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Budget and Taxes Do you feel that raising taxes will help solve the debt of the United States? Are you a fan of Reaganomics?

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Old 07-03-2008, 03:32 PM   #1 (permalink)
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Understanding the Federal Reserve

This should Scare the Shit out of you!
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Old 08-12-2008, 09:59 AM   #2 (permalink)
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I don't like the whole conspiracy approach the video seems to take, but the problems the fed have causes are very large.

IMO, it should be abolished completely.
Old 08-12-2008, 10:08 AM   #3 (permalink)
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Quote:
Originally Posted by tadpole256 View Post
YouTube - RON PAUL - THIS WILL MAKE YOU ANGRY!

This should Scare the Shit out of you!
1. Why should this make me angry?
2. Why should Politicians control the Fed Reserve, what credentials do politicians have to hold such a position?
3. Does anyone know the track record of politicians controlling money reserves in other countries?
Old 08-16-2008, 08:36 AM   #4 (permalink)
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We have a clause in Section 30 of the Federal Reserve Act of 1913 allowing the US to buy back the Federal Reserve Corporation for roughly $500 billion dollars any time we wish. We may also abolish the Federal Reserve Corporation, or repeal the act, our choice. The last provision of the Federal Reserve Act of 1913, Sec. 30 states “the right to amend, alter or repeal this act is expressly reserved.” This language “means” that congress can at any time move to abolish the Federal Reserve System, or buy back the stock and make it part of
the Treasury Department, or to alter the system as it sees fit. It has never done so. Should we buy it back, the $500 billion represents outstanding stock shares.


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