-12 votes

Critique of Ron Paul End the Fed

Stephen Zarlenga writes:

Infrastructure repair would provide quality employment throughout the nation. There is a pretense that government must either borrow or tax to get the money for such projects. But it is a well enough known, that the government can directly create the money needed and spend it into circulation for such projects, without inflationary results.

First, incorporate the Federal Reserve System into the U.S. Treasury.

Second, halt the banks privilege to create money by ending the fractional reserve system.

Third, spend new money into circulation on infrastructure, including education and healthcare.

Richard C. Cook writes:

I worked with Steve [Zarlenga] on his first draft of the American Monetary Act. The time came when Steve and I began to meet with Congressman Dennis Kucinich, briefing him and others in Washington on monetary ideas.

So much has happened since then. So many more people have become aware of the evils of the debt-based monetary system. We have seen Congressman Ron Paul ignite a national wave of revulsion against the Federal Reserve System. There is now even hope that the American Monetary Act might be introduced on the floor of Congress.

Ron Paul writes:

While a gold standard would be a wonderful thing, we shouldn’t wait for one before we end the Fed… An end to the money-creating power and a transfer of remaining oversight authority from the Fed to the Treasury would be marvelous steps in the right direction.

So we see that Ron Paul’s proposal is essentially the same as that of Stephen Zarlenga and his man in Congress, Dennis Kucinich. Like Paul, Zarlenga also believes that a gold standard is a wonderful thing, provided that it does not have to actually be implemented. Since Paul has no concrete plans for implementing a gold standard, he and Zarlenga are united in their desire to incorporate the Federal Reserve System into the U.S. Treasury as quickly as possible.

Click here to read the rest of my critique.

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Shaka - you are clueless. Paul is NOT even close to saying the

same things as Zarlenga.

Why must you insist on trying to paint Dr. Paul that way and then argue against the strawman?

Why can't you just deal with the actual words spoken by Dr. Paul HIMSELF?

-Because you are clueless, that's why. You know Dr. Paul is right. You know you have no game. So instead, you try to paint him as agreeing with something he does not, and then attacking that something.

You need to look up the term "logical fallacy."

I judge people by their actions, not their words.

I judge people by their actions, not their words.

I judge Ron Paul by the content of the bills he sponsors, not by the sound bites he feeds to his illiterate followers.

That means HR 2768.

____________________________________

Shaka, you so crazy! www.axiomaticeconomics.com

No, you attempt to paint HR 2768 as something it isn't.

Then attack it as if it were that "other" thing.

That is plain silly.

Here's your process:

"Dr. Paul supports Blue."

"Blue isn't blue, it is really Red."

"That's because some other guy who is evil says he likes Red."

"Red is evil."

"Therefore, Dr. Paul supports evil and that other guy who likes Red which in my imaginary world is another word for Blue."

The problem is that Blue is NOT Red - but you can't seem to grasp that simple concept.

the sniper threads were more popular.

go back to them. you are out of your league.
have you been hanging out with the cheesy one? just curious....

Competing currencies would place real money in people's hands.

No more IOUs from the Federal Reserve. We are being coerced by our own credit, and it is miracle there hasn't already been a lethal response to this.

Two different things


The Zarlenga/Kucinich/Nader approach attempts to make the Federal Reserve subservient to and subordinate to the U.S. Treasury, and have it print debt-free money, with no fractional reserve lending. This is an ambitious proposal. It is mostly the correct approach, but has one fundamental flaw. You will never get J.P. Morgan, Chase, Goldman Sachs, Rockefellers, etc. to be subservient to anyone. They would never accept a dimishished role -- you have to defeat them.

Ron Paul's proposal is quite different: He just says that there should be competing currencies (gold, etc.) to go in parallel with the existing Fed structure. This is a far less ambitious proprosal. The fundamental flaw here is that it would NOT change that much. Yes you heard that correctly, Ron Paul's proposal would not "End the Fed" at all. As long as the FED's dollars remains legal tender, and therefore digital transactions, taxes, your monthly bills, paychecks, etc. are all based upon it - then the Fed would indeed continue to distort our money, create debt, and control (ruin) the Economy.
__

So the correct answer here is similar to the goals of #1, but does not involve an attempt to "put the FED under anything" (which they would never cooperate with).

