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Ron Paul Blasts "After 100 Years Of Failure, It's Time To End The Fed"

Tyler Durden's picture





 

Submitted by Ron Paul via The Free Foundation blog,

This week the Federal Reserve System will celebrate the 100th anniversary of its founding. Resulting from secret negotiations between bankers and politicians at Jekyll Island, the Fed’s creation established a banking cartel and a board of government overseers that has grown ever stronger through the years. One would think this anniversary would elicit some sort of public recognition of the Fed’s growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning. But just like the Fed’s creation, its 100th anniversary may come and go with only a few passing mentions.

Like many other horrible and unconstitutional pieces of legislation, the bill which created the Fed, the Federal Reserve Act, was passed under great pressure on December 23, 1913, in the waning moments before Congress recessed for Christmas with many Members already absent from those final votes. This underhanded method of pressuring Congress with such a deadline to pass the Federal Reserve Act would provide a foreshadowing of the Fed’s insidious effects on the US economy—with actions performed without transparency.

Ostensibly formed with the goal of preventing financial crises such as the Panic of 1907, the Fed has become increasingly powerful over the years. Rather than preventing financial crises, however, the Fed has constantly caused new ones. Barely a few years after its inception, the Fed’s inflationary monetary policy to help fund World War I led to the Depression of 1920. After the economy bounced back from that episode, a further injection of easy money and credit by the Fed led to the Roaring Twenties and to the Great Depression, the worst economic crisis in American history.

But even though the Fed continued to make the same mistakes over and over again, no one in Washington ever questioned the wisdom of having a central bank. Instead, after each episode the Fed was given more and more power over the economy. Even though the Fed had brought about the stagflation of the 1970s, Congress decided to formally task the Federal Reserve in 1978 with maintaining full employment and stable prices, combined with constantly adding horrendously harmful regulations. Talk about putting the inmates in charge of the asylum!

Now we are reaping the noxious effects of a century of loose monetary policy, as our economy remains mired in mediocrity and utterly dependent on a stream of easy money from the central bank. A century ago, politicians failed to understand that the financial panics of the 19th century were caused by collusion between government and the banking sector. The government’s growing monopoly on money creation, high barriers to entry into banking to protect politically favored incumbents, and favored treatment for government debt combined to create a rickety, panic-prone banking system. Had legislators known then what we know now, we could hope that they never would have established the Federal Reserve System.

Today, however, we do know better. We know that the Federal Reserve continues to strengthen the collusion between banks and politicians. We know that the Fed’s inflationary monetary policy continues to reap profits for Wall Street while impoverishing Main Street. And we know that the current monetary regime is teetering on a precipice. One hundred years is long enough. End the Fed.

 


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Fri, 12/20/2013 - 14:41 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yes, yes, time for another age of robber barons, bring it.

Say it with me, "I remain long sharecropping, physical assets, and a dependable tribe."

Fri, 12/20/2013 - 14:39 | Link to Comment The Juggernaut
The Juggernaut's picture

If there is a Revolution in the USA I hope Ron Paul leads it... I think he already has.

Fri, 12/20/2013 - 14:40 | Link to Comment The They
The They's picture

END THE FED

Fri, 12/20/2013 - 14:47 | Link to Comment MonsterBox
MonsterBox's picture

yeah, right.  that's like the Sheep asking the Farmer to warm his hands before shearing their wool off, just before the Blizzard.

Fri, 12/20/2013 - 14:54 | Link to Comment SafelyGraze
SafelyGraze's picture

end the fed?

but then would would we do?

who would ensure price stability and employment?

who would buy bonds?

who would by mbs?

who would be the lender of last resort?

who would issue debt that could then circulate at near-zero velocity in payment of goods and services?

and who would cover 2+ trillion of unaudited pentagon spending and trillions of derivatives?

unless you have an answer to these important questions, don't even *consider* ending the fed

hugs,
G20  

Fri, 12/20/2013 - 14:57 | Link to Comment BoNeSxxx
BoNeSxxx's picture

End the FED... AND stick them with the debt they printed from nothing.

Because, as we all know, each citizen (and their labor) is put down as collateral for all debt incurred by the government... lest we forget that nugget.

 

p.s.  I think Safely Graze forgot his sarc tag... at least I hope he did :-)

Fri, 12/20/2013 - 15:18 | Link to Comment Divided States ...
Divided States of America's picture

I hate saying this but I dont see anything that will end the Fed until one day we wake up and one of the head of the Federal Reserve Banks, Chucky Evans would make a good candidate...gets beat up in an alleyway in the Windy City...I think this will knock some sense into him and the other clowns...and hopefully one after another, these fuckin deceitful assholes will step down from their posts across the country because its not worthwhile anymore to keep fucking the sheeples...on a risk rewards basis.

