POPE RON-PAUL ENCYCLICAL
PAULTARDS CELEBRATE MASS IN FED SQUARE
FOR ONCE, LIBERTARIAN (RECOVERING OR CLOSET-REPUBLICAN) PONTIFF IS RIGHT!
MONKEYS CAN TYPE SHAKESPEARE! GIVEN ENOUGH TIME...
Texas Congressman Proposes Audit Of The Federal Reserve: No Papal Bull!
Very old populist hooey, this anti-bank stuff. Pre-dates Jackson. Andrew, not Jesse.
Does Pope Ron-Paul use ATMs? Receive a paycheck? Live in a home that was ever mortgaged? Then he's part of the Federal Reserve System, too. We all are.
We need a banking system. It should not be entirely private, for reasons that ought to be obvious after the last twelve months: Government oversight is not enough, we must have control of our finances. But direct control by politicians on a day-to-day basis is not a good idea, either, as it would subject our personal and business finances to political vendettas and electoral politics. I'm sure most of these anti-bank "libertarians" (closet Republicans & recovering Republicans) would be against THAT.
Having said this, anything that cannot be explained is, by definition, inexplicable, or as Webster would have it, "incapable of being explained, interpreted, or accounted for [an inexplicable disappearance]." Unaccountability seems like the opposite of what you want in a bank.
If it can't be explained, it's probably something somebody doesn't WANT you to know, like whose buddy got what favor to cover whose ass, and why. That ain't banking. That's insider politics and crony capitalism at its' worst. It's our money, and our government, including the Fed. The system works, yeah, but for whose primary benefit? It should be the depositors and the taxpayers, not the bankers and their shareholders, first. A little light on the subject would be a good disinfectant, in case there's any stench of corruption on up in there.
The problem with our system today, and not just the Fed, is that it relies almost exclusively on "conservative" corporatist industry expertise. Our government is full of Wall Street types, defense contractors, agribusiness shills, etc. Is it any wonder that our government's policies are so violently pro-business and anti-worker, anti-consumer, anti-shareholder? Duh. Chickens, meet foxes. They'll be managing your house.
The biggest disappointment, so far, with Obama has been his continuation of this. He could have selected experts from the labor movement or academia, dissenting voices from non-corporate think-tanks and NGOs. There are many with government and industry experience who are not outright whores for the corporations. But he chose the whores, in part because they have more gov't experience. But if the government NEVER listens to or hires non-corporate advocates, then they will NEVER have government experience.
This was a chance to reverse that pernicious trend, and the Dems blew it. This is why people say there is no difference between the two Parties, and why nuts like Paul come into being. But for once, I agree with him: Audit the suckers on a regular basis. And that includes the Treasury, FNMC, FHLMC, the SEC and all the rest of them. Let's just see who's minding the store, and how, and for whom.
Great post, Captain! Read the whole thing, folks!
"Show me the money"
Thanks to Capt. Fogg for this:
' Sometimes I think Ron Paul's ideas may be too simplistic. This isn't one of them. In a Forbes editorial last week, Congressman Paul called for an audit of the Federal Reserve Bank. Paul of course, doesn't buy the idea that the Fed is necessary to keep inflation low and to promote growth. Truth be told, I've been of the opinion that it has played a part in all but eliminating the 10 - 15 year cycle of boom, panic and collapse that has plagued our economy since the Washington administration. Maybe it has but maybe, as the Congressman claims, it's been the cause of inflation and a drag on growth. Maybe there's a better way and I'm the first to admit I don't know. '.
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