Sunday, November 23, 2008


I'm not going to lie. The Federal Reserve can be a tough issue to address. Not necessarily that it is "super complex," but that there is some background that needs to be covered. Am I capable of making a concise argument about everything that the Federal Reserve has done "wrong" or how it has harmed America? No. I have not read a single book about the Federal Reserve. I hope to change that sometime in the near future.

Luckily, there are some who have put in their time and researched the subject thoroughly and can give a brief and concise explanation of the history and the problems that we have today because of the Federal Reserve. These videos, from Ron Paul's speech at the Houston Federal Reserve, would serve you well if you are just stumped and uninformed when it comes to the Federal Reserve.

Part 1
Part 2
Part 3
Part 4

The issue over the past has been "who can control the money?" Whoever controls the money has control over the people. The issue concerning central banking is not new, as Thomas Jefferson and Andrew Jackson both got rid of United States central banks in their terms as President.

Here is a historic Jefferson quote that is quite profound:

"I sincerely believe that banking institutions are more dangerous
than standing armies"
-Thomas Jefferson

Do you need to become a Federal Reserve historian to understand this issue? The answer is a clear and resounding NO. Ask yourself today - Why do we have a central bank? What positives has central banking done for our country?

1 comment:

james1844 said...

At a minimum, the Fed needs much more transparency. Right now they are lending out a LOT of money with little oversight.