Friday, December 17, 2010

Ron Paul Right On Regarding National Wealth


In the December 16, 2010 in the New York Times article "Ron Paul Appears Poised to Irk the Fed Chief"  Floyd Norris references last years writing by the Texas Congressman.
Ron Paul summed things up perfectly when he spoke of the need to abolish the fed. " If the Fed were abolished, he wrote last year, “the national wealth would no longer be hostage to the whims of a handful of appointed bureaucrats whose interests are equally divided between serving the banking cartel and serving the most powerful politicians in Washington.”
The Revolution: A Manifesto
This is why we can get no resolution with the housing crisis and the reason no one tried to stop Wall Street from over leveraging.  Everyone looked the other way because these politicians are owned by Wall Street.  It is extremely troubling to see how willing the government is to let the elite control the flow of money and the generation of wealth as long as they pay off the politicians.
End The Fed
I am not sure that eliminating the Fed would abolish the issues regarding inequality of national wealth but his explanation on the method of operation for the banks, Wall Street, and the politicians is right on the money. 

Read more on who is running the country here.  
Read more on the fearless banks here.

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