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peaceandlove · 12-01-2008, 07:05 PM

Texas Straight Talk ~ A Weekly Column

Congressman Ron Paul
New Every Monday at http://www.house.gov/paul
or phone 1-888-322-1414 for recorded message.

December 1, 2008 "The Neo-Alchemy of the Federal Reserve"

Excerpt:

Our central bankers have had a tremendous amount of hubris over the years, believing that they could actually manage a paper money system in such a way as to replicate the behavior and benefits of a gold standard. In fact, back in 2004 then Fed Chairman Alan Greenspan told me as much. People talk about toxic assets, but the real toxicity in our economy comes from the neo-alchemy practiced by the Federal Reserve System. Just as alchemists of the past frequently poisoned themselves with the lead or mercury they were trying to turn to gold, today’s bankers are poisoning the economy with accelerated fiat money creation.

Full article here:
http://www.house.gov/htbin/blog_inc?...ngdetail.shtml

12-01-2008, 07:05 PM	#19
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Ron paul 10/20/2008 "New Era of Slavery" Texas Straight Talk ~ A Weekly Column Congressman Ron Paul New Every Monday at http://www.house.gov/paul or phone 1-888-322-1414 for recorded message. December 1, 2008 "The Neo-Alchemy of the Federal Reserve" Excerpt: Our central bankers have had a tremendous amount of hubris over the years, believing that they could actually manage a paper money system in such a way as to replicate the behavior and benefits of a gold standard. In fact, back in 2004 then Fed Chairman Alan Greenspan told me as much. People talk about toxic assets, but the real toxicity in our economy comes from the neo-alchemy practiced by the Federal Reserve System. Just as alchemists of the past frequently poisoned themselves with the lead or mercury they were trying to turn to gold, today’s bankers are poisoning the economy with accelerated fiat money creation. Full article here: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml Last edited by peaceandlove; 01-20-2009 at 12:40 AM.