It is exactly what Abraham Lincoln did, and what Kennedy tried to do in 1963 (note: both men were assassinated).

Answer: Have the U.S. Treasury bypass the Federal Reserve (as if it never even existed) and issue the money directly with no debt, and no fractional reserve lending. Under this model, there would be no usury, no exponential debt-generation, and the existing debts could be paid-off with no additional borrowing required. With this approach the J.P. Morgan, Chase, Goldman Sachs, Rockefellers, Rothschilds, etc., would have no jurisdiction over the control of our Nation's money. They would be bypassed, and lose all their power. And that's why this is the real answer. United States Notes would replace the manipulated and privately controlled Federal Reserve Notes.

Our Country would then be free, and Wall Street would lose its power.


Hi Shaka

Monetary socialism?

I would think money is a root to all socialism, eh?

And yeah, I agree that RP's, "End the Fed", abets a NWO Global monetary/goverment more than going back to San Francisco 1905.

Explain

Granger,

Please explain your comment "...I agree that RP's End the Fed" abets a NWO global government than going back to San Francisco 1905."

Thanks.

Also, I've not downed or upped the arrow to your comment.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton Forest Dutton, MD, in his 1916 book whose subject is origin (therefore what all healing methods involve and count on), simple and powerful.

Hi A-B--B-A

Before what most call the San Francisco earthquake, for really, much of CA shared the destruction, San Francisco had 37 national banks, filled with gold and silver. We are not going to go back, because the gold/silver mines are all discovered and owned and no one is gonna shout, "Thar's gold up in them hills!" even if there was.

That said, the idea of a NWO is OLD at this point. Matter of fact, the Old World order is the Universal Catholic Church which has had global power for hundreds of years. The secular world didn't have a chance until the UN, but the UN, as some believe here, is corrupt by the elite, who have the power and use it to keep themselves and their puppets in power.

What kind of a global government do we want? One that respects people and property, protects rights, seeks truth to wage justice? Do we want to trade blood for oil?

Ron Paul is LEADING many of us to a remarkable place, where we are not afraid, or filled with rage, but instead, willing to wage peace. This is a global leader to me, and why I support Ron Paul (among other reasons).

A-B--B-A, I take no offense being "rated" down. I would rather be rated down, than for RP to win and then be as dissappointed as Bush or Obama voters.

Ron's Drive to End the Fed, Arrows

Hi, Granger,

I've heard of NWO, too. From what I think, it's bad. In no other context than bad is what I've heard about it, which is why your comment confused me. I assumed you think it's bad, too, and I've not met anyone who talks about NWO well.

So, when I saw your comment, I thought, That's an interesting comment and I must ask this person why he or she thinks Ron's push to end the Fed helps usher in the NWO. Still, I'm confused. If you want to explain why you think his desire to end the Fed helps bring in the NWO, I'd like to read it.

I just don't see how its end alone would bring about the NWO. But I do understand if its demise and money creation was moved to a global monetary body would create the NWO. To counter that move, though, is, I think, Ron's three decades-long call for competing currencies, a topic Austrian economist Friedrich von Hayek advocated.

Regarding the arrow indicator, I wanted to inform you I didn't up or down the arrow because I wanted you to know I wanted to hear you out, hear your answer, instead of being presumptious. When I up or down the arrow, which is on occasion, I do so if I agree or disagree with the post or comment uniquivocally. In this instance, usually I don't leave a comment, but if I do, the comment's short. If I have time and I'm in the mood to explain, I'll explain whether I disagree or agree with the person.

If I'm unsure about a post or comment, based on it and what its author has written, I'll pass or reply. If I reply, it's so I understand where that person is coming from and is going to and evaluate it to what I think to determine how I'll proceed. Usually I don't concern myself with the arrow when my reply is long because it should show what I think.

Again, if you want to explain why you think Ron's drive to end the Fed will usher in the NWO, that'd be great. Thanks for your time, Granger, and have a good rest of your day.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton Forest Dutton, MD, in his 1916 book whose subject is origin (therefore what all healing methods involve and count on), simple and powerful.

