Last line- "It is not sustainable."

Wish more people were paying attention.

Yes, especially our bloated, lard-butt military and the Department of Agriculture. Start whacking!

I just got passed over for a promotion.

Maybe I should put my fucking economics degree to use for once and apply to one of the FRBs.

First I need to wallow in self pity for the rest of the day (while I work with the person who got the promotion).

IF every voter knew how the Federal Reserve Bank was established (by the Federal Reserve Act) people would be rioting in the streets.

The Federal Reserve Act was written by a group of bankers in a private meeting off the Coast of Georgia called Jekyll Island:

“[T]here was an occasion, near the close of 1910, when I was as secretive—indeed, as furtive—as any conspirator....I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.…We were told to leave our last names behind us. We were told, further, that we should avoid dining together on the night of our departure. We were instructed to come one at a time and as unobtrusively as possible to the railroad terminal on the New Jersy littoral of the Hudson, where Senator Aldrich's private car would be in readiness, attached to the rear end of a train for the South.…Once aboard the private car we began to observe the taboo that had been fixed on last names.…Discovery, we knew, simply must not happen, or else all our time and effort would be wasted.” (Frank Vanderlip, twenty-five years after the meeting on Jekyll Island, Georgia conspiring to establish the Federal Reserve in the U.S. Farm Boy to Financier, Saturday Evening Post, pp. 25, 70. February 9, 1935.)

The final draft of this bill was penned by Frank Vanderlip, and was incorporated into Sen. Aldrich's Bill, in the form of a completed Monetary Commission report, which Aldrich railroaded through Congress. No where in this Bill did they refer to the term 'central bank.'

Railroaded, i.e. The Federal Reserve Act was passed on December 23, 1913 when the majority of our legislators were away from Washington for the Christmas holiday. It was sent to the House of Representatives, where it passed 298-60, and then sent to the Senate, where it passed with a vote of 43-25 (with 27 absent or abstaining).

This Bill was signed within hours by Wilson.

If there is one politician that has my heart on domestic economic issues it is Ron Paul.

2/17/2007 C-SPAN - Ron Paul addressing House Financial Services Committee on Federal Reserve.

http://www.youtube.com/watch?v=A4kxTkhwR_Q

Clear and concise. Explains how the redistribution of wealth from poor and lower class to wealthy elites is done by the Federal Reserve via inflation (the hidden tax cost) then back from the middle class to the poor via tax increases. This is how fiat (non gold standard notes) currency works.

We should be looking to reduce the size of the FED, not increase it. Bad news indeed.

I like Ron Paul.
Remember, one-half of your income taxes go to the Department of Defense or the VA. (Payroll taxes fund Medicare and SS).
If you want to whack federal income taxes, you gotta whack military outlays, the VA and the Department of Agriculture. That is where your federal income taxes go, the majority of federal income taxes.
If you want to whack payroll taxes, then whack SS and Medicare.
Ron Paul knows our militray parasite needs to be whacked. I vote for Ron Paul.

BOTU -

There was a reason I clarified "domestic economic issues" when exhibiting my support for Ron Paul. I wouldn't vote for him for President, but I still think he is one hell of a guy to have on our side.

Ron Paul's views on foreign affairs and entanglements are even more insightful.

In a perfect world, BOTU, yes. But we got into WWI (by the Democrat that signed the FRA, wink wink), and it's really hard for me to be idealistic about this reality.

Funny, as history dictates it would seem Democrats are bigger "war mongers" than Republicans. I am neither, but....

Top Ten Political Statements - #4

"Deficits are not a problem. Thousands of deserving people have government jobs exactly because we are spending the money that causes deficits. I can say with certainty that there would be no unemployment if the government hired everyone. We are working on it."

Actually , Ron Paul is a twit, and a dangerous one at that. He seems to believe that an isolationist US will never be attacked. This is the same belief that was prevalent in 1941.

It didn't work then, it won't work now. The sooner that Pat Buchanan and Ron Paul are dismissed as the idiot cranks they are, the better.

Brian, his economic views about this country cannot be dismissed. He speaks about many of the systems in place that prevent the free market from working here.

His foreign policy blows. But he is not a dangerous twit as a Texas congressman. I would never want him as President, so I agree with you there.

"If you want to whack federal income taxes, you gotta whack military outlays, the VA and the Department of Agriculture. That is where your federal income taxes go, the majority of federal income taxes."

Once again, wrong. Is there no end to error on your part?

But, I'm feeding the troll. You should simply be disregarded...

He speaks about many of the systems in place that prevent the free market from working here.

He's also a goldbug, anti-trade, and an isolationist. The only real difference between him and Buchanan is he's not an overt anti-semite, although there have been rumors.

I'm sorry, his lunacy on so many other fronts makes it impossible to take him seriously on anything else.

So the Fed was created in secret, like Cheney's energy policy. So what? It's just capitalists working to control capital in a capitalist society - nothing more, nothing less. If it was one of us invited to that rail car, why, we'd be right as rain with the whole thing.