Sunday, April 13, 2008

The Federal Reserve

Why do you need to go all the way to the financial press in Sri Lanka to find stories by the one politician that question the very foundations of our money system?:

"Few Americans give much thought to the Federal Reserve System or monetary policy in general," Ron Paul wrote in his column this week.

"But even as they strive to earn a living, and hopefully save or invest for the future, Congress and the Federal Reserve Bank are working insidiously against them. Day by day, every dollar you have is being devalued.

"The greatest threat facing America today is not terrorism, or foreign economic competition, or illegal immigration.

"The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation."

Read the rest here.

Pilfered from Lew Rockwell

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1 comment:

The Swindle said...

I keep saying it over and over. The problem here is information saturation in the information age. The degradation of reliable information sources, the explosion of new information sources, and the lack of any accountability in media and government spawns a populace that sits there with their hands up and says "huh?".

Nobody knows what to believe so they adhere to the lowest common denominator, and in this case it definitely is the 24-hour news networks. The old adage is certainly true, but instead of "radio plays what they want you to hear" it is now "media tells you what they want you to hear". People are willing to accept it though because they know that it is too much work to educate yourself otherwise. People are too busy to actually diversely educate, criticize, reflect and decide nowadays. Why bother anyway? I'm sure that Bill O will let you know how you should feel and what you should care about.

Anyone who doesn't adhere to this ideal is a "nutjob". Ron Paul, Jesse Ventura, Dennis Kucinich (definitely different, but not nutty), and the governor of Montana are all nutjobs according to popular belief.

First, discredit your enemy, then ignore his postulates and spew forth your own agenda. That is the trickery of the modern media.