Why do we let foreign and domestic financial experts tell us how the US economy should be managed?
According to Article I Section 8 of the US Constitution the Congress is responsible for "To coin money, regulate the Value thereof, and of foreign coin, and fix the Standards of Weights and Measures;" and further "To provide for the Punishment of counterfeiting the Securities and current coin of the United States;"
Shouldn’t the Congress be really looking out for you the American citizen, that is paying taxes? Are we now a government that pays taxes without representation that our fore fathers fought against with King George?
With the passage of the recent bailout package, are we not allowing the government to get involved in the private running of businesses?
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Congress subcontracted it’s responsibilities of currency and fiscal policy to the Federal Reserve in the early 20th century, and left the gold standard in the early seventies to allow inflation to happen. The Federal Reserve is in fact, a pivate business itself. Yes, we are taking a giant step down Fascist Lane on this one. Keep in mind, socialism calls for the national ownership of a company to distribute products in an "equitable" fashion, not to actually turn a profit: i.e., AmTrak under Jimmy Carter. In a fascist system, usually accompanied by an unnatural sense of Nationalism, the government takes partial control of business and essential industry with an eye for maintaining constant supply, usually for military industrial reasons, i.e., Nazi Germany, yet encourages profit.
Our Government is too busy bailing out banks ( CEO’s) instead of the little people.
Because the American people, most of whom are victims of the public schools, have no understanding of basic economics. Because of this, they are easy prey for the charlatans who continue to swindle them.
How many Americans understand what money is? What gold backing means? What inflation is, and who causes it? Obviously, not very many.
People’s commons sense ought to tip them off to the fact that it is conspiracy that has caused these problems, not "mistakes". How could the "experts" continue to make all these mistakes?
I can see that you have done your homework, but most Americans haven’t. They think the Constitution is just a ship in Boston Harbor.