Fri, 12/20/2013 - 15:21 | Link to Comment LawsofPhysics
LawsofPhysics's picture

It will never "officially" end, the Fed (and dollar) will simply become "irrelevant". 

Exponential equations and evolution are a bitch and honestly, the laws of Nature and physics really don't give a shit, they are what they are.

What?  too cynical for a Friday?

Fri, 12/20/2013 - 15:55 | Link to Comment Anusocracy
Anusocracy's picture

A vote for government is a vote for a Banana Republic.

Fri, 12/20/2013 - 16:47 | Link to Comment negative rates
negative rates's picture

Scrambled eggs and french toast till death do we part.

Sat, 12/21/2013 - 15:08 | Link to Comment Papasmurf
Papasmurf's picture

24 pc chicken McNuggets®, Jumbo fries, 42oz Pepsi and 2 apple turnovers. 

Fri, 12/20/2013 - 15:02 | Link to Comment Headbanger
Headbanger's picture

The IMF maybe??

Sat, 12/21/2013 - 00:08 | Link to Comment Tsukato
Tsukato's picture

Fuck you and your son Ron Paul. You are nothing but manufactured dissent. Ending the Fed is pissing in the wind. The only thing that's gonna bring any change is a massive blood letting. And that should include you and your sack of shit kid.

Sat, 12/21/2013 - 00:31 | Link to Comment Tsukato
Tsukato's picture

Yeah grandpa, all problems of the republic lie at the feet of the Fed. Not career politicians (by the way, how long did you sponge off the taxpayer teet?), PACs, the military, the parasitical tribe we're not allowed to mention by name here at the "Fight Club" (what a fucking joke), etc! Now fuck all of you and your red arrows. You know I'm right, but it's so much more comfortable to support an impotent old man and his folksy wisdom.

Fri, 12/20/2013 - 15:02 | Link to Comment asteroids
asteroids's picture

Amerika and the West is morally corrupt. The FED printing up payola and giving it to politicians that gladly send the bill to their unborn grandkids.

Fri, 12/20/2013 - 23:55 | Link to Comment pavman
pavman's picture

I disagree.

 

They're sending the bill to YOUR unborn grandkids, not theirs.  Their grandkids will be fine... esp. with all the ill-gotten gaisn they take before leaving office.

Fri, 12/20/2013 - 15:24 | Link to Comment Nostradumbass
Nostradumbass's picture

Nowadays people need to see /sarc to even comprehend and recognize sarcasm?

C'mon people, take a little thought and read more carefully.

Fri, 12/20/2013 - 16:34 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

Hey, Safely - i got one more owl question to add to your list of concerns.

Who gives a fuck ?

Let the Fed, the banksters, lawyers, and politicians take their instruments of slavery to hell with them.

Let 'em all burn in their paper " paradise " 

Fri, 12/20/2013 - 17:26 | Link to Comment Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

Not sure about the down votes Safely...I may be wrong but I sense quite a bit of sarcasm in your post.  *shrug*

Fri, 12/20/2013 - 18:04 | Link to Comment 1stepcloser
1stepcloser's picture

Is this you Graze?  Nice to meet u Hudson

http://www.youtube.com/watch?v=dsx2vdn7gpY

Fri, 12/20/2013 - 15:58 | Link to Comment BLOTTO
BLOTTO's picture

The beast is further up the creek... we are just dealing with the tentacles...

.

An Ode to Limerick King,

 

We need to sever the beasts head...

Or they just re-create another type of Fed...

So, if we dont act now,

We will always be a cow,

And get milked until we are fuckin dead.

 

 

Fri, 12/20/2013 - 15:58 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

THIS TIME IT MAY JUST HAPPEN!  The Fed charter is up and their ponzi  is coming to an end...just waiting for the final "sting". So look for them to repackage themselves in a new ponzi, probably NWO real soon. The FEDERAL RESERVE won't be part of the repackage job. This BS ponzi will be global CB style for enslavement of entire planet under single currency. Would not be surprised if it's a crypto-currency.......just warnin'.

Fri, 12/20/2013 - 16:08 | Link to Comment BLOTTO
BLOTTO's picture

In other words, Nothing New Under the Sun, History is repeating itself.

.

That is why im implying that in order to succeed, we need to not only end the Fed - but eliminate TPTB - and replace with legit one. Or better yet - eliminate TPTB 1st and then everything else topples over. But who to trust...who to really believe in?

Otherwise its the same shit, over and over and over again. Or should we try voting just one last time?

.

Good Luck to Us.

Fri, 12/20/2013 - 16:31 | Link to Comment KnightTakesKing
KnightTakesKing's picture

We've had 100 years of the Fed
And America's ledger is red
If you think that is funny
Hand over your money
Our Republic is certainly dead.

Fri, 12/20/2013 - 15:59 | Link to Comment Anusocracy
Anusocracy's picture

I hope he runs in 2016 instead of his doofy son.

