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A Transfer of Wealth from the Poor to the Wealthy
October 9th, 2007. MSNBC's Chris Matthews moderated the Republican Presidential Debate focusing on economic issues.
Dec 1, 2007 1:08 AM
Re: A Transfer of Wealth from the Poor to the Wealthy
Wow. I'm not a Republican, but that was brilliant.
Ron Paul is the only thinker up there who's not a white-haired spokesmodel for multinational corporations.
The Fed is a *private business* owned not by the US people but by private investors who use our US money supply to build a profit for themselves and their stakeholders.
Hence the recent loose money supply which allowed many Americans to buy a house and then use their home equity to spend, spend, spend to keep a poor economy afloat. Ah, but it can't last forever...
This tragic practice which is now causing the banks to foreclose was foreseen and planned. And it was allowed to ensure that the economy stayed as strong as possible for Team Bush. But now we see the Fed tightening the supply and destroying the economy just in time for the next administration.
We need to call our Reps/Senators and demand that the US monetary system be removed from a private, for-profit organization like the Fed and returned to We the People.
Ron Paul is the only thinker up there who's not a white-haired spokesmodel for multinational corporations.
The Fed is a *private business* owned not by the US people but by private investors who use our US money supply to build a profit for themselves and their stakeholders.
Hence the recent loose money supply which allowed many Americans to buy a house and then use their home equity to spend, spend, spend to keep a poor economy afloat. Ah, but it can't last forever...
This tragic practice which is now causing the banks to foreclose was foreseen and planned. And it was allowed to ensure that the economy stayed as strong as possible for Team Bush. But now we see the Fed tightening the supply and destroying the economy just in time for the next administration.
We need to call our Reps/Senators and demand that the US monetary system be removed from a private, for-profit organization like the Fed and returned to We the People.
By: buckinghamgreen
