, cute fantasy.

Nothing to WAKE UP to

If the decision was made to abolish the FED there would have to be a reasonable transition. Nationalizing the FED in the short term would seem to be the transitional answer.

The government never does

The government never does anything short-term. If they get their hands on the fiat machine, they will not let go until the US collapses.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

This line of thought is

This line of thought is straight from the Communist Manifesto. It's got more holes in it than Congress in joint session. But it seems to be gaining traction, along with the "Nationalize Everything" movement. Even Karl Denninger featured a link to a video that pushes the government counterfeiting greenbacks. Karl?? He did say he didn't agree with "everything" in it.

How did someone who's been a member for two hours manage to get a YouTube clip embedded? Well done, Omega3. I love your fatty acids. YouTube videos, not so much.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

lol ^^

"This line of thought is straight from the Communist Manifesto. It's got more holes in it than Congress in joint session."

ahaha :D

Jake Towne's picture

Call me FED killer

Nationalizing the FED will not stop the plundering. Returning the Money Power to the People needs to be done, but with gov't involvement??? Self-defeating morons.

Those who want to nationalize the FED and stop there are the false flag attacks - nothing will change

http://towneforcongress.com/economy/end-the-fed-then-what-th...

TowneForCongress.com

Jake Towne
2010 Candidate for US Congress, PA-15
Liberty, Sound Money, the Rule of Law, and Accountability
TowneForCongress.com

Andrew Jackson killed the Bank before...we can do it again

Saying that we need the Fed is like saying that we can't rule ourselves.

WE CAN RULE OURSELVES IN EVERY WAY SHAPE AND FORM...INCLUDING OUR ECONOMY!

No one, not even "we" should

No one, not even "we" should rule the economy.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Absolute Nonsense

The Fed is unconstitutional whether or not it is nationalized.....this is just an attempt to spin the controversy in favor of the FED....HELL NO!!!!

Is life so dear or peace so sweet as to be purchased at the price of chains and slavery? Forbid it, Almighty God. I know not what course others may take, but as for me, give me liberty or give me death.”
– Patrick Henry, speech to the Virginia Convention

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