Nice. I hope it takes off. I’m glad Alex Jones sees through the phony-baloney OWS as an attempt to deflect attention from the Fed onto Wall Street and is turning it into an opportunity to bring even more attention to the Fed.
Clayton -
Seconded.
Give the power back to Congress?
Ending the Fed would deprive the bankers of the power they now wield. While Congress should not be printing paper money, either, (I’m about 99% sure Alex Jones agrees with this), it’s an effective wedge argument for those who do not understand what the problem is with the government printing money but can understand the problem with banksters buying up all the seats in Congress and the Presidency and the political parties, etc. If you don’t understand why we need to abolish government paper money, you should at least be able to understand that the power to issue money should not be in private hands not held accountable to the public by any means, even electoral.
Clayton -
The Federal Reserve System was created by an Act of Congress, which a majority of Congress could theoretically repeal at any time. The fact that this has not happened suggests to me that Congress remains by-and-large complicit in this arrangement.
Given the above, I don’t think Congress will nationalize the Fed unless and until the Fed stops satisfying the government’s wishes. At that point, the government will take upon itself the role of “banker of bankers”. I think the last thing the government would want to do at that point is abolish fiat money. Instead, the road to hyperinflation would grow much shorter.
“The people on the ground [at the OccupyWallStreet movement] are good, and understand the Federal Reserve is the central organization empowering this world government system.”
Really?
Here’s a good article about the attempt to focus OWS on the Fed: http://thedailybell.com/3052/Hope-for-Occupy-Wall-Street
Some quotes from it:
I applaud Alex for his reaction to these events. Rather than sitting around mocking the laughable demands of some of the protestors, or telling them to blame themselves, or denouncing the protests as “fake”, Alex has seized the initiative. People are angry and rightfully so. They know they’re getting screwed, and on purpose, by the system, which works for the elites. They are ripe for being educated on how that system works. They are ripe for being persuaded that their target should be the Fed, the source of the bankers’ power, rather than private businesses, and that less government is needed, not more. While Alex is not entirely Austrian, he is certainly benefiting the liberty movement by focussing OWS attention towards the Fed.
I’m totally with you on that, Graham…it’s definitely an opportunity to harness the general anger and, with a little education, focus it in a useful and helpful direction.
So maybe he’s simply trying to help that cause by calling these people on the ground “good”, so as not to alienate them. It’s entirely possible he’s seizing the opportunity to tell these clueless people what it is they’re actually protesting…Which is obviously quite clever. “The people on the ground are good, and understand the Federal Reserve is the central organization empowering this world government system.” That could easily be him directing the aimless followers and indirectly giving them something specific to actually be protesting.
It’s like standing next to someone who doesn’t know what’s going on and telling someone else who is challenging him “Hey! This guy knows exactly what’s going on…he knows the central banking system is the root cause of all these issues. He understands the creation of fiat currency out of thin air leads to bubbles and malinvestment, which inevitably results in recession and depression. He knows the elites benefit from the inflation created by the Fed. He knows all about it. You tell him, man.” And the clueless guy goes…“yeah!”