You oughtta know about propaganda...You've been spouting it in your every post on this topic.
You really have precious little room to ***** about the economic tinkering going on in the halls of political institutions out of one side of your mouth, while singing the praises of the biggest financial Ponzi scheme ever devised by man out of the other end.
Dude, you are obviously really messed up on drugs. I have a lot of friends who used medicinal herb, and it usually keeps them really mellow. The only problem with being really mellow is that most of them believe the rumor of the day and can not think critically any more.
1. The FED is not a Ponzi scheme.
2. I don't deal with propaganda.
3. I just tell people the truth. I post data and show people what it really means.
Put down the pipe, sober up and then come tell me something intelligent instead of the insane tripe spouted by the Ron Paul nincompoops. If it were not for the FED the US would be a Third World country by now. If we do not stop the corruption in government, we will be a Third World country within ten years even though we do have the FED. The FED has made the United States GREAT because it allowed us to spend money on projects that we could never have financed if we were still on the gold standard. Think man, Think! There is not enough gold in the world to fund our government. That was gone over half a century ago. The FED made it possible for us to do all of the great things that we have done as a country.
But, know ye this; even the FED can not stop the ravages of the massive wave of corruption that now is ingrained in our so called democratic process. All the FED can do is set the overnight interest rate, the discount rate and loan money. It can not pass laws to regulate the spending of that money by congress or the states.
The FED was invented out of nothing so the government could borrow from an outside source at low interest rates. That is a reality. The system was set up to work as it does. Now, as I have said numerous times in the past for the low IQ crowd, if people do not like what is being done with the money that the Government is borrowing they have to get their Congressional members to effect change.
We do not have any change going on that we can believe in now. It is just massive governmental corruption as usual, both at the Federal level and the state level. I have been lecturing on this Governmental corruption for twenty years now, trying to get the numerous state militia members to stop hating the government and to start hating the corruption.
Morality and ethics have flown out the window and can not be found in government corridors in any capital in the land.
Government is totally corrupt and both parties are responsible. Both Republicans and Democrats have approved massive spending bills supporting wars that we need not have been fighting. Iraq was totally unnecessary. Afghanistan could have been "corrected" by telling two or three of the former Soviet Turkic Republics to go in there and clean the whole mess up and annex the land. Afghanistan was an artificial creation in the first place, so let the Turkic people eradicate Radical Islam in their own way. With one hundredth of the money that we have spent on the war, we could have bought their alliance in the Radical Islam eradication project. Instead we had a congress that approved of wasting trillions on war. As a former military officer I can clearly state that was the stupidest engagement of American forces in American history. And to think, so soon after the stupid engagements in Somalia and Viet Nam. Damn, have we had dumb leadership since Blowjob Bill Clinton stepped down. (He did not have sex with that woman, Ms Lewinski.) There was a MAN who knew when to use force and when to use allies. You might say Lewinski was an ally, but that is off the record.
Both political parties are doling out hundreds of billions of government money for projects that we do not need and will not need.
All of this deficit spending is forcing the government to borrow more and more money from the FED. The FED is not at fault for that and most certainly should not be shut down because government is highly irresponsible.
Congress should be totally shut down until we get some responsible people in office who can make change that we can believe in and trust in. Most of our members of congress look upon graft and fraud as normal behavior. We need to change that. The sooner we change that the better. Those people who have corrupted the Democratic process should be put on trial for Treason and if found guilty, shot by firing squad.