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Friday, November 20, 2009

Thanks to Ron Paul

Thanks to people like Ron Paul, I think the myth that the Fed is a government agency is now on its last legs. The Fed is a consortium of private banks. The Fed is incorporated and the holders of the preferred stock in the Fed are some of the richest families on earth. The conflicts of interest are immense, the opportunities to front run the markets with insider info are immense.

Jefferson warned:

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

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