Posted 07/27/09 6:04 PM BruceKoerber Cedar Rapids, IA
Tom Woods did not use these words exactly but he used similar words and he unequivocally declared in more than one way that there has been an unConstitutional coup.
The more common this knowledge becomes the more likely that patriotism will no longer be obedience to the economic terrorists but rather a new found desire to understand and implement a classical liberalism society.
Tom Woods posted this on his facebook page this weekend. I watched the whole thing on CSPAN and here are the comments I posted to facebook. Was I too negative?
Tom and Epstein had no trouble with these straw men. They divided up their arguments. Epstein working the political side and Tom pointing out that the FED has basically failed complying with their mandate.
It really wasn't a fair fight. The "pro-FED" team both said the FED made lots of mistakes. The WSJ guy's only argument against killing the FED was that he hadn't seen a plan for the life after the FED. Like he couldn't fathom a free market with money as a good. The guy from the IMF wasn't proud of the FED's performance over the years. He spent the better part of his statement "reading us the news" - what the FED did during the meltdown. And I don't think he liked about half on it. And his advice to Zimbawe - Stop printing money.
Legal tender laws under contractual obligations for payment
is still a touchy situation under law despite what the parties in contract might want. Plus like Mr. Woods suggested, the gov't is going to penalize the party making payment in gold or silver with taxation.
So... No, it's not a level playing field. The gov't is always going to tilt the tables toward its fiat currency.
If there is a audit of the Fed. The Fed will look the Portrait of Dorian Gray.
I found the last comment by John Fund of WSJ about us freedom lovers having a plan B in case we aren't successful in our efforts to bring about a free market banking system intriguing. It seems like this guy is in bed with the people who run this country from the shadows. It seemed like he was trying to stress that we might be able to compromise but not get everything we want, but the way he said it was shady. He really tried to stress the fact that we should have a plan b, indirectly implying that our efforts will fail if we "shoot for the stars" so to speak. But what good does a half ass free market banking system do. Haven't we already seen how much of a failure that is. Plan B should be to further advocate plan A.....only louder!
Posted 07/27/09 8:23 PM Paul Revered New Richmond, OH
John Fund with the Wall Street Journal threw the unicorn in with the chump pump of the FED. If looking through the eyes of Wall Street; replacing the money pump is very scary. Chewing the FED bubble gum and blowing more bubbles is very therapeutic where as the pressurization of the cranium equilibrates the void between the ears. Danger… much blowing may result in a unicorn, of course holding the nose for the hermetical seal.
I seen some of the pro fed arguments and man were they weak, they reminded me of when Bernanke side stepped hard questions at hearings. The IMF guy was the worst of all as he read news from a piece of paper and had barely anything behind his words but data which was never translated to the audience to back pro fed performance. The WSJ guy was very weak because he decided to stand on neutral ground which didn't make sense because he was supposed to be pro-fed, not pro-fence squatter. Both guys sat on the fence about the issue which made them bleed weakness.
I can only chuckle at how much the establishment begs for mercy when you actually pull the burners out, it was as if they were never prepared for the people of the republic to flank the unconstitutional coup! Now as the momentum presses hard in our direction, we must apply an even greater amount of pressure. This could force them to make hasteful and stupid mistakes, such as town hall meetings which we could crash and put ol' Benny boy on the spot to answer our questions. Of course covert dress is required so people aren't hand picked. Keep your ear to the ground for this info.
Nice to see John Fund supporting HR1207, but c'mon. The very productive periods BEFORE the central banks were Unicorns in themselves? Somebody give this guy a History book please.
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