Tuesday, February 24, 2009

Pay No Attention.....

The Federal Reserve likes to remind the American people of how hard they are working. Chaiman Ben Bernanke never fails to mention how governors "worked through the weekend" or have "explored every option."
Barack Obama has also encouraged more oversight and transparency during his Administration. He has pledged greater accountability and even promised a website dedicated to tracking "recovery" dollars.
Joseph Goebbels, the infamous Nazi propagandist, once said, "If you tell a lie and keep repeating it, eventually the people will come to believe it." Adolph Hitler also knew that if the lie was big enough, the disinformation around the lie would be able to shroud the truth from ever coming to light. Discussions about the current economic crisis are modeled in much the same fashion. Pundits and the economists they choose to be on their shows speak about every thing but the crux of the problem. They keep asking, "What can government do to resolve the problem?" No person in the mainstream media ever has a serious discussion of the massive overhaul needed to reform the American economy. This is not an accident. This is by design.

Never mentioned is the option of abolishing the Federal Reserve System, which is not a government agency, and letting the American people use the Constitution to reconstruct a sound economy. Because it is never discussed, many Americans think these problems have been accidental. For instance, in sports, when the players on the team continually lose, the general manager fires the coach and gets better players. The general manager rarely blames.... the fans. However, in this crisis, homeowners and consumers have shared most of the blame for the crisis. They borrowed too much, spent too much, and didn't live within their means. The so-called 'people at the top' also shared some of the blame, but they are mere middle men in the giant ponzi scheme. The true culprits, the owners of the Federal Reserve banks (not CEOs like John Thain or Vikram Pandit) are allowed to try and fix the problem by market manipulation. When the real objective has always been absolute power, a chance to change the rules of economic liberty is exactly what the Fed wants. And the whole time Americans are being led to believe the Fed is out for their best interests.

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