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| Ron Paul: Federal Reserve A Fallacy, Flawed System in forum [Market-Ticker]
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Jal
Posts: 520
Incept: 2009-03-25
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http://www.zerohedge.com/news/santelli-s.... 'it's not my job. I don't regulate that.' unbelievable!" The CYA, not-my-problem, someone-else-did-it, keep-my-job mentality when it's front-and-center in the most powerful financial entity in the world is deplorable.
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Adrenaline_junky
Posts: 1871
Incept: 2007-09-14
Chicago
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Ultimately the "or else" here is that Congress pull the charter.
So there is a potential consequence, but Congress clearly lacks the will to even consider it.
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"If Goldman Sachs is doing God's work, they must be referring to the cruel God of the Old Testament who brought forth plagues, floods, and pestilence." - Me
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Mdm
Posts: 338
Incept: 2010-10-13
South Florida
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We can all say what we want about Paul - that he doesn't go far enough, that his proposal to go back to the gold standard is misguided, that he doesn't fully understand the ramifications to a non-interventionist foreign policy, etc. The bottom line is the man has brought more awareness to the need for monetary and banking reform than anyone else in recent history. He has spurred a movement towards libertarianism that while still relatively small, will not go away anytime soon. This is an achievement in and of itself.
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Smacktle
Posts: 1370
Incept: 2009-01-20
Texas
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I don't get angry anymore.
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The faults of the burglar are the qualities of the financier. - George Bernard Shaw
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Noodleman
Posts: 2509
Incept: 2008-11-01
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And as the Chair or the congressional sub-committee on monetary policy what the **** has he actually done about it?
When's the last time he REQUESTED a subpeona for one of the financial terrorists so he could grill him in public?
Ron Paul is a bit actor in the political porn industry.
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"It may be true that you can't fool all the people all the time, but you can fool enough of them to rule a large country." William James Durant, 5 Nov 1885 - 7 Nov 1981
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Drench
Posts: 28631
Incept: 2009-11-10
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End_the_bubbles
Posts: 9599
Incept: 2009-03-25
The New 3rd World
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Quote:"Don't rob banks" and the "or else go to prison for 20 years" was missing there would be a line of masked men toting guns out the door of every bank in America. Why the **** would they need a mask? You could just show your face the same as Bernanke, Dimon, Blankfein, etc. all do....... In fact, why would they even need a gun?
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Pika-steph
Posts: 54924
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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I would only add that it appears that Timothy Geithner was also involved. Because of his position, this goes beyond fraud...and straight into TREASON.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
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Genesis
Posts: 131485
Incept: 2007-06-26
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He wasn't Treasury Secretary when he did it, so it's just fraud.
But I'll take a conviction for that.
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I don't care if it makes sense -- only if it makes money. -- Me Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb. What part of "shall not be infringed" was unclear?
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Ghopper
Posts: 2317
Incept: 2011-06-11
Staten Island, NY
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There will not be another party. They made the mistake of ignoring the Reform Party, until Ventura won the Governor's chair. That's when they realized that the people just might be pi$$ed off enough with the two party system to vote for anyone else. So they sent in Trump on the left and Buchanan on the right to crush it to nothingness. Since then, they take every threat seriously. They discredit and insert wedge issues into anything that might be a problem to make sure the people do not unite behind it (see the Tea Party and Occupy movements). They won't let anything threaten their two headed snake of the US political system ever again.
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Pika-steph
Posts: 54924
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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Except....he had knowledge of, and was involved in, the concealment ever since. This wasn't a one-time act...it was ongoing. Therefore, when Timmah was appointed TS, he took that knowledge of the ongoing scam with him....which was and still is literally robbing the American people.
TREASON.
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
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Genesis
Posts: 131485
Incept: 2007-06-26
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Ok, I'll go for Treason.
But we have to hold the Trial on The National Mall.
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I don't care if it makes sense -- only if it makes money. -- Me Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb. What part of "shall not be infringed" was unclear?
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Pika-steph
Posts: 54924
Incept: 2007-09-11
Live Free Or Die; US Army Est. 1775
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Hmmm...are you sure that space is big enough?  Dibs on setting up the rotten vegetable stand!
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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/ "The only regulation that really works is failure."--Rick Santelli
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Genesis
Posts: 131485
Incept: 2007-06-26
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I bet you could get $20 for rotten tomato and $50 for a really ripe egg....
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I don't care if it makes sense -- only if it makes money. -- Me Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb. What part of "shall not be infringed" was unclear?
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12bolt
Posts: 163
Incept: 2009-08-24
Blueridge
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+1 Ghopper!
Treason everywhere.
