Do you read Mish's Economic Analysis?
Ron Paul has sponsored a bill to audit the FED, will he get enough votes?
Professor Elam
Accounting & Investing Info for San Antonio A & M
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3 responses to “Six Reasons to Abolish the FED”
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Well I’m stuck down here in Weslaco fixing this satellite system that cant seem to find the line of sight (LOS) properly. Anyways
don’t have much time but checked out a little of Mish report.
I have to say, I love the topic about the federal reserve. Funny how they are not Federal at all. Just like Federal Express. No audits done to them either. They control interest rates by a whim, and can print money out of thin air by a press of a button. I have heard Ron Paul talk about how our money is absolute crucial and needs to be taking out of the banking cartel and Rich corporations hands. I totally agree with Ron Paul on many of his topics he brings to the table. I think the money belongs to the people for the people. The government should make and control the money supply. After 1913 after the reseve got a hold of Americas money it went all downhill from there. The dollar lost it value. I think now its about 96 & worth of 1913 and also canada went through similar instant when the bank of Canada went in control of the banking cartels. END THE FED!!!!!just my thoughts and readings. raymondLikeLike
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you know, interesting that i read this after i just watched a video on youtube last night about how the central banking system is suppose to be taking over the world. something about a “new world order” where a couple dozen of the richest men are attempting to influance the President and turn the “global economy” into a way for them to suck the resources out of mineral and gas rich countries like india and the countries within Africa. here’s the link: http://www.youtube.com/watch?v=eAaQNACwaLw&feature=fvw
really it seems like mostly a bash against obama, yet it does bring up some interesting points that make me question the motives of some of our politicians (not that i haven’t been questioning them), but more specifically the commonalities in who they associate with and how they have their hands in quite a few things that deal specifically with wall street and the banking system, ie. the FED. Unfortunately my internet is slow and i had to stop watching it half way through because i couldn’t stand to listen/watch the stop-go, stop-go of the buffering process… anyways, just wondering how familiar you might be with this mysterious “new world order” and their plans for world domination…LikeLike
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As Jim rogers notes, America has had three central banks, the first charter was not renewed the second was ended by Andrew Jackson that even then was deeply distrustful of hte eastern banking interests, gee has anything changed! the third of course began in 1913 and has never prevented a financial crisis and as Greenspan did, probably added to several, 1929, 1937, 1958, 1972-74, 1987, 2000, 2008…..
the world has always been the hard money guys, back your money with gold and silver, versus the fiat money guys, we want to print all we want and create our own wealth, you can see where the latter view has gotten usLikeLike
Professor Elam 
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