Fri, 12/20/2013 - 14:43 | Link to Comment prains
prains's picture

Saying "End the Fed" is like saying "End the Oligarchs".....when's the last time that happened in human civilization? Only around the spilling of massive amounts of blood does the Oligarch hide, only to reappear time after time after time

Fri, 12/20/2013 - 16:28 | Link to Comment mick_richfield
mick_richfield's picture

This is the dawning of the Age of Aquarius.

Fri, 12/20/2013 - 17:37 | Link to Comment prains
prains's picture

....well we need its fucking turtle head to push a little harder, enuff with the dawning lets get busy

Fri, 12/20/2013 - 14:44 | Link to Comment RSloane
RSloane's picture

We can't end the Fed! [panic voice]

Our entire economy is made up of inflating bubbles then bursting them. By definition, we would have no economy at all without the Fed.

Fri, 12/20/2013 - 14:48 | Link to Comment Winston Churchill
Winston Churchill's picture

The FedRes is like some huge malignant growth.You cannot even make out the features of the host anymore,

let alone remove it without killing that  host.

Fucked if we do,fucked if we don't.

Decisions.

 

Sat, 12/21/2013 - 12:51 | Link to Comment LibertarianMenace
LibertarianMenace's picture

If we're already hosed, and I agree that we are, then let's do it. The trouble is, real assets with a legal title won't vaporise along with the FedRes that was used to steal them. Hence new boss same as the old boss, they'll just re-denominate in whatever comes next.

Fri, 12/20/2013 - 15:02 | Link to Comment El Vaquero
El Vaquero's picture

LOP, I saw that you posted and then started daydreaming about building a guillotine.  You have that effect on people. 

Fri, 12/20/2013 - 15:24 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Yes, for better or for worse I guess.

Fri, 12/20/2013 - 15:14 | Link to Comment rubiconsolutions
rubiconsolutions's picture

Yes, I agree, end the Fed. But...also that other atrocity of 1913, the 16th amendment which codified theft and economic slavery. 1913 must be undone by repealing both the Federal Reserve Act and the 16th amendment.

Fri, 12/20/2013 - 15:17 | Link to Comment El Vaquero
El Vaquero's picture

And banning property taxes while you're at it.  And banning deficit spending by state entities. 

Fri, 12/20/2013 - 17:28 | Link to Comment FightingtheFed
FightingtheFed's picture

It's all I can do to watch these WallStreet maggots sit around gorging themselves day after day at the Fed trough while working people have harder and harder time making ends meet..

 

Starting to really understand the cotempt in Germany back in the 20s and 30s that boiled over...

 

There's not a hell hot enough for these maggots!  Startign with Jim Cramer. The Biggest shyster in the Modern era.

Fri, 12/20/2013 - 17:50 | Link to Comment Rafferty
Rafferty's picture

You mention Jim Cramer and I agree. Just checked his wiki....and have to ask myself, at the risk of a midnight knock on my door, is there ANYBODY not of the Tribe in those vulture positions?

Fri, 12/20/2013 - 20:15 | Link to Comment haskelslocal
haskelslocal's picture

Poo

Fri, 12/20/2013 - 14:45 | Link to Comment Ignatius
Ignatius's picture

A 100 year crime, not a 100 year failure.

 

Fri, 12/20/2013 - 14:58 | Link to Comment Crash N. Burn
Crash N. Burn's picture

"A 100 year crime, not a 100 year failure."

Depends on your definition, works great for Wall Street. The Fed is:

"absorbing gigantic liabilities from Wall Street, in return for its gifts of trillions of “QE” dollars.

How “gigantic”? A glimpse at just one of the derivatives contracts amongst these fraud-factories is highly illuminating. This “glimpse” comes courtesy of a lawsuit between Citigroup and Morgan Stanley. Why did Citigroup have to sue Morgan Stanley in order to attempt to get payment on an ordinary derivatives contract?

Because while these Banksters love to make big bets (literally $trillions and $trillions every year); like any Crooked Casino operators, they hate making payments when they lose. In the case of the previous bet in question; even after liquidating Morgan Stanley’s “collateral” (which supposedly backed the bet), Morgan Stanley was legally obligated to make a 300:1 pay-out.

This equates to not simply a 100% loss for Morgan Stanley on its derivatives bet, but rather a 30,000% loss. Thus with respect to these fraudulent “asset purchases” by the Fed, each time Wall Street claims it is “selling $1 trillion in assets”, it could (theoretically) actually be unloading as much as $300 trillion in liabilities."

Federal Reserve Shooting Blanks

Not to worry, the Fed has your best interests at heart (sarcasm off).

Fri, 12/20/2013 - 14:50 | Link to Comment yrad
yrad's picture

I wanna burn the whole, world, down...

