You guys can not even articulate the real issues, let alone the (only) solution. Ending the FED and then what??
Tea Partier´s don´t get it, Paulian´s don´t get it, and End the FEDDer´s don´t get it. Come to think about it. Any so called sound money system subject to interest will terminate itself under insoluble debt. Even a gold standard. Besides that a finite supply of anything cannot support our industry.
The miracle your looking for is: MATHEMATICALLY PERFECTED ECONOMY. Trust me, it will take the banksters out for good.
Google it. Google Mike Montagne. Or check my Youtube channel.
As I have described, the fatal fault of the imposed monetary system is interest; and all further faults merely result from further failure to solve inflation and deflation. The Austrians, and Mr. Paul in particular, not only advocate interest; they advocate ELEVATED RATES OF INTEREST.
Effectively, what they want is to remove the embossed letters which now say “Federal Reserve Bank,” and replace them with “Ron Paul’s ‘COMPETING’ Bank(s)” — a principle which he refuses to debate, further define, or justify. Of course, any ostensible “competition” would ostensibly, on the contrary, drive interest rates down. But Mr. Paul tells us that we wouldn’t have borrowed ourselves into this debt mess if higher rates of interest had discouraged excessive/reckless borrowing.
Mr. Paul has never done the math: he tells you that all of you are going to benefit somehow therefore — oh and we so willingly believe this preposterous notion, don’t we? — he tells us we will benefit paying perhaps 17% interest on our homes than 5%. Sounds really like a good idea, doesn’t it? Especially since the rate of interest is the rate of multiplication of artificial indebtedness — higher rates of which instead necessitate greater rates of borrowing to maintain a vital circulation.
Unfortunately, most people who exalt Austrian “economics” hardly know the first thing about it. They reject math — most of which is little more than counting — as if you could understand otherwise; and they could have possibly determined solution otherwise. In no legitimate discipline or walk of life does such reckless abandonment of principle hold.
But Mr. Hayek, God of the Austrians tells us why they advocate interest and the current banking model — which are our very problem. See Hayek’s article at Mises org: “A Free Market Monetary System,” I think it’s called. Anyway, he thus justifies interest, that it makes banking “an extremely profitable business.”
That’s right. There IS no justification, just an outright confession of the motive.
We stand for real solution.
perfecteconomy dot com
endtheecb dot ning dot com
