Comments on: Why the Federal Reserve likes Secrecy

By: Ric Weide

Ric Weide — Fri, 15 Jan 2010 23:00:51 +0000

There is so much corruption in D C that even when a right thinking representative is elected to Congress, it isn't long before they are driven into a corner that they eventually start making deals, and then become one of the cronies. If they don't tow the party line, they are discredited and shunned. Then all of the leaders just ignore them. The committee chairs become unavailable and they become irrelevent.
THis is a strong argument for term limits. New blood will bring our country back from the brink.
This was not supposed to be a career. THey were supposed to be "serving the public".

By: B. Johnson

B. Johnson — Thu, 14 Jan 2010 03:22:45 +0000

I have a question about the constitutionality of the Federal Reserve. Note that I’ll gladly reword the question if wording proves too confusing.

Ok, Thomas Jefferson had made it clear that the Founding States had rejected the idea of the federal government having banking powers.

“It is known that the very power now proposed as a means was rejected as an end by the Convention which formed the Constitution. A proposition was made to them to authorize Congress to open canals, and an amendatory one to empower them to incorporate. But the whole was rejected, and one of the reasons for rejection urged in debate was, that then they would have a power to erect a bank, which would render the great cities, where there were prejudices and jealousies on the subject, adverse to the reception of the Constitution.” –Jefferson’s Opinion on the Constitutionality of a National Bank : 1791. http://avalon.law.yale.edu/18th_century/bank-tj.asp

And regardless that the First Bank of the United States established by Congress was private, Jefferson fought against it anyway.

So given that the states ultimately control what’s in the Constitution, why did Justice Marshall seemingly ignore the wishes of the states against such a bank in McCulloch v. Maryland, using the “necessary and proper” clause (Article I, Section 8, Clause 18) against the states? And why didn’t the states “overturn” the Court by amending the Constitution to expressly prohibit Congress from establishing a national bank?

By: russell cole

russell cole — Wed, 13 Jan 2010 21:47:26 +0000

this is right on the mark. the fed might not need to be abolished, but it does need to be democratized. there is an inappropriate relatioship between the fed and wallstreet that needs t0o be monitored by some oversite body.

russ

By: Old Rebel

Old Rebel — Wed, 13 Jan 2010 21:46:43 +0000

The Fed likes secrecy for the same reason counterfeiters do. Oh, wait a minute …

By: Jay

Jay — Wed, 13 Jan 2010 14:39:34 +0000

Ron Paul has run for Pres, low funds made a small impact… and he doesn't have anything for the media to turn into a controversy, being neither a woman or a mixed fellow. The rest of the country needs to wake just like we all do. Talking about issues only helps mental health seekers.

By: William Poole

William Poole — Wed, 13 Jan 2010 10:51:17 +0000

I think Geithner and Bernake should be replaced and the Fed's books opened for inspection. This is money all of us have worked for. This money is not the private playground of a few. We gave money to a French bank and who else?

By: @twitimbo

@twitimbo — Wed, 13 Jan 2010 10:00:36 +0000

This is why we need to fight this on the state level. A federal reserve is not constitutional. It has no right to exist under the constitution and because of that any state can create its on "federal reserve" if it wanted to. This way any state can do it there way and if they mess up then that state suffers the consequences not the entire country.

By: Why the Federal Reserve likes Secrecy

Why the Federal Reserve likes Secrecy — Wed, 13 Jan 2010 07:59:15 +0000

[...] Read More Here If you enjoyed this post, make sure you subscribe to my RSS feed! Posted in Bailouts, Corruption, Federal Powers, Inflation, Regulation | Tags: Accountability, AIG, Bailouts, Banks, Cloward-Piven Strategy, Corruption, Economy, Federal Reserve, Finances, Inflation, Leftist Agenda, Presidential Appointees, Recession, Secrecy, Tim Geithner [...]

By: MichaelBoldin

MichaelBoldin — Wed, 13 Jan 2010 03:09:51 +0000

With or without a "viable" candidate in 2012, I can predict this – after the election, government will continue to grow and your liberty will continue to be taken away.

By: uberVU - social comments

uberVU - social comments — Wed, 13 Jan 2010 01:42:58 +0000

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