Fri, 12/20/2013 - 15:02 | Link to Comment CrashisOptimistic
CrashisOptimistic's picture

The 10 year yield is vomiting on the GDP number.  They don't believe it.

Fri, 12/20/2013 - 14:50 | Link to Comment A Lunatic
A Lunatic's picture

What really needs to happen is end the fucking end the FED charade. Either end it or stop talking about ending it FFS.

Fri, 12/20/2013 - 14:52 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

yes..End it.....

but I want a full accounting first.......

who owns it, who started it and how much wealth was stolen from the American people. I want a full accounting of EVERY so called "loan" made going back to 1913. All interest payments will be returned to the American people and all banksters will undergo waterboarding/torture until their last days............nothing less/nothing more

~~~

Fri, 12/20/2013 - 15:20 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Great point, but fairly easy to answer.  look no further than those who travel with professional security and own islands...

I know of two.

Sat, 12/21/2013 - 03:34 | Link to Comment supermaxedout
supermaxedout's picture

After having returned everything of what they stole the banksters and their willing helpers will be send to hard labor camps. Isnt't it ? Sounds somehow familiar to me.

Fri, 12/20/2013 - 14:52 | Link to Comment B.J. Worthy
B.J. Worthy's picture

That no one can even muster token resistence to Ol' Yellen's nomination does not bode well for ending the Fed.

Fri, 12/20/2013 - 14:56 | Link to Comment Racer
Racer's picture

"Congress decided to formally task the Federal Reserve in 1978 with maintaining full employment and stable prices"

there's the key word there.... STABLE

EPIC FAIL

Fri, 12/20/2013 - 15:19 | Link to Comment Seer
Seer's picture

Well, duh!  You cannot maintain ANY state, and especially a stable one! ("stable" is but a transition point between "expansion" and "contraction")

I'd have to say that the U.S. military has been far more active in stabilizing prices, especially energy.

Everntually it all succumbs to entrophy...

Fri, 12/20/2013 - 15:27 | Link to Comment LawsofPhysics
LawsofPhysics's picture

price?  What are you pricing in?  fiat? gold? clam shells?

Epic fail indeed.  Basically, 1978 is when the CONgress submitted and gave all control to the bankers.

Fri, 12/20/2013 - 15:43 | Link to Comment Seer
Seer's picture

LoP, the rubicon year was 1971.  Once you're full fiat then the presses were posed and ready to go as they "barriers" were then removed: can't see that bright and shining beacon on the hill with those barriers in place!

Fri, 12/20/2013 - 15:55 | Link to Comment El Vaquero
El Vaquero's picture

It's difficult to point to a Rubicon year.  We printed a shitload to run Vietnam, which is arguably what led to the run on US gold and the Nixon Shock.  So one could argue that Vietnam was the Rubicon event as it was largely responsible for the events leading up to the Nixon Shock.  But there were also other reasons that we were spending like drunken sailors prior to that. 

Fri, 12/20/2013 - 19:16 | Link to Comment Seer
Seer's picture

Well, true, lots of contributors, but the "peak" (better word than rubicon?) really was in 1971, for any sort of legitimacy of the USD and for US oil production (then leading to a reversal of fortunes- net exporter to net importer).

The first bad steps were: go forth and multiply- and thus perpetual growth on a finite planet was underway.

Fri, 12/20/2013 - 19:30 | Link to Comment Seize Mars
Seize Mars's picture

Vaquero
Yes I agree but in my mind, Viet Nam was the tool they used to push a full fiat dollar. They knew what they wanted, they just had to get Uncle Sam to spend enough deficit dollars. Voila-war is always the answer.

Sat, 12/21/2013 - 07:19 | Link to Comment artless
artless's picture

Lop, Seer,

Both correct in their own way but long before as stated above was 1913 and the other head of the snake the 16th amendment.

Without BOTH there is no WWi. No WWii. At least when it comes to US participation. Perhaps a small retaliar egaemet w/ Japan after Pearl but that is only if Pearl happens which without the things that come before it-like US imperialism funded by funny money and THE MASSIVE ARMS BUILD UP UNDER THE GREAT SATAN FDR LONG BEFORE ANYONE WAS EVER INVADING ANYWHERE IN EUROPE-might/probably would not have happened. IN other words no WWs. The Empire is never built on the backs of the producers and then financed in the future like today by WAGE EARNERS.

We DO NOT as a people learn from our past or our mistakes. By 1980 FDR's shit show was either long forgatton or as tought in schools falsely glorified which then allowed for the enourmous military expansion of that decade which gave the tools to the following regimes to go on their vast exploratory missions in The MidEast and pretty much everywhere else in the world in order to protect dollar supremacy (petrodollar, reserve currency thing) which is the only thing keeping The US alive right now. And by that I mean Washington, DC and their debt/borrwing monster.

