Quote:
Originally Posted by LaRondo
Primary concern is the National Debt, the FED's unrestrained issuance of money which is backed only by taxation of coming generations, the power given to the IRS to collect whatever they seem feasable and last not least the complete depriviation of the American population's right to self-govern along side to what the constitution entitles us to. It is evident that no vote will reach far enough to have an effect on those who are our national money supply. You may also consider the fraudulent activities of banks in general, toward the majority of the population.
It becomes clear that only few get a climpse of the dimension to which extend we're actually paying for this scheme.
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I'm hearing as a general theme that somehow the fed and the major banks are conspiring to destroy the national monetary supply.
First of all - the near collapse of our financial system had less to do with monetary policy and the fed than it did with the worthless oversight of derivative instruments (based on a speculative real estate market), combined with the greed and poor foresight of several (most) of the "best and brightest" in the financial world. This is hugely important - already people are getting distracted away from the real problem that there was virtually no oversight into how billions of invested dollars were being traded and lost.
Secondly - let's assume for a moment that what you're saying is actually true, that the people who run the fed and our major banks are working to destroy this country through massive inflation. Why would they want to do that? Their wealth is primarily in US dollars, they live in the United States - what personal gain would they get by devaluing their own net worth through inflationary means?