If the USMIL were to honor their oath of enlistment, they'd have to surround, besiege, and ultimately destroy the main domestic enemy of the Constitution. I think we all know who those enemies are, and they ain't Muslim for the most part, and they don't live in the Middle East.
After clearing out the main rats' nest, they could start on the state capitols of the nanny-est states (MA, CA, IL, WI) and work down from there.
It would be a long and grueling campaign as red and blue statists would resist the elimination of their chosen leaders and their cherished provisions to make you and me do or not do what they want.
As far as I'm concerned statists are the enemies of liberty, the Constitution, and our inalienable rights.
Ergo they are my enemy too.
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Noodleman
Posts: 2509
Incept: 2008-11-01
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"They won't let anything threaten their two headed snake of the US political system ever again"
Boy, ain't that the damned truth.
Top to bottom.
From protecting the POTUS from solid evidence that he's using fake documents as identification to unfairly smearing a man who is fighting for his life in the justice system for merely defending himself against great bodily harm.
RP is a manufactured puppet to feed us the illusion that we have political representation.
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"It may be true that you can't fool all the people all the time, but you can fool enough of them to rule a large country." William James Durant, 5 Nov 1885 - 7 Nov 1981
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Mannfm11
Posts: 3617
Incept: 2009-02-28
DFW, Tx
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I disagree Noodle. They are going to implode. As far as Paul goes? Ron Paul has stood almost alone against this mess for decades. He is published for decades his opinions. Remember, most of Congress is educated in sourcery, known as neo-Keynesian economics. We have Bennie sitting in front of Congress talking about fiscal restraint, then telling them, not now. If not now, when? When the market for US debt totally collapses? Fiscal cliff? We went off the fiscal cliff decades ago. We want a new politcal party? You can throw rocks at anyone, but Ron Paul is our best chance to start one. He has the ear of young people and it is going to be the 20 somethings that are going to pick up the pieces in this mess. The establishment can only push intellectual bull**** on us so long. Remember, Paul is a doctor, like them or not and you don't get to be a doctor without some kind of deductive reasoning. An idiot can easily buy into a counterveiling theory or idea, but a man with some intelligence is more likely to go with the status quo. Paul called for putting people in jail over this fraud in the debates and he knows the system was gamed. I think Paul stepped down for a couple of reasons. One is he has more influence and power outside of Congress than he does inside Congress. His son will be his mouthpiece there. Second, making changes as a member of either of the 2 political parties is a foregone conclusion that it isn't going to happen. These political jackasses have big hooks stuck up their asses, in order the bankers can immediately throw them overboard and troll for sharks. Here is a excert from a book by Henry Hazlitt, who I am quite certain influenced Dr. Paul. THE EARLY NINETEEN THIRTIES, IN THE DEPTH OF the Great Depression, the theory became fashionable that the cause of all depressions was Lack of Purchasing Power. The people just did not have enough money, and because of unwarranted pessimism they were refusing to spend enough even of what they had. The solution was therefore simple: at such a time the government should boldly increase its own spending, "prime the pump," and "get things moving again." Naive advocates of this theory assumed that more government spending was the whole answer. The more sophisticated advocates saw that the increased spending would not give people more purchasing power if the government kept the budget balanced and took it all away again in higher taxes. The thing to do was to spend more without taxing more. The trick, in other words, was deliberately to unbalance the budget—to run a deficit.
Most of the champions of deficits—including the eminent John Maynard Keynes himself, the theory's chief architect—at least publicly professed to believe that the required deficit could be financed by selling bonds directly to the public, to be paid for out of savings. But again, the more sophisticated deficiteers must have seen that a man who buys a $1,000 bond out of his savings surrenders that much purchasing power for the life of the bond. In short, he loses just as much buying power as the government gains. On net balance, no new buying power has been created.
How, then, can the government "create" new purchasing power? It can do so only if it does not increase taxes at all, but "sells" its bonds to the banking system, and if the banks "pay" for them by creating deposit credits on their books in favor of the government. This leads to an increase in "the money supply"—that is, an increase either in the amount of currency or of demand bank deposits.
If the government's new bonds are sold directly to member banks, there tends to be a dollar-for-dollar increase in the money supply compared with the amount of new bonds. But if the government's securities get into the hands of the Federal Reserve Banks, they are used to create what is called "high-powered" money. This can lead to the creation of about $6 of new money for every dollar of new government securities.page 4, Man versus the Welfare State http://library.mises.org/books/Henry%20H....It doesn't take a rocket scientist to read this and see what is going on. The bankers set up this mess to get the people in debt and use tanks in the street as a defense against the Congress ever pulling the plug on this scheme. Thus, bankers and Congressmen are blow buddies. One man stuck in the midst of 534 banker blow buddies doesn't have much of a chance. Middle class America needs to read this short explanation, as it says it all. Hazlitt wrote an informative book that is easy to explain and despite all the degrees in economics to the contrary, cannot be disputed. I have heard the joke, that when government says they are there to help you, grab your wallet and run for the hills. Link for Ron Pauls published writings: http://mises.org/Literature/Author/392/R....