1971 opened the flood gates. 1978 was more of a pile of bullshit heaped on the cartel at the Fed by ignorant elected officials otherwise known as the useful idiots to TPTB to make them feel better and keep te serfs at bay. Think guys a similar bunch voted for TARP a few years later after a The Bernanke and Paulson went full retard, chicken little, end of the word crazy cause guys like Jeff Immelt might lose their bonuses. As the larceny gets easier the thieves get bolder.

While I do appreciate RON Paul (and Tsukato can go fuck himself) I do not think it will end all that well and we'll be able to just calmly end the thing. It's going to get rather ugly. But one day Greenwich, CT is gonna be the Flint, Michigan of the NorthEast.

Just began reading The Great Deformation by Stockman. Nothing I did not already know or suspect but after 100 pages he has provided the numbers and "I was there, this is what the people said" insight that cements my suspicions.

Snyder's lists are probably best viewed over time. No, the "stock market" (they ALL follow one another? Really?) is not going down tomorrow. 16, 17, 20 thousand is possible. But the foundation of those numbers have no basis in reality. My guess is that at SOME POINT in the future it will lose half. S&P will take the heaviest hit along with the NASDAQ. Why? Because the companies that make up those indexes are more populated by those who will either feel a slowdown more or ARE COMPLETE BULLSHIT HOUSE OF CARDS CORPORATIONS like, say FacePLant, Twatter, Big Banks, etc. IN the meantime I'm sure there will be those who ride the wave longer and pull out right on time before they go under. I have neither the cash nor the stomach to take that BET. Peoblem is there are many out there whose JOB and BONUS and FULLY LEVERAGED LIFESTYLE depend on that and who when all is said and done rarely ahve to face the CONSEQUENCES of LOSING THAT BET MADE WITH OTHER PEOPLE"S MONEY because of...wait for it...

The Fed.

Get It?

Fri, 12/20/2013 - 17:19 | Link to Comment dracos_ghost
dracos_ghost's picture

Coinky Dink?

http://www.imf.org/external/np/exr/facts/gold.htm

The section "The IMF's Legal Framework for Gold" is most interesting. SDR is going to become the new Bitcoin.

 

Fri, 12/20/2013 - 18:35 | Link to Comment Winston Churchill
Winston Churchill's picture

Nice find

So you have to borrow from them in fiat but repay with gold.

Relic my ass.

"Gold is money everything else is credit".

The modern version.

Fri, 12/20/2013 - 19:21 | Link to Comment Seer
Seer's picture

The IMF held 90.5 million ounces (2,814.1 metric tons) of gold at designated depositories at mid-September 2013. The IMF’s total gold holdings are valued on its balance sheet at SDR 3.2 billion (about $4.8 billion) on the basis of historical cost. As of September 17, 2013, the IMF's holdings amounted to $118.7 billion at current market prices.

Seesh!  The Fed cranks out $85 $75 billion in a month.

Interesting, though, that they lead out with the "historical" cost value.  Most bankers tend to push their mark-to-fantasy valuations.

Fri, 12/20/2013 - 18:11 | Link to Comment Emergency Ward
Emergency Ward's picture

Neigh!

Fri, 12/20/2013 - 14:54 | Link to Comment docmac324
docmac324's picture

Actions still speak louder than words.  Want the Fed gone, then stop talking and start acting.  Stop feeding the monster.  Everyone here knows how.

 

Fri, 12/20/2013 - 15:02 | Link to Comment tony bonn
tony bonn's picture

the crash of 1907 was deliberately induced by wall street banksters led by j p morgan....these bankster scum bags had been plotting for the fed since the 1890s....the fed a cancer on the economy and should be ended 12/23/2013 if not sooner.

Fri, 12/20/2013 - 15:43 | Link to Comment Seer
Seer's picture

The industrialists had over-capitalized and were struggling to increase market share.  You'll find that about this same time as the Fed coming on-line that wars really took off.  Wars (especially the dirty little ones [refer to Smedly Butler's War Is A Racket]) were necessary in order to help "open up" new markets for dumping excess U.S. goods.

Fri, 12/20/2013 - 15:08 | Link to Comment Seer
Seer's picture

The Fed is only a symptom of the disease of growth.

I believe that the Fed is buying up all the "troubled" assets and will one day implode, resulting in a debt jubilee.

I am not comforted with the thought of U.S. "politicians" having total control over money/banking: these folks have worked in tandem with the banksters/Fed to get to where we are now, and they'd only continue to do the same only w/o having to spend a bunch of time with their dog-and-pony Federal Reserve hearings.

Fri, 12/20/2013 - 15:32 | Link to Comment Seer
Seer's picture

Look!  I caught one ignorant, dumb fuck down-voting INFORMATION.  Come on, punk, let's talk about this?  Or, do you in some way think, in your petty little brain, that I'm FOR the Fed or AGAINST Paul?

