The bailout. Yes, that is how the corporate media describes the biggest grab of power in recent history by the US Treasury Department and the private central bank The Federal Reserve. This really makes me angry that the American people have fallen victim to the greed and illicit dealings of Wall Street. We have been sold to the highest bidder! Treasury Secretary Henry Paulson, former CEO of Goldman Sachs, is now the owner of America. His co-conspirators, President George W. Bush, Vice President Dick Cheney, and Fed Chair Ben Bernanke, all have a stake in the new business of total enslavement of Americans.
The total lack of knowledge the general public and most members of Congress have regarding how the Federal Reserve works is despicable. Thank goodness for Ron Paul, probably the only one in Congress competent enough to understand what's going on. The Federal Reserve prints paper money and tells us that it is worth like gold. Not only are they allowed to print money, but they auction the printed money to banks with interest on each note. Then how can the banks pay the interest? Of course with more printed money with the same interest. It's a perpetual cycle of profit for the Federal Reserve: a genius move!
The more money pumped into the markets by the Fed, the more the dollar is devalued. The definition of inflation is an increase in the supply of money. The consequence of inflation is prices of goods and services increase. The act of printing money is an indirect form of taxation by the Fed. The Constitution of the United States grants only Congress the authority to levy taxes.
How can we afford two wars? How can we afford bailouts? How can we afford a several hundred billion dollar foreign aid policy? How can we afford entitlement programs?
Just print the money.
Imagine if the printers run out of ink. Then all of a sudden we have to manage our money as a country more responsibly. This economic tsunami is unfortunately the wake-up call Americans need to move to a more sound currency, one that is backed by gold and silver as stated in the Constitution.
The more money pumped into the markets by the Fed, the more the dollar is devalued. The definition of inflation is an increase in the supply of money. The consequence of inflation is prices of goods and services increase. The act of printing money is an indirect form of taxation by the Fed. The Constitution of the United States grants only Congress the authority to levy taxes.
How can we afford two wars? How can we afford bailouts? How can we afford a several hundred billion dollar foreign aid policy? How can we afford entitlement programs?
Just print the money.
Imagine if the printers run out of ink. Then all of a sudden we have to manage our money as a country more responsibly. This economic tsunami is unfortunately the wake-up call Americans need to move to a more sound currency, one that is backed by gold and silver as stated in the Constitution.
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