addressalign-toparrow-leftarrow-rightbackbellblockcalendarcameraccwcheckchevron-downchevron-leftchevron-rightchevron-small-downchevron-small-leftchevron-small-rightchevron-small-upchevron-upcircle-with-checkcircle-with-crosscircle-with-pluscrossdots-three-verticaleditemptyheartexporteye-with-lineeyefacebookfolderfullheartglobegmailgooglegroupsimageimagesinstagramlinklocation-pinm-swarmSearchmailmessagesminusmoremuplabelShape 3 + Rectangle 1outlookpersonJoin Group on CardStartprice-ribbonImported LayersImported LayersImported Layersshieldstartickettrashtriangle-downtriangle-uptwitteruseryahoo

Occupy Wall St - Free Markets and Wall St are NOT the Problem; End the Fed, Occupy D.C.

From: user 2.
Sent on: Tuesday, October 11, 2011 1:42 AM
As the Wall St. protestors grow in numbers, their message and demands
become increasingly obscure and disconcerted. It seems everyone has their
own answer to our economic woes and are quick to place blame on whatever
institutions or ideologies they feel are responsible. It seems like
everyone seems to be jumping on the bandwagon, from the unemployed, to the
unions, to celebrities like Michael Moore. What is clear, however, is that
many others are now chanting along side people like Michael Moore, a well
known socialist, and are now blaming capitalism and free markets as our
problems and presenting socialism and bigger government as a solution. As
alarming as that sounds, there seems to be more and more people out there
who seem to be singing the same tune. The only problem with their
incriminating arguments against capitalism and free markets is that
they’ve never actually lived in a truly free market, and the very
ideologies they place the blame on are almost the exact same as the
ideologies they are now promoting: An amplified version of socialism, big
government, corporatocracy, dependence, and collectivism. The truth is we
have not had true capitalism or free markets in the United States for at
least 98 years, or since the inception of the Federal Reserve System. It
is impossible to have a free market when there is a private central bank
that controls the money supply by artificially setting interest rates,
operates without any transparency or congressional oversight, and makes
secret deals with Wall Street, foreign central banks, and other
politically-connecte­d insiders. That is the very antithesis of a free
market. In a free market, interest rates and the money supply would just
be determined by supply and demand like anything else. The Fed is actually
quite inefficient in determining true market interest rates and thus
creates massive disequilibrium and imbalances that are felt worldwide.
Bubbles blow up and pop when artificial supply and demand for money is
created by just a few people, leaving the average person to cope with the
pain of the inflation and deflation of their money, assets, and resources.
In addition to this fundamentally flawed credit market, we have a Federal
Government that has gotten so huge and so invasive, anyone still saying we
live in a free market world should be thrown in an insane asylum. We have
never before seen such an expansion of Federal government than we have in
these past few decades. Since 1971, when the Bretton Woods agreement was
revoked, we saw the last remnants of sound money thrown out the window and
an explosion in government indebtedness.


Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy