Herman Cain Exposed: The Federal Reserve ChairmanSubmitted by danbeaulieu on Wed, 10/12/2011 - 14:24
As most of us already know, the Federal Reserve [Fed] came under expansive scrutiny in 2008 after the housing bubble burst and reaped havoc on our dollar. What most people don’t know is why the Federal Reserve came under fire. The absence of that knowledge creates a lack of conviction and rectifying our economic problems can only occur when both knowledge and conviction are achieved. The majority of Americans perceive our Federal Reserve as necessary and integral to our economy, as air is to our respiratory system. Most people don’t understand the immoral inner workings of the Fed nor do they understand the unconstitutionality of it. People are often surprised when they learn that the fed is privately owned.
Ex-federal reserve chairman and now presidential candidate Herman Cain has repeatedly defended the Federal Reserve claiming an audit would be “counterproductive”. He also recently announced that he admired Alan Greenspan, the man who created the giant bubble that led to our current crisis. Given the understanding that Herman Cain must certainly have about the Fed, being that he was a Federal Reserve Chairman, his defense is inexcusable, irresponsible and immoral to the wellbeing of the American people.
In this document, I will take you over the failures of fiat money, the corruption it breeds and the negative effect it has on our savings. This document is for those who want to understand the Fed more deeply, I offer a moderate history of the Fed to hopefully elucidate the subject and display why Herman Cain would be a continuation of bad economic policy and immorality against the American people.
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford