Friday, February 24, 2012


Bob Wallace over at the blog Carpe Libertatem writes about how prices have drastically risen over his short lifespan.  It is truly distressing - and rage must be directed at both our under educated politicians and the head of the Federal Reserve.  These people work in government to enrich themselves and their cronies.  Let's get rid of them and put in honest people who will not be corrupted by the system.  Question is how do we do this?  Read below Bob's column.

I blame this almost exclusively on the Federal Reserve Bank, which is not federal, has no reserves, and is not a bank. It is in fact a legal counterfeiter which has 100% control over our money supply.
Of course, the Fed is thoroughly unconstitutional. The Constitution forbids anything but gold or silver being money. On top of that, it also forbids Bills of Credit, i.e., paper money.
Central banks were tried in the U.S. in the past. Andrew Jackson, for one, swore eternal enmity against them.
"The bold effort the present (central) bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it," he once said. "You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out."
Jackson engaged in a lot of duels. Perhaps we need dueling to be legal today.
Since the creation of the Fed in 1917, the dollar has lost 99% of its value. This acceleration of this loss of value really took off in 1973, two years after Richard Nixon went completely off the gold standard in 1971. 

Not surprisingly, wages stopped going up in 1973, and have been flat or declining ever since. Except, of course, for the one percent whose income has been skyrocketing -- and they accomplished this by using the State to enrich themselves at everyone else's expense.   

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