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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (68065)	8/11/2006 10:11:38 AM
From: jim black	Read Replies (1) \| Respond to of 110194

MISH!!! How in hell did you and I ever perceive in each other possible major disagreement? Certainly an error on MY part... You in my view, CORRECTLY STATE THAT INFLATION IS DUE TO INCREASE IN MONEY SUPPLY...HELLO WORLD!! That is the claim of advocates of the Austrian School of economics and it is staggering how few folks seem to understand it. I applaud your call to abolish the Fed. Such is the aim of the Aaron Russo film, America: From Freedom to Fascism, seen by me here in Austin TX nearly 2 weeks ago, one of only 5 cities in the nation to be privy to the film. The film hits hard but in my view in truth it commits the sin (okay, originally sin meant missing the mark!) in calling into question the sacred cow, the IRS. I like everyone else despise the IRS, but I fear going after it is like tilting at windmills. It will come to naught. Only Congressman Ron Paul is in agreement and in his run for president on Libertarian ticket in 1988 we all can see how far he got. He plays well in the film. I have no clue how a move to abolish the Fed will fare but I am not optimistic. The film also exposes the danger of the RFID law to go into effect May 2008, already law, folks, ( someone here told me yesterday that I was probably a child molester if I were against it, not worth a reply). The Fed is the engine of inflation but it is also the tit all elected officials suckle from and I doubt they will in sufficient numbers go along with Ron Paul. After all, all the schmucks in congress vote to spend without limit but they do not directly increase our taxes, but rather comply with increases indirectly through the, to most Americans, invisible tax of inflation. To snuff out the Fed would be to limit what congress could bribe the public with through promises of "so-called free" largesse. So, good call says I, Mish, abolish the Fed, really a private banking cartel. jim black