Hi A-B--B-A

I don't believe that ending the fed alone would bring on a NWO, after all, since Bush Senior's famous moment of delighting in establishing a "New World Order", the US has expanded nation building and international banking like the IMF and others.. and Ron's idea works to put it all together, in competing currencies. It does not stop a NWO.

I see that this morning, "London is on fire". For those who think of the US as a colony of the crown, this is a particularly poignant moment in history, as it's worse than seeing the old White House Burning on an international level, especially while stocks are tanking globally (meaning the ultra rich are getting bargains galore).

I wish Ron Paul was in office, and I'm glad he's running because I feel safer knowing there's someone in government who can move forward while retaining integrity and respect.

The Last Piece of the NWO Puzzle: Competing Curriences?

Ron's idea works to put it all together, in competing currencies. It does not stop a NWO.

So, Ron's idea -- competing currencies -- would put all of the NWO components together, creating the NWO?

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton Forest Dutton, MD, in his 1916 book whose subject is origin (therefore what all healing methods involve and count on), simple and powerful.

Hi A-B--B-A

I am not any kind of an expert on the subjects A-B--B-A.

I don't know or see anyone besides RP leading the US in an economic direction, such as auditing the Fed. IMHO, We are already in a NWO in that I can walk into my grocery store and see a box of Ginsing from The Peoples Republic of China. We not only openly trade with communist China, we are indebt to them, and they love gold. Eu/AU/IU/NAU/SAU all these new unions needing currency to compete with.

Repeat Currency Question

Hi, Granger,

I am no closer to understanding what you said, so I'll rephrase what I asked:

Will competing currencies create the NWO? Yes or no is OK but it with an explantion would be great. :)

My question is based on what you said:

Ron's idea works to put it all together, in competing currencies. It does not stop a NWO.

Take your time replying. Think it through. I want to know what you said. :)

-ABBA

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton Forest Dutton, MD, in his 1916 book whose subject is origin (therefore what all healing methods involve and count on), simple and powerful.

Hi A-B--B-A

Respectully; I don't know A-B--B-A, but I would hope the NWO employs competing currancies (though I doubt they will). I believe the NWO is global government, such as UN Agenda 21: Sustainable Development http://citizenreviewonline.org/sustainable.htm

Why NWO to Create Competing Currencies?

Why would you want the NWO of all things to create competing currencies??

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton Forest Dutton, MD, in his 1916 book whose subject is origin (therefore what all healing methods involve and count on), simple and powerful.

Hi A-B--B-A

It's not a matter of what I want A-B--B-A. I'm here to learn, or I try to learn.

I thank you for this conversation as it led me to explore the UN Agenda 21, where I found Chapters 33 - 38 (econmic and banking) and I discovered we have a North American Bank that does lending for NGOs, amazing. Facinating how our world is changing.

Confused, but We'll Move On (if You'd Like to)

Well, about what were discussing, still I'm confused on what you said, that Ron's wish for a competing curreny would be the last brick in the wall for completing the NWO -- orrrr if not that, then the NWO should create competing currencies. I just don't know what it is you were trying to say. :p I wish I knew what you were trying to say. Oh, well.

Anyway.

What'd you find in your research about banking and economics? What's this North American Bank you mentioned? Sounds bad. Real bad.

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton Forest Dutton, MD, in his 1916 book whose subject is origin (therefore what all healing methods involve and count on), simple and powerful.

Hi A-B--B-A

I'm not happy to leave you confused, or most especially feeling that there is something bad, real bad, Ron Paul is involved. Ron Paul is a great leader.

Being Ron Paul is a congressman, one might say he is associated with a group that is bad, eh?

The UN Agenda 21 exists. Chgapters 33 - 38 explain the economic structure. I would have never know about any of this if it were not for Ron Paul rEVOLution, and why I claim that Ron Paul's issue with the Fed, would not be an issue, if it were not for the UN Agenda to be actively adopting a global banking system, as described in chapters 33 - 38, which I am still reading.

I am no Ron Paul or even an investor. I'm sharing my observations and they may not be correct. Every now and then, someone like this Shaka, posts something that I don't feel that I am alone in my thoughts.

Just Two Questions

Yes or No is sufficient :)

1) Do you think Ron Paul is trying to end the Fed to help establish world banking?