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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Quote:You can throw rocks at anyone, but Ron Paul is our best chance to start one. I think it was smart for him to join the republican party. In my state you can not vote for an independent unless you're registered as an independent. as far as RP Quote:stepping down ..... The Republican National Convention is quickly approaching (August 26th). For over the past year, avid Ron Paul supporters have won delegate spots in various state conventions across the country. Through this hard-work, Ron Paul will officially be allowed to be nominated for the nominee of the Republican Party. http://www.examiner.com/article/rnc-conf....
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...burp
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Bohemian
Posts: 9662
Incept: 2010-07-27
Las Vegas
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Karl, I don't understand why you say ' ... if the allegations are true', r.e., them knowing in 2008, Treasury and the Fed. They ADMITTED knowing.
No one oversees the Fed (Or BIS ... see global Ponzi) and Congress has no teeth to prosecute anything, because there is no oversight or even a law, yet Bernanke cries and says auditing the Fed would be harmful and a 'nightmare'. The SEC doesn't oversee the Fed. No one really does, and with Congress fractured along party lines, this won't happen. Yeah, an audit nightmare for the Bernanke and the entire Ponzi those ****s have been running with TBTF banks that own dividends in the Fed, which is a privately-owned fiat bank (see original charter, 100 years up Dec. 23, 2013).
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"The politicians are put there to give you the idea you have freedom of choice. You don't. You have no choice; you have owners. They own you. They own everything." - George Carlin
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End_the_bubbles
Posts: 9599
Incept: 2009-03-25
The New 3rd World
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Quote:Hmmm...are you sure that space is big enough? smiley This doesn't take up much space: 
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Mannfm11
Posts: 3617
Incept: 2009-02-28
DFW, Tx
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Duc makes a good point. The executive department has to do the prosecution. Not only that, if the executive doesn't have regulations written, any law Congress makes has no teeth. See California Bankers Association vs Schultz, a 1973 Supreme Court case over the anti money laundering laws.
Karl is probably right, that Ron is too nice and maybe too PC as well. But, for as long as I can recall, Bernanke and Greenie didn't get past him without hm asking them a question they couldn't or wouldn't answer honestly. Woodrow Wilson should be exhumed and his bones thrown to the jackels, agreeing to a panels of criminals. The bankers and cartelists used political means to set up a non-political Federal Reserve? Horsecrap!
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Steelhead23
Posts: 2074
Incept: 2008-09-09
Portland OR
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Yeah, and I've heard him say that laws were broken by the banksters as well. I cannot for the life of me understand why the Republican Party thinks Mitt would be a better candidate than Mr. Paul. Well, actually I can, but the reason is not very pretty, I have no evidence, and I really don't want to***** off all the Rs on this forum.
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke For-profit commercial banks are a menace and should be eradicated
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Floridasandy
Posts: 650
Incept: 2009-08-20
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steelhead23,
republicans thought that ron paul would not win the general election, but they were wrong. some remember his run on the last election-but everything changed after the bailouts.
it is very hard to think outside of our "party" box.
i think it is sad, but i do understand the fear behind it-because ron paul does actually represent change, and change is rather frightening for a lot of people. i don't know one american, republican or democrat, who thinks it is okay what the federal reserve is doing. (it is just that most democrats are mostly either government workers or government recipients, so they are afraid to stand up against the federal reserve-except for occupy)
i will always respect ron paul's effort and his virtually one man stand against the juggernaut.
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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RP represents a whole new system (imho) and here's why. For 20+ years he's seen clear through the FED's smokescreen. Audit the FED, combined with their knowledge of the LIBOR scam which essentially ****ed every person who has a CC, has a mortgage, a car loan, student loan.....basically EVERYONES rate has been tweaked for god knows how long. RNC does NOT want change. DNC does NOT want change, they're both bought and paid for. After all the bs slander that RP has stood up to as well as MSM ignoring him.....well, he's still there, with enough delegates to be nominated. I think behind closed doors RP would grow fangs and sink them into the Feds ass pronto.
If RP gets elected we get a new banking system. Those that don't want change , RNC, DNC ...are ****ed. RP scares the living **** out of the "establishment", and not because of his non interventionist foreign policy....
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...burp
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