Bernankster Returns to the Classroom
According to CNN Money, the Bernankster returned to indoctrinating the youth this week, defending the Fed and fiat money against its most outspoken political critic, Ron Paul. Of course, CNN had to throw Paul’s name into the mix so as to associate him in the public’s mind with an antagonistic trouble maker. During the lecture, which focused on the history of the Fed and Benny’s expertise on the Great Depression, four slides discussing the “problems of the gold standard” were shown, presumably to hush up those individuals who were daring towards free thought and thus the ostracizing that comes along with being considered a terrorist, as our government increasingly intends to do in regards to those free thinking individuals.
For years, Ron Paul has been annoying pundits and elitists by bringing a populist message about honest money to the floor of Congress and to the people on the streets. He has, at times, argued vehemently for an abolishing of the Federal Reserve and a return to a system where U.S. Dollar can be redeemed for gold, argues CNN, conveniently forgetting to mention the devil’s metal, silver, in the article, of which Paul is also an advocate.
In 1933 all gold and silver was nationalized under Comrade Roosevelt during a time of swelling bureaucracy and welfare, leading to a post-war reorientation of the American tax system in which US citizens would be sufficiently brainwashed enough to pay their income taxes—something they did not often do until the 1950s since the Federal Reserve and the income tax was forced upon the country on the eve of the First World War. In 1971 the fixed exchange rate was aborted under Nixon.
Bernankster defended that dictation Tuesday, arguing the gold standard creates an “awful big waste of resources” as if the fiat folly in which we all toil, with its vast wars and huge favors for wasteful business like keystone oil, finance, munitions, agriculture, pharmaceuticals and other industries, hasn’t polluted the world to such a degree that lifespans are plummeting as are fertility rates.
“To have a gold standard, you have to go to South Africa or someplace and dig up tons of gold and move it to New York and put it in the basement of the Federal Reserve Bank of New York and that’s a lot of effort and work,” he said, presumably daydreaming of his CTR+P ways.
About returning to the gold standard Bernankster said, “I understand the impulse (towards a gold standard), but I think if you look at actual history, you’ll see that the gold standard didn’t work that well and it worked particularly poorly after World War I,” he added. “There’s a good bit of evidence that the gold standard was one of the main reasons that the Depression was so deep and long.”
Of course, the focus of this argument, in Vigilante’s eyes, is quite off-base. Instead of arguing about a gold standard or a fiat standard, let’s tackle the true problems having an effect on our economic system at current. These problems are a lack of independence and individuality and therefore a lack of diversity and creativity. We have been hallowed by the one-track-way-of-the-world using the dope known as Federal Reserve Notes. No individual has the option to use any other means of exchange and that therein is the exact problem we face. I am a sovereign individual. I can, for myself, choose what sort of means of exchange I offer in everyday life.
Bernanke can continue spinning the web elitists beholden to royal families and illuminist bankers began spinning long ago, but, the truth of the matter is as follows: the manipulation has been executed at stupefying speeds, and it has caused millions of people to ask pertinent questions about the world in which they live. This is bearish for the command-and-control global neo-soviet economy and it is bearish for the Federal Reserve. For, with communication at the speed of light, information spreads as wildfire in Santa Ana winds.