Just look at the candidates behavior at the last debate. Who seems the most Presidential? I almost had to do a double check just to make sure Jerry Springer wasn't moderating. Rick and Mitt lose it [ame=http://www.youtube.com/watch?v=XQYg9dTE0vo]Perry spars with Romney at CNN Debate over illegal immigration - YouTube[/ame] Michelle says Anderson (warning, may cause ears to bleed) [ame=http://www.youtube.com/watch?v=6XUN7BfmIpk]Michele Bachmann Says 'Anderson' - YouTube[/ame] Ron keeps his cool [ame=http://www.youtube.com/watch?v=htF0LaaU4FY]Ron Paul Highlights - CNN Las Vegas Debate 10/18/11 - YouTube[/ame]
Just recently the fed created 16 Trillion of new money and bought assets from banks all around the world with it. The banks are now free to lend out 9 times that amount, which means there could potentially be 144 trillion going around. This increase in the supply of dollars is inflationary, it takes time for the inflation to happen but it will happen, and the lower and middle classes are the most negatively affected by this. If wages rose right along with the inflation then it wouldn't be so bad, but they don't so we are getting fucked by the Federal Reserve system. Sound money, not illegitimately controlled, FTW
To put it short, he wants you to be able to do whatever you want as long as it doesn't interfere with another person's rights. Want hookers? Knock yourself out. Want to start a women's naked wrestling league in your backyard? Go for it. As long as those women aren't forced or coerced, and it doesn't violate any STATE laws.
Thanks for all the great responses blades. ya ok you can't see how someone could possibly have a different opinion than yours? come on radical in the sense that its completely different policy than has been the norm. I mean, the Fed has been around for a long damn time. Now I'll be honest, I don't have in depth knowledge about the American financial system, but I do know that the Fed--regardless of whether you agree with it or not-- plays a BIG role. To just eliminate it scares me because I don't know the repercussions of getting rid of something as important as the Fed.
so when he says end the fed, does he mean destroy central banking? or just the current BS scheme they've got going?
Isn't it Article I Section 8 of the Constitution that deals with the enumerated powers of Congress. I'd like to think that our elected representatives can step up their game performance, handle the duties of balancing the books and maintaining rates alongside those of the free market system; over the performance of a private, hidden, secretive Federal Reserve Bank that is destroying the value of our paper dollar while also destroying the middle class... Interesting history/read if you'd like: The necessary and proper clause has been interpreted extremely broadly, thereby giving Congress wide latitude in legislation. The first landmark case involving the clause was McCulloch v. Maryland (1819), which involved the establishment of a national bank. Alexander Hamilton, in advocating the creation of the bank, argued that there was "a more or less direct" relationship between the bank and "the powers of collecting taxes, borrowing money, regulating trade between the states, and raising and maintaining fleets and navies". Thomas Jefferson countered that Congress's powers "can all be carried into execution without a national bank. A bank therefore is not necessary, and consequently not authorized by this phrase". Chief Justice John Marshall agreed with the former interpretation. Marshall wrote that a Constitution listing all of Congress's powers "would partake of a prolixity of a legal code and could scarcely be embraced by the human mind". Since the Constitution could not possibly enumerate the "minor ingredients" of the powers of Congress, Marshall "deduced" that Congress had the authority to establish a bank from the "great outlines" of the general welfare, commerce and other clauses. Under this doctrine of the necessary and proper clause, Congress has sweepingly broad powers (known as implied powers) not explicitly enumerated in the Constitution. However, the Congress cannot enact laws solely on the implied powers, any action must be necessary and proper in the execution of the enumerated powers.
Central banking has always been a BS scheme. Putting the power of issuing money into the hands of bankers, what could possibly go wrong? “It is no coincidence that the century of total war coincided with the century of central banking.†― Ron Paul, End the Fed
well like every other country has central banking so i dont see how it would be successful. Wouldnt our dollar or dollars value diminish a lot internationally if there wasn't central banking
Concerning the value of the U.S. dollar, the Federal Reserve already beat ya to it. You are overthinking this one Atmans, think of it in terms of simple math. Lets say for example there is 10 billion dollars in circulation in 1913, well now the year is 2011 and there is 10 trillion dollars in circulation, your $1 lost a lot of value between then and now. Fraction's don't lie. Measuring Worth - Measures of worth, inflation rates, saving calculator, relative value, worth of a dollar, worth of a pound, purchasing power, gold prices, GDP, history of wages, average wage Glossary Increase in the quantity of money & credit? Sounds kinda like the housing bubble to me? Getting rid of the Federal Reserve would actually strengthen our currency, because without a central bank there is no entity that can print newly created money and send it out into the economy, thus deriving bankers and politicians of their favorite tool when high taxation and borrowing are not enough to cover the cost of government spending. If your $1 still had the value it did in 1913, roughly 20 dollars, a $5 per hour wage wouldn't sound horrible at all. Bankers tinkering with the nation's money supply will always ultimately rob you of your purchasing power, and enhance the purchasing power of the top 1%. The Inflation Tax by Ron Paul
It's not a matter of opinion but common sense. [ame=http://www.youtube.com/watch?v=v-dejS5JPPk]Mitt Romney's Anti-Terrorism, pro-America Ad drives liberals like Ron Paul crazy! - YouTube[/ame] ^Insane [ame=http://www.youtube.com/watch?v=VeLkHE_Bh0c]Herman Cain On Occupy Wall St 'You Can Demonstrate All You Want on Wall Street, the Problem is 1600 Pennsylvania Avenue' Video TheBlaze com - YouTube[/ame] ^Corporate buy out/Liar/Intolerant Asshole [ame=http://www.youtube.com/watch?v=IScOOY8Xg4c]Gay Marriage, Napkins and Paper Towels - YouTube[/ame] ^Idiot/Disgusting [ame=http://www.youtube.com/watch?v=MICn6ufzHUs]Rick Perry is Delusional - YouTube[/ame] ^Delusional [ame=http://www.youtube.com/watch?v=e9bvreW08X0]Michele Bachmann Says The Darndest Things - YouTube[/ame] ^Crazy/Special Newt Gingrich and Gary Johnson are alright, but they get hardly any news coverage. [ame=http://www.youtube.com/watch?v=UUNIeOB0whI]Ron Paul Conviction Ad - YouTube[/ame] ^Sane Candidate. Don't know why I waste my time.