Fri, 12/20/2013 - 15:12 | Link to Comment WTFUD
WTFUD's picture

It's god me a love so me no love satan!

Fri, 12/20/2013 - 16:30 | Link to Comment mick_richfield
mick_richfield's picture

Dude.  Try cutting the pills in half.

Fri, 12/20/2013 - 16:52 | Link to Comment WTFUD
WTFUD's picture

thanks mick_rich for looking out for my welfare. diamond geezer.

Fri, 12/20/2013 - 15:18 | Link to Comment stinkhammer
stinkhammer's picture

dear santa; please end the fed; for the children

Fri, 12/20/2013 - 15:23 | Link to Comment ToNYC
ToNYC's picture

FED is for Emergency Room only, now Killing me ZIRP-ly, denying my interest.

Fri, 12/20/2013 - 15:25 | Link to Comment DYS
DYS's picture

 

 

Dear Uncle Ron,

Fuck you for throwing the election.

Big hug,

The people who believed in you.

Fri, 12/20/2013 - 15:29 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Let me clear;

 

Dear Moron,

Elections have not mattered for quite some time, awareness does matter however.

Don't like what you see get off your ass and DO something to change it.

Fri, 12/20/2013 - 15:31 | Link to Comment DYS
DYS's picture

He didn't need to waste the millions of dollars of donations to his campaign if he never intended to see it through to the end.   He should have ran independent and given us a chance to vote.

Fri, 12/20/2013 - 15:40 | Link to Comment Seer
Seer's picture

Still not getting it...

It's the FUCKING SYSTEM!  One either legitimizes its illegitimacy by voting or condems it by NOT voting.  POTUS is nothing but a platform, it is NOT responsible for appropriating money or creating laws: it only can talk about these things and pressure legislators to vote certain ways; and, yes, POTUS has power in appointments... (but only ever with the consent of TPTB, for whom the System is really only for)

Sat, 12/21/2013 - 07:36 | Link to Comment artless
artless's picture

Independant? Are you that delusional? Ross Perot had FAR LARGER numbers than Paul in 1992 and was even LEADING in the general before the conevntions but didn't even come close an the end.

Electoral LAW does not allow for third party competition on any sort of an equal footing. Change that and we have a different story.

So Paul runs as an independant. You are one of the lucky ones in a state that actually gets his name on the ballot (at the time he MIGHT have been able to get on 45-48 ballots) and you get to cast your precious vote. Paul gets 10% national. He maybe gets anyhwre form 15-20% in a state like Texas. End result? THE SAME FUCKING THING AS PAUL BOWING OUT. Period. End of Story.

TPTB killed his primary run good and early. You think they would not have killed an few ballot access in 4-5 states named PA, OH, NC, etc to insuer their candidate Mr. RObamney would win?

Methinks your well intentioned passion is a tad ignorant of electroal law, history, and the like. But if a Paul independant run would have made you FEEL better by giving you a chanece to place a completely pointless vote (any vote for that matter) then by all means he shopuls have done it.

Where were you in 1996? If memeory serves me right Harry Browne WAS ON ALL 50 ballots and the territories and the country had a real opportunity to elect THE person capable of preventing much of what has happened in the last couple decades as well as the balls to roll back what came before him. It's okay THe Google will provide you with what you do not know after you ask under your breathe "Harry Browne"?

Sat, 12/21/2013 - 07:23 | Link to Comment artless
artless's picture

Please explain.

Throwing the election? How? Some links to some sort of documentation? Or at least a fucking theory?

Are you saying he split the Repube vote causing some to stay at home and thereby NOT vote for Mittens? Are you saying that the election of Mittens would have prevented any of this or (pipe dream) started reversing the tide?

Are you fucking kidding me?

 

Sat, 12/21/2013 - 10:42 | Link to Comment DollarMenu
DollarMenu's picture

If one had actually participated in the 'system', and joined into the Republican caucus, one would have seen first hand how the Republican

morlocks who run the part machinery made certain that Ron Paul would not get to Tampa let alone to the national ballot.

For two presidential election cycles they did this.

The 'system' is one that puts who the owners want on the ballot.

 

Fri, 12/20/2013 - 15:26 | Link to Comment lex parsimoniae
lex parsimoniae's picture

Saying "End the Fed" is like saying "Term Limits"

Such transformation at these levels of power (Federal Reserve, Congress) requires application of greater power. Until said power is mobilized and applied this is just sloganeering. 

Fri, 12/20/2013 - 15:39 | Link to Comment HamRove
HamRove's picture

YES YES! Good point those of you who are saying "Where do we go without the FED?" or "We NEED the FED."

Who will be our masters then? We have to have a master...right?

We must be controlled because without out total control monetarily, the world will spin OUT of control. We can't handle a monetary system ANY other way. There is no way other than complete control.

