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Ron Paul's Texas Straight Talk: The Fed Twists, The Markets Shout

Submitted by shifty1032231 on Tue, 10/04/2011 - 12:29

Economy

http://youtu.be/kjmAVdbdAgI

Transcript: http://paul.house.gov/ind...

Just think of all the old people who buy government bonds

Submitted by Henry on Tue, 10/04/2011 - 23:00. Permalink

as a "safe" place to put their life savings. They are being robbed blind, getting paid interest rates that are being held at insanely low levels, while at the same time the FED is driving down the value of the money these people hold.

This is just more criminal activity by those in power; paying less than 2% on 10 year bonds, while banks charge in some cases somewhere around 25% on credit cards, and while the real rate of price inflation is around 3.8%.

Stealing from old people by manipulating interest rates, creating massive unemployment for the younger population, stealing from workers with the Social Security scam, and bringing us to the doorstep of revolution; this is what these sociopaths in power do to people in order to live the good life.

And so what do the American people do, demonstrate in the streets for more government control and vote up in the Republican polls a former member of the board of directors of the Kansas City FED in the person of Herman Cain.

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"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley