Archive for December 2nd, 2010

The Fed

December 2, 2010

Are you fed up with the fed? Do you even know what the fed is? The Federal Reserve Bank…must be part of the gubmint right? Far from it. Thomas Jefferson said, “I believe that banking institutions are more dangerous to our liberties than standing armies. 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.” Let’s study this quote and the Fed.

First Jefferson seemed to think that banking institutions are quite dangerous. Why do you think he would say that? What do banks do? How do they make their money? Do they supply a needed service? Think about it. They give you a place to store your money so nobody comes in the night and steals it from you. Then they lend the money to people who need some. Is this right? Then they charge the people that they lend money to a percentage for the loan and they give you a smaller percentage for keeping your money on deposit with them. Do I have this right? How can this be so wrong in Jefferson’s opinion?

Moving along, Jefferson’s next concern was the issuing of money. Why would he be concerned about who issues our money? If the Fed is not a gubmint agency what is it? I believe I have already covered that here. So we still don’t know who owns it but one thing is for sure it’s not the gubmint. Looks like a private bank to me. Why would the gubmint allow our money to be issued by the very people Jefferson warned about? What does he say should be done about that? Do you think I might be a lunatic? What about Jefferson? Also a lunatic?

So now the Fed has given money to companies. GE for crying out loud. They’re the ones who have forced that curly little slow working light bulb on us. And foreign banks, UBS and Barclays. What are they bank of the world now? See it all here and here. First it was inflation now it’s deflation…where have I heard that before? You know we really need to audit this Fed. We need to do as Jefferson said. We need to take the power back and restore it to the people. And we need to do it now. If you don’t believe me spend just one evening reading up on it for yourself. Before you wake up homeless in the land your forefathers conquered. Until next time, screw environmentalists.