Driven,
There are many theory concerning the economy of the US and many economist doing so. The majority of economists disagree with Paul.
I am not an economist, but the way the Fed is organized it is placed in the control of enough economists as to not give too much power to any single one person or entity.
Our system has experienced many ups and downs throughout history. It has always recovered and its success and strength is such that it is the copied by most of the free world.
I am more worried about its collapse due to the effects of globalization than from itself.
I am more inclined to chance our system with the majority of economists and its resilient past than to throw my cards in with a Dr, by trade, who believes differently.
Do you ever ask yourself just who exactly is advising this Dr. Paul?
Where do his ideas come from?
His education is not in economics!

Thomas Jefferson
"I believe that banking institutions are more dangerous to our liberties than standing armies.
Already they have raised up a monied aristocracy that has set the government at defiance. The
issuing power (of money) should be taken away from the banks and restored to the people to
whom it properly belongs."--Thomas Jefferson, U.S. President.

Andrew Jackson
"If Congress has the right [it doesn't] to issue paper money [currency], it was given to them to be
used by...[the government] and not to be delegated to individuals or corporations" -- President
Andrew Jackson, Vetoed Bank Bill of 1836

James Madison
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance". -- James Madison

And:


"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States" -- Sen. Barry Goldwater (Rep. AR)

"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President
[Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst
legislative crime of the ages is perpetrated by this banking and currency bill." --
Charles A. Lindbergh, Sr. , 1913

"From now on, depressions will be scientifically created." -- Congressman Charles A.
Lindbergh Sr. , 1913

"The financial system has been turned over to the Federal Reserve Board. That Board asministers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr., 1923

"The Federal Reserve bank buys government bonds without one penny..." -- Congressman
Wright Patman, Congressional Record, Sept 30, 1941

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". -- Congressman Louis T. McFadden in 1932 (Rep. Pa)

"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen.
There is not a man within the sound of my voice who does not know that this nation is run by the
International bankers -- Congressman Louis T. McFadden (Rep. Pa)

"Some people think the Federal Reserve Banks are the United States government's institutions.
They are not government institutions. They are private credit monopolies which prey upon the people
of the United States for the benefit of themselves and their foreign swindlers" -- Congressional
Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and
Currency (12 years) June 10, 1932

"I have never seen more Senators express discontent with their jobs....I think the major cause is
that, deep down in our hearts, we have been accomplices in doing something terrible and
unforgiveable to our wonderful country. Deep down in our heart, we know that we have given our
children a legacy of bankruptcy. We have defrauded our country to get ourselves elected." -- John
Danforth (R-Mo)

"These 12 corporations together cover the whole country and monopolize and use for private
gain every dollar of the public currency..." -- Mr. Crozier of Cincinnati, before Senate Banking and
Currency Committee - 1913

"The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the
currency... I do not like to think that any law can be passed that will make it possible to submerge
the gold standard in a flood of irredeemable paper currency." -- Henry Cabot Lodge Sr., 1913





"The few who understand the system, will either be so interested from it's profits or so dependant
on it's favors, that there will be no opposition from that class." -- Rothschild Brothers of London, 1863

"Give me control of a nation's money and I care not who makes it's laws" -- Mayer Amschel
Bauer Rothschild




Something for all to Ponder...

I don't get my most of my economic ideas from Doctor Paul.

And, the Federal Reserve is in NO WAY kept in check by any sort of checks and balances.

At an interest rate, they issue money to banks, which are allowed by law to issue x10 that amount to the people. The banks have to pay the interest accumulated with the debt from the FED's money. Where, may i ask does this money come from if the FED is the only place the U.S. can get that money? Well, unless they borrow it from another country that is...

The system, is mathmatically unsustainable. The banks give the pricipal to the people, yet the people (banks included) have to pay principal + interest back to the Federal Bank.

And, how is ONE private organization any exercising in any way, a system of checks and balances.


This is my economic concern. Like you said, it's not globalization that will bring our economy down. How it functions will bring it down. The collapse in inevitable. This is no conspiracy and i am not relating any of this to globalization.

Earlier in the day,
At Arlington Cemeterey Dimiscus!

the biggest problem I see is multitudes of extremists dominating every form of mass media inundating us with tons of propaganda promoting nutcase conspiracy theories

so that no one knows what is the truth and everyone has to rely on distortions and manipulations to try and form opinions

No, but his economics information has made more sense that anyone else in the senate or house than i have ever heard.

Most economists actually agree with him on many of his points. For instance, FDR prolonging our depression with price fixing. Japan exercising the same thing andit backfiring, and many, ifno most believe that what is being done now, has already proven it's failure.

For the most part i agree. People go way overboard. But the nifty thing about some of these conspiracies, is the fact that some are true. History is basically a series of conspiracies. But, which ones require A LOT of attention.

Some however, actually explains a system that originally made NO SENSE what-so-ever. But, those are few and far between.

I think all propoganda is damaging though, no matter what they are spouting.

Information is key.

"We are completely dependant on the commercial banks. Someone has to borrow every dollar
we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous;
if not, we starve. We are absolutely without a permanent money system.... It is the most important
subject intelligent persons can investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the defects remedied very soon."
--Robert H. Hamphill, Atlanta Federal Reserve Bank

Driven,
I respect you. You are my brother, but there is no way I will ever agree with Ron Paul.

I could sit here and throw out quotes and opinions to counter every one that you throw out. I wont do that though, because it would not change your mind. Just as you wont change mine.
Lets just agree to disagree and be done with it! Time will tell and there are much smarter men than us who are actively involved in attempting to fix our economy!
I trust them. You dont!
Agreed?

Besides I have to be at work at 4 AM and Im too tired.
Good Night Brother!

Ron Paul aside, I think we agree more than you think.

Goodnight brother

heres to you brother.

You are correct, this disaster has been predicted by Jefferson and many others (see Driven's post). Then it was predicted by the opposition to the new world order in 1913 and 1933.

The world did not crash immediately, it took almost a hundred years for the disaster to develop.

I think that simply because the cause is 100 years removed from the consequence, doesn't mean there is no causation.

I t doesn't matter what Bushes and Clintons and Obamas and Reigans do. It is all small and insignificant. They can't touch the things that Wilson, Roosevelt and Nixon had done. (May-be Bush, with his pre-engineered 911?).

Current presidents only bickering about how to redistribute the seats on a roller-coaster we all are riding, which was started by Wilson, Roosevelt took apart the brakes and threw away the parts, and Nixon had accidentally stepped on the accelerator pedal.

Ron Paul? He is not predicting. He is only pointing out that there is a cause-consequence relationship, that lasted almost a 100 years and is about to complete itself. He is only saying that we are still on a roller-coaster.