Maybe some of you guys should grab some SACK and stop this control system from fleecing you daily.

RON PAUL is the SHIT!

That is all.

Fri, 12/20/2013 - 15:41 | Link to Comment Seer
Seer's picture

Yeah, the compication is always what to do AFTER the "revolution."  Given that most don't know what the real problem is I have ZERO confidence in supporting "solutions" (such as "revolutions").

There was an article here on ZH the other day challenging the need for there to even be banks.  I tend to support this line of thinking: question the premise; we ought to start WAAY back, peel the ENTIRE onion to the core (yeah, it'll bring tears, but no matter what we do tears is in our future)

Fri, 12/20/2013 - 16:01 | Link to Comment monad
monad's picture

END THE FED but kill all the cockroaches benefitting from it, to make sure they don't do worse.

Fri, 12/20/2013 - 16:02 | Link to Comment tricklecreek
tricklecreek's picture

I have a dumb question, hopefully someone can help me out

 

If the fed charter was for 100 years and that ends on 12/23, when did the new charter extending the fed get approved?

I am a dumbass pig farmer but i cannot find anywhere that the charter was renewed.

 

Fri, 12/20/2013 - 16:42 | Link to Comment monad
monad's picture

The original Federal Reserve Act of 1913 did indeed provide for expiration of the corporate "power" of the twelve Federal Reserve Banks to exist in 20 years from the banks' organization (not the adoption of the Act).

Sec. 4 ... the said Federal reserve bank shall become a body corporate and as such ... shall have power: ... Second. To have succession for a period of twenty years from its organization unless it is sooner dissolved by an Act of Congress, or unless its franchise becomes forfeited by some violation of law. Federal Reserve Act of 1913 (P.L. 63-43, 38 STAT. 251, 12 USC 221).

However, this 20-year corporate life was changed to perpetual in 1927 by Act of Feb. 25, 1927 (44 Stat. 1234) as follows:

Second. To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law.

This is codified in the United States Code, 12 U.S.C. § 341. See http://www.law.cornell.edu/uscode/us...1----000-.html

This is where it stands today. Each of the U.S. Federal Reserve Banks can only be dissolved by an act of Congress or "forfeiture of franchise for violation of law."

So it looks like the FED got a 20 year charter on 23 dec. 1913 and on 25 feb. 1927, this was changed to perpetual..

So the charter is perpetual, or there must be some other change after 1927.

Only an act of Congress can end the FED.

 

http://www.dailypaul.com/138304/federal-reserve-charter

Fri, 12/20/2013 - 16:26 | Link to Comment falak pema
falak pema's picture

Ron PAul "Blasts" : End the FED :

As a naive person who is agnostic economically and financially; who understands the MAth of ZH but also OBSERVES the huge fiat gun of the Oligarchy worldwide, now full blast in four huge economic zones : FED/BOJ/BOChina/BOE and supported, thru itsy bitsy, teenee weenie, polka dot bikini sterilisation, in ECB; how do you explain in this context that :

FED Tapers, saying : we see the end of the tunnel. Fracking and Obamacare juice will increase the black population in US by 10%; eat your hearts out Paleoconservative USA. The economy will grow by 3-4% upto 2016.

EU has just said : we have a safety net for our banks. Nobody can fukk us up the ass now you scum US/anglo Hedge funds.  Our economy WILL grow thru to 2016 and beyond. 

Japan trumpets : 2013 is a banner year for Nikkei and 2014 will be bullish thanks to Abenomics; something that our industry confirms inspite of Fuku Frankenstein.

UK says : we are now in strong economic growth. Cameron and Boris have made London THE Oligarchy town.

PUtin says : I can bail out Ukraine, free Khodo and Femen and start drilling in Arctic 'cos I am son of Peter the Great and future WORLD energy CZAR. All bow to me at Sotchi.  

Mutti says : With my new Chancellorship and left/right Union I will transform EU into Mutti-land AND win the 2014 world cup! Those PIIGS will eat out of my hands as will froggy France. They will all thank me in five years time as Bismarck's true Daughter; Nay CHarles Magnus's daughter! 

It seems to me that the ZH contrarian, libertarian Bear-pen has its work cut out to defy the fiat tsunami of world wide HOPIUM gone viral. How can Messiah Ron say such things like a prophet in the Navajo desert?

Has he not seen the fracked writing on the WALL of resurgent US FELICITY singing "yes we can (scam)" ?

All this concocted by Big BEN and Krugman, his Keynesian clown whom you all ADORE ! (Freudian slip wise). 

So why sing END the FED in the face of all this 2014 bull run evidence? 

All bets are open but I intend to celebrate Xmas like as if Father Xmas really will visit my house.

PROST ! To all you Doomers.

 

Fri, 12/20/2013 - 19:54 | Link to Comment Seer
Seer's picture

