Imagine for a moment that someone inherits a farm. Let's say that the farm has good topsoil, a good well, good breeding stock, good seed, and excellent farm equipment in good repair. Prior to passing into the control of the present owner the farm did a good business selling vegetables, meat, and dairy products to the local market, and it made a small profit.But let us suppose for a moment that the present owner of the farm doesn't understand farming, or isn't even really interested in learning. The present owner has no objection to standing around looking good, so he stays at the farm, standing in front of it, looking good to passers by. Of course, the bills still come in, so our farmer puts them on his credit card. When that bill comes due he uses another credit card, Then another. Pretty soon the interest payments alone are higher than his bills and the banks get nervous and call him. No problem. Our farmer sells the tractor, takes the money around to the various credit cards, the food store, the utilities, and pays off all his bills. Then he stands around in front of the farm looking good to passers-by, the lord of his domain. Well, the bills still come in. Again the credit cards get loaded up. So, this time our farmer sells the harvester. Then later on, the cattle, then the chickens, then the seeds, then he leases the well to his neighbor and finally sells the top soil from his farm to another farm down the road whose soil is getting tired. The cash is taken around to the various creditors, the food store, the utilities, etc. Now at this point, our farmer thinks everything is okay. The bills are paid, he has a little cash in his pocket, and everything is fine. Of course, you know better. The farm simply does not exist any more; it's just an empty lot with a few buildings, and soon they will be gone as well. The path from the farmer's present condition to seizure of the property for unpaid taxes is a foregone conclusion, even if the farmer doesn't look far enough ahead to see it. Poor, dumb, stupid farmer. That farmer is our government, and our business leaders. ----------------------------------------------------------- ***It is an interesting article. http://www.whatreallyhappened.com/ARTICLE2/doodoo.html Check out the entire article. It is quite interesting. Amazing...
Federal reserve notes are legal tender and you have to accept them for all debts both public and private. There is not much you can do.
We can vote for Ron Paul and he will declare it unconstitutional which it is, and close it down. So yes we can all make a difference and if we collectively elect a representative of our views and wishes everything is possible. It is because people have lost confidence in the system and they think that they do not matter the cause for our predicaments.
Actually, by way of executive order, Paul could finish what Kennedy started. Have the Treasury issue Gold and Silver notes. If people could invest and transact (without tax penalty) in a metal or commodity backed note, I'm pretty sure you would see FRNs go the way of the dodo.
Why not have a competitive currency system? Let the best survive. Stop the Fed monopoly and the markets will adjust and correct themselves.
Are you referring to EO 11110? Kennedy wanted to take the US off the silver standard and replace silver certificates with Federal Reserve Notes. Of course, he succeeded. With the Silver Purchase Repeal Act (Public Law 88-36), he gave the Federal Reserve the power to issue low denomination Federal Reserve Notes to replace them silver certificates. With EO 11110, he delegated the authority to issue silver certificates to the Secretary of the Treasury who then took the US off the Silver Standard. This process was necessary due to the Thomas Amendment to the Agricultural Adjustment Act.
Let's wait for another five years. If the dollar continues to be beaten by Euro and Asian currencies, then that would be something really alarming.
Is the US already Bankrupt? Yes. Here's why in four words: Multitrillion-dollar unfunded pension liabilities.
US is bankrupt. They are letting it linger a bit longer until the wealthy start liquidating some assets first and when some of those transactions are complete, it will crash. Kind of like the stock market, or the real estate market. The average person does not get it until it is too late. Sad but true.
So many of the Ron Paul followers have such a distorted view of what a president can do. The President cannot declare anything unconstitutional. Only the Supreme Court can do that. The President has no authority to shut down the Fed, nor would Ron Paul have the authority to do most of what he would like to do. There is a political process that must take place. We are not living in a dictatorship. You may like Ron Paul's ideas--and some of them are good--but if you think he could actually do most of what he'd like to do, you need a reality check. The idea behind the Fed is to take the control of the money supply out of the political process. The Fed does not take direction from anyone in political office. The Chairman is appointed by a sitting President, but the Chairman does not take direction from the President. I think it is a good idea to keep control of the money supply as far away from politicians as is possible. Also, it is not possible to go on a gold or silver standard anymore, because that requires that the government hold in inventory $1 worth of gold or silver for every $1 issued in precious metals-backed currency. When we were on the gold standard, that is what Fort Knox did--they held the country's gold reserves. In those days, the only way that the government could gather enough gold to back the currency was to make it illegal for citizens to own gold (except in jewelry). It was illegal for US citizens to own gold until after we went off the gold standard. Today, there isn't enough gold or silver to back every dollar of US currency.
Pretty interesting article from Pat Buchanan today in Townhall. I don't agree with his nativist positions, but I think he's too quickly labelled a racist (surprise, surprise) for wanting to put Americans and America first. Subprime Nation http://www.townhall.com/Columnists/PatrickJBuchanan/2008/01/15/subprime_nation Excerpts
That does seem to be a common theme with Ron Paul supporters. I don't see very many optimists in Ron's camp.
So that's what you and the Paulites are doing, you are going to overthrow the country and he will be dictator?? Now we see why so many nuts want RP. Well, I guess that settles it, no way will I be voting for RP's master plan to take over the world (or at least the USA)
Blind optimism and expensive promises we can't pay for are going to be our undoing. There is a lot of optimism that something can be done, but it has to be initiated by the people, not the politicians, to get things back on track before they get too out of hand. My take has been, the better informed people are about legislationa and the process, the less "optimistic" they are. Maybe the "change" rhetoric is satisfying to some, but when the "change" candidate, Obama is the one pushing through anti-1st Amendment legislation, then we have a serious problem.
He's 72 or 73. It would be a short lived imperial tyranny. Yeah, it's all of the nuts who can't rationalize, "We gotta fight'em over there, so we don't have to fight'em over here". You probably were never going to vote for RP. Odds are, you probably don't even know when your primary is, the voting rules, delegate counts, or what time to vote and where. It's all good son. I've got a big dose of I told you so, for when you'll be living out of a Corn Flakes box.
LOL. Ya he will be like castro who won't just die.... BTW Oregon is February 5th this year, but guess how us Oregonians vote? (hint: it is different than most states) Sorry if you missed my sarcasm, I was playing off of seocrooks words below:
You mean "reality" not "optimism"? As opposed to what? Everything is just dandy and nothing is broken and we are all prospering? Wake up!
That is a common viewpoint from the younger members of society and those that have not yet found a way to succeed. I was the same way in my teens and 20's. Maturity and experience in life tend to broaden a person's perspective about what reality really is. The problem is that there isn't any reality in Ron's pitch. That's why he is not gaining any traction in the polls. No one is saying that things are honky-dory. I've traveled around this planet many times and I can say with total conviction that every political system in every country is broken in some major way. It is not just a problem here. Almost everyone in every country complains about their government and the way things are done. If I had the ideal place to live, I would have moved there long ago. Here is some advice that I hope finds its way to Ron Paul. Ron, you will never get anywhere catering to the radical fringe. If you do not have a message that appeals to mainstream America, you don't have a message. Unfortunately, Ron Paul is doomed to be the Howard Dean of the Libertarian branch of the Republican party.