HuffPo: How Long Before the Fed's Days Are Numbered?
Submitted by xntryk1 on Wed, 07/08/2009 - 11:01
by Michael J. Panzner
July 7, 2009
It's no stretch to say the Federal Reserve is garnering a lot of attention these days.
On Wall Street, there's a big debate over whether the Fed's next big move will come too soon or too late. In Washington, the Administration is promoting a plan to give the central bank new powers to oversee systemic risks. Over in the House of Representatives, maverick Republican Ron Paul has gathered more than 245 co-sponsors for a bill requiring an audit of the Fed. In the media, there are questions about whether President Obama will allow Fed Chairman Ben Bernanke to keep his job when his term ends in January. And finally, some commentators are wondering whether this allegedly autonomous institution will retain its independence in a post-crisis world.
But few seem to be asking what I believe is the key question: how long before the Fed's days are numbered?
Before you dismiss my words as a rant, hear me out. Why, for example, is the power to commit substantial resources on taxpayers' behalf, to influence many of the most important commitments and relationships of businesses, individuals, and governments, and to initiate economic and regulatory policies with far-reaching consequences, in the hands of unelected officials with unexceptional abilities and no real accountability?
And even assuming the current arrangement has been the default choice up until now, does that mean things are destined to stay that way? The financial crisis has forced many people to rethink all sorts of assumptions, structures, and approaches. Against this backdrop, there are many reasons to believe that the broader question of why we have a Federal Reserve at all will gain traction in the period ahead.
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the amazing thing is that if
the amazing thing is that if it wasnt for the Ron Paul campaign exposing the Fed, no one besides congressional leadership would even be talking about this.
Ventura 2012
By end of year we have a new era
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Systemic risk? Plese show me a definition of it.
No one in congress or the fed had a definition for "systemic risk" at yesterdays hearings. I don't know what they want to guard about if they don't know what it is.
Excellent article...
and the comments as well...
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
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
the FED is public enemy
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randpaul2010.com
schiffforsenate.com
kokeshforcongress.com
rjharris2010.com
NUMBER ONE
_________________________________
My liberty-minded home base of thought:
www.ponderthis.net
_________________________________
Freedom - Peace - Prosperity
Your actions determine your character.
www.ponderthis.net
Aside from my thoughts on
Aside from my thoughts on the Federal Reserve, that was a good article. Kudos, HuffPo.
The more you understand it...
The more the Fed certainly deserves the title of a "Public Enemy" as it appears it's true intentions are less than appropriate....
I never thought I'd see anyone on HuffPo
allowed to comment so honestly on the formerly sacrosanct BigGov economy. Panzner actually stated that the dollar has lost over 95% of its purchasing power since the Fed has been in control of monetary policy.
Couple that with the current issue of Rolling Stone implicating government partnership with Goldman Sachs in draining our economy: wow, some on the Left are actually waking up!
If you think for a minute
that we will win this war by having an audit of the Federal reserve you are absolutely crazy. We may well in fact get an audit of the fed which the congress will look at and say OMG we need tougher legislation, we should grant the Fed more power, or maybe even install a Fed Czar to over see the Fed and the Treasury.
And if In fact they decide to kill the Fed, that doesn't mean they will ever return to constitutional money. They will say that a global monetary system with strict controls will be the solution to the worlds economic crisis.
We must never let the criminals who brought us the problem be the ones who bring us the solution!
I suggest buying Gold/Silver and Lead.
The "emperor" has no clothes...
Call "him" on it.
_________________________________
My liberty-minded home base of thought:
www.ponderthis.net
_________________________________
Freedom - Peace - Prosperity
Your actions determine your character.
www.ponderthis.net
Bingo!
I'd say they're ready to have the Fed morph into something else (something global, perhaps).
Without the Fed to kick around on Capitol Hill we won't even have a phantom target. Barry Obama is merely their water boy. He's expendable.
This stupid anti-Christian plan for world domination has been going on for centuries. It started with the takeover of England (1600's), then France (1789), then Russia (1917), oops ... Spain fought back against the commies in 1936 and kicked them to the curb ... but since then they've funded decadent cultural revolutions in every major country and the job of destruction is well done. Most people have been propagandized into terminal stupidity.
