Lyon Theeves
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RE Econ Stab N the Back - Thank You John - 2008/10/04 07:04
Congressmen Linder,
Whenever people urge government to create laws that rob Peter to pay Paul, they participate in legal theft. Whenever politicians pander to expedient demands for access to the public treasury, they participate in legal theft . The farmer paid not to farm, the homeowner and college student given below market loans, the industry tariff that limits access to competitive markets, and the federal giveaways for everything from Amtrak to zygote research are legal theft. Since The Federal Reserve was created in 1913, we have evolved into a population of thieves and yet we wonder why our society if failing.
Thank you for voting against HR 1424, the so-called Economic Stab in the Back Act of 2008. Thank you for voting against ever growing waves of inflation--a hidden and relentless taxation that threatens to overwhelm American families.
Please consider working with Congressman Ron Paul to get rid of The Federal Reserve and legal tender laws. Thanks again and well done sir.
Wes Alexander
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Murray Rothbard (1926-1995) - "If government can find ways to engage in counterfeiting--the creation of money out of thin air--it can quickly produce its own money without taking the trouble to sell services. It can appropriate resources slyly and almost unnoticed, without rousing the hostility touched off by taxation. In fact, counterfeiting can create in its very victims the blissful illusion of unparalleled prosperity. Counterfeiting is another name for inflation. And now we see why governments are inherently inflationary: because inflation is a powerful and subtle means for government acquisition of the public's resources, a painless and all the more dangerous form of taxation."
G. Edward Griffin (in 2002) - "The Federal Reserve needs to be abolished for seven reasons:
1. The Federal Reserve is incapable of accomplishing its stated objectives.
2. It is a cartel operating against the public interest.
3. It's the supreme instrument of usury.
4. It generates our most unfair tax.
5. It encourages war.
6. It destabilizes the economy.
7. It is an instrument of totalitarianism."
Lew Rockwell (in 2003) - "Monetary policy is--aside from war--the primary tool of state aggrandizement. It ensures the growth of government, finances deficits, rewards special interests, and fixes elections. Without it, the federal leviathan would collapse, and we could return to the republic of the Founding Fathers."
George F. Smith (in 2003) - "The Federal Reserve holds a monopoly on the issue of money, a fiat currency backed by the coercive power of government through legal tender laws. The power of any money resides in the things it can buy. Doubling its supply won't double the amount of goods available; it will only bid prices up, over time. The Fed acts as if this fundamental fact can be ignored."
Ron Paul (in 2003) - "A paper monetary standard means there are no restraints on the printing press or on federal deficits. In 1971, M3 was $776 billion; today it stands at $8.9 trillion, an 1100% increase. Our national debt in 1971 was $408 billion; today it stands at $6.8 trillion, a 1600% increase. Since that time, our dollar has lost almost 80% of its purchasing power. Common sense tells us that this process is not sustainable and something has to give. So far, no one in Washington seems interested."
Edwin Vieira (in 2005) - "At every crucial point since the outbreak of the Civil War--1862-1864 and 1871 (emission of the first United States fiat currency and creation of the National Banks), 1913 (creation of the Federal Reserve System), 1933-1935 (destruction of the domestic 'gold standard', and repudiation and prohibition of obligations payable in gold), 1964 and 1967-1968 (debasement of silver coinage and repudiation of paper currency redeemable in silver), and 1971 (destruction of the international 'gold standard')--Congress, the President, and the Judiciary have wrapped this country more securely than before in the coils of unsound money and dishonest banking, both domestically and internationally--while at the same time enabling the Establishment to exert an ever greater, ever more pernicious influence over every American's economic and political life. "
Cyd Malone (in 2006) - "Fed officials 'fight' inflation in the same manner that Ted Bundy 'dated' women; they pummel the dollar into a pulp, then do their best to avoid blame."
Karen De Coster & Eric Englund (in 2006) - "Without a doubt, the measuring rod of money is broken. Indeed, money is loaned into existence by the Federal Reserve's banking cartel. Fractional-reserve banking allows it to be created out of thin air. "
Richard Greene (in 2006) - "Since the Fed, a private bank, was unconstitutionally handed the monetary reins of the United States in 1913 it has instituted a totally fiat currency in phases that has increasingly served special interest groups at the expense of the American people and now the people of the entire planet. "
Ron Paul (in 2007) - "Few Americans give much thought to the Federal Reserve System or monetary policy in general. But even as they strive to earn a living, and hopefully save or invest for the future, Congress and the Federal Reserve Bank are working insidiously against them. Day by day, every dollar you have is being devalued."
Gary North (in 2008) - "Central banks are the exclusive cause of price inflation. From 1938 until now, there has been only one year – 1955 – where America's prices fell, and then by only 1%. That is because the FED has increased the money supply every year since 1933."
Edwin Vieira Jr (in 2008) - "Although the Federal Reserve System is fatally flawed, the wealth and power of elitists in high finance, big business, and the political class depend on maintaining it -- or replacing it in a timely fashion with something of equal serviceability for their ends."
Fred Sheehan (in 2008) - "Treasury Secretary Hank Paulson has proposed the Federal Reserve be given broad powers to regulate the financial industry. He could not have nominated a more incompetent body. The Coast Guard would do a better job."
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