Sen. DeMint Destroys Bernanke And The Fed!
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TheEvilDetector
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This is mind blowing. Fed is being politically executed.
Honestly, it would NEVER get to this, were it not for Ron Paul, like minded politicians and massive grassroots campaigning from Ron Paul supporters and others.
Its slowly becoming a question of not whether to audit the Fed, but should it even exist in the first place.
Over time, this is going to become a central question, do we even need a central bank at all? Why concentrate financial power in the first place?
How could concentrating financial power benefit anyone except those at the helm? Seems like a very straightforward concept.
Honestly, it would NEVER get to this, were it not for Ron Paul, like minded politicians and massive grassroots campaigning from Ron Paul supporters and others.
Its slowly becoming a question of not whether to audit the Fed, but should it even exist in the first place.
Over time, this is going to become a central question, do we even need a central bank at all? Why concentrate financial power in the first place?
How could concentrating financial power benefit anyone except those at the helm? Seems like a very straightforward concept.
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Carson
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Maybe this will help make the danger of fiat money clear.
Imagine you and me are setting across from each other. We create enough money to represent all of the world's wealth. Each one of us has one SUPER Dollar in front of him.
You own half of everything and so do I.
I'm the government though. I get bribed into creating a Central Bank.
You're not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with.
All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world!
That isn't the only thing though. You need to get busy and get to work because YOU'VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.
That to me represents what has been happening to the economy, and us, and why so many of our occupations just can't keep up with the fake money presses.
They have been beating us with our own stick!!!!1
Imagine you and me are setting across from each other. We create enough money to represent all of the world's wealth. Each one of us has one SUPER Dollar in front of him.
You own half of everything and so do I.
I'm the government though. I get bribed into creating a Central Bank.
You're not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with.
All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world!
That isn't the only thing though. You need to get busy and get to work because YOU'VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.
That to me represents what has been happening to the economy, and us, and why so many of our occupations just can't keep up with the fake money presses.
They have been beating us with our own stick!!!!1
From DeMint's closing analysis and historical quotations of your remarks, Ben, the FRS apparently wasn't concerned enough about Freddie and Fannie to raise the alarm above the level of a squeak... or your historical testimony before the US Congress was an outright lie. 
DeMint's remarks were brilliant, concise, and lucid.
DeMint's remarks were brilliant, concise, and lucid.
Thanks for sharing this, Jim was on top of his game, my favorite question:
"Do you believe money is an instrument of government to be manipulated as necessary to calibrate the collective economic behavior of the public with the perceived financial needs of government?"
"Do you believe money is an instrument of government to be manipulated as necessary to calibrate the collective economic behavior of the public with the perceived financial needs of government?"
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