Posted by markparksforcongress on 07/19/09 09:54 AM Last updated 11/07/09 09:27 AM [Newer: Legislating the U.S. Constitution out of existence.] [Older: pigs can fly virus - a.k.a. - swine flu and pandemic catastrophe]

As part of Thursday's Financial Services subcommittee hearings, Dr. Paul questioned Jim Carr of the National Community Reinvestment Coalition.

http://www.youtube.com/watch?v=EkHj8CXYe9Q

"A financial system that creates wealth" sounds like something straight from the La Rouche PAC. In their what I believe to be a fantasmic utopia self righteousness the so called "American system" says the solution to exploitative government programs is more government programs and unlike their predecessors these new government won't be corrupt. Why do the social democrats/progressives say this? How can we know these new systems will do what has not been done before. "The people/structure that were in power before were bad, we the new rulers," they say, "are only here to serve the poor people, give us and Barabbas/Barack a new try. All these programs would be perfect if it wasn't for the people that were put in charge. Ponerology is a study of evil, Poltical Ponerology by Lobaczewski is very interesting.

Ultimately, as a poor person, I am offended that this Agency Representative feels that I am a part of a class of people that can't think for themselves and needs to be coddled like children.

What about Fiat Currency and Inflationary Policy?

If all of Jim Carr's wealth and property was taken from him he wouldn't be poor because of his intellectual capital and cultural capital are limitless in their ability to create wealth. (His lack of financial ethics may serve him well also.)

What about federally funded education? "It is naive to think federally funded schools will teach about the ills of too much concentration of power." -Future of freedom foundation.

What about fractional reserve banking?

What about artificially set interest rates?

What about legal tender laws?

What about taxes on savings and labor?