Central planning is a core principle of socialism. When prices would rise across society, people would blame it on rapacious businessmen, not realizing that the price rises were actually just the manifestation of Federal Reserve destruction of the value of money. It should be said that zero interest rate and negative interest rate policies are both dangerous. In any case, Janet Yellen and Stanley Fischer have bigger problems to face. The Federal Reserve is the federal entity charged with determining the quantity of money in the American economy. That’s what any socialist system does. Americans were told that the crisis was caused by the failure of America’s free-enterprise system. It's unconstitutional for U.S. senators to count the Jews at the top of the Federal Reserve. He was born and raised in Laredo, Texas, and received his B.A. The Federal Reserve's "socialist" agenda Senator Jim Bunning calls the rescue of Bear-Stearns a repudiation of the invisible hand . Though a public education system and a biased mainstream media are key reasons for this, the stubborn resiliency of socialism is also somewhat fictitious Most Popular: 1. The Federal Reserve is the federal entity charged with determining the quantity of money in the American economy. This is a community for socialists to discuss current events in our world from … But if you take any time to learn how the Fed really works and in whose interest they operate, you'd make yourself sick for a long, long time. Over time, the Fed began expanding the paper money to fund the ever-increasing expenditures for welfare and warfare. State and local governments build and operate port facilities for the the receipt and shipment of goods, airports, highways, roads, canals, bridges, and other facilities used in … Tags: communistfascistFederal Reservesocialist. The Federal Reserve rushes to provide free money and prevent the calamity, but cannot entirely accomplish the task. 310k members in the socialism community. The Federal Reserve System is a central bank named to sound less socialist at a time when socialism was highly controversial. As anyone from Venezuela, Cuba, and North Korea can attest, socialist central planning always produces crises. Federal Reserve | Socialist Alternative ... Federal Reserve LewRockwell.com and from
There was no central bank (i.e., Federal Reserve) to inflate or debase the currency. The crisis was caused by the Federal Reserve, which was a socialist institution. He has advanced freedom and free markets on talk-radio stations all across the country as well as on Fox News’ Neil Cavuto and Greta van Susteren shows and he appeared as a regular commentator on Judge Andrew Napolitano’s show Freedom Watch. Federal Reserve Building on Constitution Avenue in Washington [Credit: AP Photo/J. That’s because people who don’t care about central banking won’t go to the Fed’s Facebook page. And what really matters, is understanding the Federal Reserve could never exist and do what it does in an open democracy, and that its agenda of socializing risks (making taxpayers eat bankers’ losses) and privatizing their profits (letting them keep their bonuses) for the benefit of its club members (the banks) means the Federal Reserve has to transform America to a socialist model in … It plans the monetary affairs of hundreds of millions of people through monetary manipulation. Instant money, after all, is something that provides on-the-spot gratification and pacifies their anxieties about their status in the social order. Along with a system based on no income taxation, no immigration controls, no welfare state, no warfare state, and very few economic regulations, America’s monetary system was a major factor in the tremendous increase in rise of the standard of living of the American people in the 19th and early 20th centuries. The Federal Reserve is the central bank for the United States. Today, the Federal Reserve continues to destroy people’s money through monetary central planning, inflation, and debasement. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Dr. Warren Coates and Peter Schiff, to name but a few. Communism did not get the United States into WWI and WWII. This category only includes cookies that ensures basic functionalities and security features of the website. The economic bubbles and deep recessions were said to be a part of America’s “free-enterprise system.”. Federal Reserve | Socialist Alternative ... Federal Reserve The Federal Reserve is printing money and making it available to financial and commercial industries and the public. The Federal Reserve would now prevent excessive conditions that would lead the country into financial chaos and ultimate ruin as nearly took place during the Panic of 1907. They began contracting the money supply and ended up over-contracting. The Federal Reserve will always ride to the rescue with more fiat money and credit. In order to save the market, the Fed is now adopting a “socialist” approach. Probably because the Federal Reserve is pumping up assets for the haves to the tune of $85 billion, a month. So was the adoption of the federal income tax that same year. For more than 100 years, the official money of the United States was gold coins and silver coins, as established by the Constitution. Full Context. But it was a lie that Americans believed because in their minds, the Federal Reserve had become a part of America’s free-enterprise system. Over the years, events such as the Great Depression in the 1930s and the Great Recessionduring the 2000s have led to the expansion of … You also have the option to opt-out of these cookies. 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