Monday, April 30, 2012

End the Fed....and guarantee banking hegemony.

Ron Paul's answer to our economic problems of ending the Federal Reserve would mean that the banks themselves, unregulated by the federal government, would be the ones setting the monetary policy of the United States. It's all well and good to want less of the federal government in your life, but what folks don't realize is that before the Fed existed economic policy was made by the virtual dictatorship of banking houses like J.P. Morgan, who had absolutely no public accountability. If you end the Fed, the very people who the Occupy movement objects to will take over. A better solution is to completely nationalize the Federal Reserve banks and create a national banking system instead of maintaining the  public-private partnership that currently exists .

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