Friday, September 26, 2008

The Chicken Littles Were Right

Folks have been warning us for several years now about the Fed's monetary policy. As a twenty-something back at the "turn of the century," I was beginning to learn about the hazards of fractional reserve banking and the Federal Reserve.

Of course the men and women who were warning us were met with scoffing and criticism. Ron Paul has been laughed at for suggesting a return to gold based currency. I have been laughed at when suggesting that what we have is unjust weights and measures. And try to tell folks how the Fed is stealing their money through inflation, ha!

One cannot be sure whether it is an "America is too big to topple" mentality or if it is just arrogant apathy. One thing that is sure, though, is that all of these Austrian economist who were dismissed as "Chicken Littles" are now saying, "This is what we've been talking about!"

But sadly, too few are listening. Sure, the majority of Americans polled are opposed to this $700,000,000,000.00 bailout, but they are still going to flock to the polls to elect a president that will continue all of the same policies that got America into this mess.

Neither of the "viable" central party candidates are going to address the REAL problems and you can bet they will not tighten up DC's belt and downsize federal government.

No, the District of Corruption will not change unless forced to. Perhaps that's why there is a growing constituency in the secession movement.

2 comments:

Jeff ( Va. Rebel ) said...

Isn't it just a slap in the face - we work and scrape the nickels and dimes together to survive ,
and they sling about billions upon billions as if it were nothing .

I know there are a multitude of financial "revealers" out there and alot of good ones - have you ever read of Sheldon Emry or Richard Hoskins ? They seem to be real simplistic in their approach and have a way of making the complex easy to fathom .

If all of our money is "created " by pen , supported by our guaranteed servitude to repay the debt they thus put into play - from where is the interest due on the tab pulled from ?

10 dollars loaned into existance with the contract stipulating that 11 is due in return ... you've been had . The 11th doesn't exist .

There is good reason God gave us warning on this evil . And so many others .
Million dollar question is - will we heed the warnings in time ?

Damon Crowe said...

Jeff,

I have not read them, but will look into it.

On the monetary issue regarding interest due--- Precisely what people can be told and nod to, yet refuse to acknowledge that it is a huge problem.

God tells us to use "just weights and measures." The dollar is a unit of measurement.