2) Do you think the NWO people should create competing currencies worldwide?

School's fine. Just don't let it get in the way of thinking. -Me

Study nature, not books. -Walton Forest Dutton, MD, in his 1916 book whose subject is origin (therefore what all healing methods involve and count on), simple and powerful.

Hi A-B--B-A

Hi A-B--B-A

No, it is not RP's intent (like nation building was not Bush's intent), but it could be a step in establishing a NWO banking system.

Yes, I just came across the term "Solidarity economics" and "Time banking". There's going to be a class this weekend. I think you might enjoy reading the UN Agenda 21, it's on line.

Maybe you should talk

to Greenspan about economics. He says we can print dollars to pay off everything. Hmmm, I think Zimbabwe does that and several other countries tried that. Maybe you can teach him something.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Nonsense

What's your point?

Ron Paul wants sound money and a free market. What's so difficult to understand about that?

Central bank

This number 5 of the ten planks of the Karl Marx communist manifesto and is what we currently have:

5. Centralization of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.
Americans call it the Federal Reserve which is a privately-owned credit/debt system allowed by the Federal Reserve act of 1913. All local banks are members of the Fed system, and are regulated by the Federal Deposit Insurance Corporation (FDIC) another privately-owned corporation. The Federal Reserve Banks issue Fiat Paper Money and practice economically destructive fractional reserve banking.

http://www.libertyzone.com/Communist-Manifesto-Planks.html

BTW, all ten planks are and - have been for some time - fully institutionalized in America. Only the willfully ignorant cannot see this.

Abolish the fedrev!

The treasury COINS money

out of the people's gold or silver that they have had assayed at a US Assay Office, and it is spent into the economy by the people.

I'm not sure where you get this "the treasury prints money, and Congress spends it into the economy", unless you are a proponent of the federal Reserve System or are a Greenbacker.

There should NOT be 100% "reserves" at all.
The coin itself is the value of the money, according to the weights and measures in the Constitution.
If you don't have gold and silver, you don't have money. You might have something to barter, or some note that people might accept for payment, but you don't have MONEY unless you have gold and/or silver in this country.
"Reserves" are for some crook who plans to hoodwink people with fake "money" that he says he can back with some commodity.

There is no call for a "gold standard".There is a call for "sound money made of gold and silver in Constitutionally-approved weights and measures". I don't know of anybody calling for a "gold standard".

I have a more recent critique of Paul's proposed legislation.

In January I wrote a critique of HR 6550 which had expired in committee at the end of the 2010 congressional session. However, the author of that bill, Stephen Zarlenga, vowed to reintroduce it in 2011 after getting his man, Ron Paul, appointed Chair of the House Sub-Committee on Domestic Monetary Policy.

Critique of HR 2768 (formerly HR 6550) sponsored by Ron Paul, written by Stephen Zarlenga

You will notice that nothing that Zarlenga has written (and Paul has sponsored) mentions the gold standard. It is straight-out monetary socialism.

My Critique of Austrian Economics from 1930 to 1990 makes no mention of monetary socialism because, as of 1990, no Austrian economist (including Ron Paul) believed in monetary socialism. But that was 1990 when Paul was still a young man. Now, in his old age, Paul is no longer an Austrian but a believer in the Debt-Virus Theory.

The theoretical justification for HR 2768 is the Debt-Virus Theory and NOT Austrian Economics. Read it yourself and tell me if you can find anything in there about the gold standard.

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Shaka, you so crazy! www.axiomaticeconomics.com

Your critiques are not of Dr. Paul or his legislation - they are

of Zarlenga's American Monetary Act.

Your logic circuits are fried.

Not everyone who wants to end the fed is a free marketeer.

Kucinich, Zarlenga, et al are socialists. Clearly, Ron Paul is not.

Not all Brits love the Queen:

http://www.youtube.com/watch?v=-r_i1_kAyVQ

re: Critique of Ron Paul

Shaka,

Interesting connections you are trying to make here.

Do you disagree with Ron Paul's suggestion to allow competing currencies and let the People (free market) decide what to use as a medium of exchange as described on page 205 of "End the Fed?"

Just curious...

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!