When anyone -- high, low, or in between -- gets in their way, he is ruthlessly eliminated and a patsy replaces him. They manipulate money, start wars, get rich on both, and own most of the gold. Those goyim who don't go down as cannon fodder get to go bankrupt to keep the beast well fed.
What miserable human beings they are!
If they just go outside and change the sign on the front door.
It won't do any good this time around if it's the same few banking families in control. Now, we know who they are.
Yes, we do ...
... so why are we in a state of paralysis? We keep fighting phantoms (agencies), instead of the actual criminals. This thing has to get personal or we will not win.
And they're a bunch of wimps....
In truth the New World Order should have never gotten off the ground at all because Jefferson commented that Hamilton's Federal Reserve is slavery and should be abolished before it enslaves us....
It never would have come into being at all if people weren't so incredibly afraid of the bankers.
It was a mistake....The Fed was an institution of corruption and greed, we had no right to decide what to do with our money.
More Sad Historical Truth ...
Our modern world got its start with the Protestant Reformation (actually, revolt). Previously, under the Catholic Church, usury was condemned (though it was carried out under the table, but with no legal recourse for the financier/usurer). The financiers, tired of the restraints on their ability to swindle, decided that the Catholic Church and the Catholic monarchs of Europe had to go. Luther afforded them a "golden" opportunity with his revolt, which would have gone nowhere had they not wholeheartedly supported it. They also supported Henry VIII (England) when, he decided to declare himself the head of the "Church of England." Cromwell was their inside man! Usury was the grease that made the industrial revolutions purr in all the Protestant countries.
Britain was their greatest success and quickly devolved from "Merry Old England" into a hideous culture full of paupers and poor houses (terms Protestant England found necessary to coin) with debtors' prisons and the like. No wonder so many Englishmen chose to escape their homeland and risk life and limb to emigrate to America. King George was merely a tool of the financiers (just like Barry O is today), though he gets all the blame for the American Revolution.
Unfortunately, the ideas of Rationalism (the Enlightenment), which started among German Lutherans, also took root in Protestant England. Rationalism was anti-monarch, and anti-church ... in other words, it was the exact philosophy the financiers needed to destroy their only formidable opposition and gain control. Without a strong king and a strong Church to keep them in check, the robber barons and financiers played one faction off against another and managed to gain control of everything their black little hearts desired.
The founding fathers were pretty much Rationalists. They sound smart to us today because, in their time, they were able to see certain truths, that have long been obscured to us. Stupidly, they created a system where truth and falsity had equal protection. The people's religious convictions ... which they counted on to keep things in check ... held the line (to a certain extent), until those convictions could be eroded ... a little time and "education" were the necessary ingredients here.
Americans have been treated to government "education" on the evils of monarchy and religion, and the "truth" of evolution, etc., to the point where they are brainwashed and hopelessly ignorant of God, what it means to be a human being, and the true nature and responsibilities of government. This "education" has turned our culture into nothing more than poisonous swill which is devouring most of our youth. This entire experiment in what is euphemistically called self-government, has come to a screeching halt. The monsters who have brought us to the brink are about to expose their real (and horrible) nature: communism, with death, misery and poverty for the goyim, as well as for any Jew that tries to get in their way.
Sadly, they will reap hell for all their theft and murder. They probably even know it. Like satan, they'd rather do their own thing than bend the knee to Almighty God.
Pray for wisdom!
The Federal Reserve is hideiously Zionist....
Managed by Protestant Zionists and Jewish Zionists, and most of them got ridiculously corrupt over the decades & swaths of leaving almost everyone homeless on the continent their fathers conquered.....
The good that the Fed did was washed away when it introduced the private cartel that scratched eachother's backs, and the backs of Congress rather than any legitimate oversight.
One more thing ...
They never did any good ... only evil.
Protestant Zionists are their dupes
They're expendable.
Well....
You can pretty much guarantee we, nor the USA would be loaning unconditional money to Israel or China unless we had a Federal Reserve fully controlling all of the policy decisions.
So the blank check we give them, is definitely due to our debt.....
Yeah I think You are right
Yeah I think You are right though but when they restart the scheme We will all be better off. With what We know about the federal reserve and monetary inflation it wouldn't take much for us to come out on top while others have their savings eroded away by inflation. I'll just make sure I continue buying PM's that will only increase in value as the crooks rob the sheeple blind.
