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Tuesday, November 15, 2011

A Federal Reserve Rant that won't fit on a notepad

I did an occupy-style notepad rant recently as an example for our notepad rant contest announced yesterday, but after reading this article, it was time to put down the sharpie and start typing. This rant will not fit on a notepad:

The title of the article mentioned above is “Bernanke Says That Any Criticism Of The Federal Reserve Is Based On ‘Misconceptions.’” Oh really? So the Federal Reserve is absolutely perfect then? There is not a single thing wrong with it or how it’s run? Every act of the Federal Reserve during its century-long history has been a 100% success without blemish or flaw, and anybody who says otherwise just doesn’t understand?? It is precisely this mentality, and the public’s general acceptance of it, that has allowed the Federal Reserve and a complicit government in Washington to continue to perpetrate the central banking fraud against the American people.

It is the mentality that economics is some sort of esoteric discipline shrouded in the aura of an untouchable scientific expertise. Its arcane wisdom is the purview of a privileged (and of course, well-credentialed) few who understand what the rest of us cannot. Men like Ben Bernanke, Tim Geithner, and Paul Krugman are modern oracles, unquestionable and irrefutable. They understand and we do not. If we disagree with them, that just shows that we just don’t understand. Never mind trying to help us understand. Never mind explaining, with plain reason, just how the policies of the Federal Reserve are economically beneficial to us (much less how its policies are not morally dubious). “Just trust us. We’re really smart guys. We have economics degrees.”

Read the rest of my rant at The Silver Underground.

Wes Messamore,
Editor in Chief, THL
Articles | Author's Page

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