"Fracking and Obamacare juice will increase the black population in US by 10%"

Actually, here is how this happens:

Ugandan MPs pass life in jail anti-homosexual law

http://www.bbc.co.uk/news/world-africa-25463942

"JR" should find that an attractive place, except, I'm thinking, for all the "black" people.

Fri, 12/20/2013 - 16:08 | Link to Comment The Econ Ideal
The Econ Ideal's picture

End the Fed is synonymous with Term Limits for Congress and other correlated offices. The same can be said of Runaway Entitlements, Welfare and Subsides. Politicians will always sanction these institutions and promise constituencies the benefits as long as they can get perpetual votes. 

Fri, 12/20/2013 - 16:08 | Link to Comment Kavklov
Kavklov's picture

Easy peese Japanese...

 

NEXT FED MEETING RIG THE BUILDING WITH THERMITE AND BLOW THOSE MOTHERFUCKERS TO HELL!!!

JUST LIKE THEY DID ON 9/11.

 

Fri, 12/20/2013 - 20:44 | Link to Comment Seer
Seer's picture

And then D.C. takes over full control of our money PLUS they give MORE power to the NSA.

The "problem" is an IDEA, and that idea is that we can perpetually grow on a finite planet.  Until we get this issue taken care of blowing up the Fed or any other component of the grow-or-die system is meaningless and likely only going to increase the powers of those who hold the controls.

Fri, 12/20/2013 - 19:20 | Link to Comment kchrisc
kchrisc's picture

If by "failure" one means stealing everything from and enslaving the American people for a 100 years, and getting away with if, then  "success" would be a more apropos word.

Of course "success" becomes harder to define when the guillotines come out.

 

I am American not US.

 

Fri, 12/20/2013 - 20:49 | Link to Comment Seer
Seer's picture

What, you think that this is something new?  Did you not read about the natives?

"Success" has been primarily based on the exploitation of peoples and resources.  Meanwhile we have a fucked up planet to show for all of it...

Fri, 12/20/2013 - 16:30 | Link to Comment Constitutional ...
Constitutional Republic's picture

End the Fed.

Fri, 12/20/2013 - 17:37 | Link to Comment therearetoomany...
therearetoomanyidiots's picture

I love Ron Paul and what he's trying to do.

I love ZHers and their knowledge of the game being played.

However, "end the fed"

IT AIN'T GONNA HAPPEN

Anymore than Obama will be impeached or Corzine will go to jail.

I stand with KCrisc - break out the guillotines.  

Fri, 12/20/2013 - 18:58 | Link to Comment Constitutional ...
Constitutional Republic's picture

I sympathise with your sentiment. However, perhaps gentlemen prefer bonds ;-)

There's more than one way to slay a paper tiger...

Fri, 12/20/2013 - 17:43 | Link to Comment The worst trader
The worst trader's picture

Are you kidding end the fed? Impossible, it's the only thing keeping the stawk market from crashing!

Fri, 12/20/2013 - 21:43 | Link to Comment Monk
Monk's picture

The problem is driven by overall total debt and spending, which includes not just the Fed but also Wall Street, a middle class and consumer spending, a large military budget, etc.

Sat, 12/21/2013 - 04:43 | Link to Comment Incubus
Incubus's picture

You know exactly how this will have to "end":

 

1. World War III with the third world and emergent superpowers to force an "economic reset" and bankster's paradise for another 100 years.

 

or

2. "Sons of Liberty" water the tree of liberty.  

 

Either way, blood is in the future.

Sat, 12/21/2013 - 13:43 | Link to Comment Notarocketscientist
Notarocketscientist's picture

Can someone explain what a private entity (the Fed) is allowed to print money and collect interest off of that?

Why the fuck does the US government not print its own money - then lend it to the banks - who would lend it to industry and individuals... 

Then instead of collecting income tax the US government could collect interest (instead of the Fed doing that) and there would be no need to pay income tax.

Why in the fuck do we need the Fed to do this for us? 

Oh right - because we are enslaved by the Fed. 

Who really is behind the Fed?   Who are the specific people - and how is it they are able to maintain this system of slavery over us?  What are their weapons?   And would it be possible to carry out a coup against these people - cut off the heads to kill the body?

Surely they are just men - and a few bullets in the right place would put an end to this no?

Sun, 12/22/2013 - 10:50 | Link to Comment Jameson18
Jameson18's picture

The US Gov. can't print its own money. They can only coin money in gold and silver. Look at a hundred dollar bill it says Federal Reserve Note which means its a COUPON.  The FED pays the Treasury to print its coupons.  Look at the names of the people who run the FED and you will answer all of your questions. If you cut off the heads to kill the body then the media will call you an anti semite because the MSM is run by the same people that run the banks.

 

Please catch up to the rest of us.

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