Nope it will be Obama's excuse for Fed nationalization....
But just think...
If Obama nationalizes the Fed, the Banks and socializes everything.....
It would galvanize the conservative libertarian base nationwide, to get their people into congress, just to get out of the horrible nationalization of government.
And with that, Ron & Rand Paul would have a launching platform....To finally abolish this Federal Reserve.....
To bring us back to Gold/Silver phasing it out...And to put pretty much a halt on this whole "International" Federal Reserve because lets face it....That idea was never going places and isn't much good for the system.
Excellent article. Thanks for posting.
Very well stated.
Great article...
The so-called "liberals" are getting it quicker than the so-called "conservatives".
Why should WE be paying INTEREST on our CURRENCY????
TO A BUNCH OF USURIOUS FORIEGN BANKERS?
WHY????
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"The consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of the ruin which has overwhelmed all those that have preceded it."
- Robert E. Lee, 1866
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"The consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of the ruin which has overwhelmed all those that have preceded it."
- Robert E. Lee, 1866
Smart man.
Smart man.
Usury is bad, and if you
Usury is bad, and if you read the Declaration of Independence you will see that it is one of the main reasons we had a Revolution and one of the grievences.
We have the same system they protested against, which is forced participation in the perverted scheme of usury, guarenteeing profits for those at the top with our tax dollars.
If we did not have to pay interest on money the government borrows, we would have less taxes to pay, or if we choose to pay taxes they would go towards services instead of making some banker/investor rich.
grant
Here's the real question....
Why did we allow a private "cartel" to be the decision maker on all things economy to begin with, and where in the world did we pull this from?
http://amadon606.wordpress.com/2009/07/08/federal-reserve-ba...
Is Ron Paul correct when he says it's a private cartel and a private cartel is basically a Mafia syndicate right?
So why in the world, despite the good it did, did we allow a private mafia to be in charge of virtually all of our money supplies, the economy itself, and legislative duties as well?
Were we thinking clearly when we did this? Is it not crazy, to consider the fact we created something completely unaccountable?
Is it not crazy to think that, just like the Patriot Act, September 11, Global Government, NATO and definitely the CIA......all these things were fully unaccountable which we created....yet the original one was the most hideous of all, and that was the prospect of a Federal Reserve System in actuality?
What is the meaning of a "Federal Reserve System", does that not imply.....Slavery. System. Debt and/or the components of perhaps a "World Government" based on a System Of Slavery Debt and....Well?
All of our rights stripped and taken away.....Makes me question why such an institution was created since the very start!
Perhaps the "Fed' was our real wake up call, to what this New World Government has always wanted to do to us....Maybe we don't need a Fed at all, maybe what we need is a Congress that abolishes all these horrific acts and laws and brings us back to constitutional law by getting rid of...
- Patriot Act, Drug running treason, George H.W. Bush's CIA, the Octopus Drug War Intermarried with the Federal Reserve, Gun Running since Iran Contra, Nuclear devices being sold outside of the USA by criminal cartels, Outing a CIA agent and committing treason, Invading and destroying 10 different countries to inflate the pocket books of private bankers, a Cover up of the 9-11 attacks with high level Globalists, Israel, Zionism's friends such as HW Bush and Joe Biden laughing on their way to the bank, stripping the population of its civil liberties, drills for martial law & finally forced legislation to take control of the Food you Eat and then.......Last but not least, attempting to deny the 2nd amendment to millions of Americans.
All of this criminal activity is added on top of the ORIGINAL criminal act.....Which I consider treason, I believe that Congressman McFadden was right when he said "This is the biggest act of treason Congress has ever been involved in."
http://home.hiwaay.net/~becraft/mcfadden.html
Passing the Federal Reserve and preceding "Central Bank Cartel" amendments was indeed just that. It was the ushering in of an archaic, dead, phased out slave model that no one wants anymore....
And it's all because of an international group of bankers. The Fed appears to be completely illegal. It's a shame most of the media has never talked about it in their 100 plus years....
Good writ chap
However, posting it in HuffPo is a much greater use of your time. There are potential converts on this issue, many liberals do not like the apparently exploitative nature of the Fed. Everyone here is already anti-Fed.
It is no shame to be registered on HuffPo... I am as are others. You need to dialogue with the opponents to persuade them.