Categorized | Featured, Opinion, Tea Party


This was just too delicious to resist:

The Telegraph (a UK newspaper) had this article calling for the end of the Federal Reserve.  Yes, Andrew Jackson hasn’t had this much fun since the Second Bank of the United States was abolished on his watch in 1836!  Ambrose Evans-Pritchard has this to say about the professional economists:

However, Dr Athreya’s assertions cannot be allowed to pass. The current generation of economists have led the world into a catastrophic cul de sac. And if they think we are safely on the road to recovery, they still fail to understand what they did.

Central banks were the ultimate authors of the credit crisis since it is they who set the price of credit too low, throwing the whole incentive structure of the capitalist system out of kilter, and more or less forcing banks to chase yield and engage in destructive behaviour.

Other than the British accent, it is pretty much like Dr. Paul puts it, isn’t it?  See this from Paul’s speech in Congress on September 10, 2002:

Mr. Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. I also ask unanimous consent to insert the attached article by Lew Rockwell, president of the Ludwig Von Mises Institute, which explains the benefits of abolishing the Fed and restoring the gold standard, into the record.

Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.

Who is this guy Ambrose Evans-Pritchard?  Try a editor and reporter for over 25 years.  He was the Telegraph’s Washington correspondent.  I think he knows what he is talking about.

Unlike perhaps the writer for the Telegraph, most of my readers know Congressman John Boehner.  Here’s what he told the editors in Pittsburgh about Social Security:

“We’re all living a lot longer than anyone ever expected,” Boehner said in a meeting with the editors of the Pittsburgh Tribune-Review. “And I think that raising the retirement age — going out 20 years, so you’re not affecting anyone close to retirement — and eventually getting the retirement age to 70 is a step that needs to be taken.”

Why do that?  Well, to pay for Afghanistan, says the Washington Post.  Here’s the USA Today version.

House Minority Leader John Boehner, R-Ohio, told the Pittsburgh Tribune-Review today that he would support raising the Social Security retirement age to 70 to help pay for the war in Afghanistan.

And the Boston Herald:

Ensuring there’s enough money to pay for the war will require reforming the country’s entitlement system, Boehner said.

I can’t make this stuff up even if I wanted to!  Here’s the video from the Pittsburgh newspapers.  Why can’t the general fund pay for these wars?  Because the US is broke:

He also said automatic benefit increases should be linked to the Consumer Price Index, not wage inflation, which tends to be higher, and that benefits should be means-tested. “If you have substantial non-Social Security income while you’re retired, why are we paying you at a time when we’re broke?” he said.

I hate to say I told you so but I think this was said by the guy some of my fellow conservatives made fun of, laughed at and booed:  Congressman Ron Paul.  He said declare war first.  HAH!  Paul said abolish Social Security and get the young people out (while protecting seniors)!  LOL!  Ron Paul said stay out of needless foreign wars.  ISOLATIONIST!  And the nation is broke and the Fed should be abolished!   LOL HAH!!   The GOP rejected Paul and went to defeat.  It took less than a year of Obama/Pelosi/Reid misrule for the people to start to wake up.  (I must say that we must not place too much trust in any person; Jesus is the only one who can truly save America)  Thankfully the nation is waking up.  We need that Tea Party/Ron Paul political alliance to come to power in America.  Keep working hard out there, activists; Dr. Paul’s ideas are, like Emile Zola’s, on the march and nothing shall stop it!

Other than the British accent, it is pretty much like Dr. Paul puts it, isn’t it?  See this from Paul’s speech of September 10, 2002:

About Elwood Sanders

Elwood "Sandy" Sanders is a Hanover attorney who is an Appellate Procedure Consultant for Lantagne Legal Printing and has written ten scholarly legal articles. Sandy was also Virginia's first Appellate Defender and also helped bring curling in VA! (None of these titles imply any endorsement of Sanders’ views)


  1. Deefburger says:

    Fractional Reserve Banking, Central Banking, Curency Monopoly and government collusion with said systems have been THE reason for failure in every case throughout history. Why is this a surprise?

    The Founding Father’s great experiment was a complete departure from this historical trend, as well as a clear definition in the currency act of 1792 of what constitutes “money” in the United States, defining the “Dollar” as a specific weight of silver and setting the punnishment for debasement as death. Debasement was considered as heinous a crime as treason. The Congressional reporting office sites this law when asked what a dollar is.

    In addition to this, the Fed note is legally a promissory note, and is not valid for the payment of taxes!

    The IRS was formed at the same time as the Fed as a “separate” entity for collections, even though the Fed itself has direct access to the funds….They needed to maintain “trust” with the population or noone would tolerate them.

    Now that trust is lost anyway, and the full value of their so called “money” is becoming apparent, zero.

  2. Bill Riley says:

    The electorate is so addicted to the Free Lunch Program that they will never give it up, unless there is a collapse. The millions of government employees, voting Democrat, will never give up their cushy jobs where all they have to do is ride the chair to retirement, and argue for bigger budgets.
    Hyperinflation here we come.


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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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