AIG Bonus Bogus – Get to the core of the problem and Vote for Ron Paul’s HR 1207 “Audit the Federal Reserve”
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“The $165 million scheduled to be paid in AIG bonuses amounts to approximately 0.00002 of the total amount the government has dispensed in its recent commitments for loans, capital infusions, “stimulus” spending, loan guarantees, asset swaps, and other utter (and utterly destructive) wastes.”
When I read Robert Higgs article on LewRockwell.com my jaw just about hit the floor. All I’ve heard about in the mass media for the past 3 weeks is “AIG did this” and “AIG executives that” – yet, in the grand scheme of things, that little escapade is only
0.00002 of the total problem?
SOMEBODY PLEASE TELL ME WHAT THE HELL IS GOING ON AROUND HERE?!
I don’t understand how the USA Government, supposedly the most competent and industrious in the world, has allowed us to get into this economic situation? Maybe it’s because the Federal Reserve is a private banking institution? Maybe it’s because our economy is based on “Credit” as Barack Obama suggested rather than “Savings” as Peter Schiff suggests? Maybe it’s because we have such a corrupt monetary system that Woodrow Wilson considered himself a “most unhappy man”?
Here is a perfect description of the Federal Reserve System given by Woodrow Wilson himself:
“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men, who, even if their actions be honest and intended for the public interest. are necessarily concentrated upon the great undertakings in which their own money is involved and who, necessarily, by every reason of their own limitations chill and check and destroy genuine economic freedom.” -Woodrow Wilson, June 16 1911, Thin Ice, The New York Times.
As a freedom and liberty loving American, I find it absolutely critical that Americans gather a stronger educational base on our monetary system and “how things really work” – if we continue to allow the private Federal Reserve banking institution to control our money supply, we’re going to have booms and busts forever.
Forget about AIG. That’s only a small fragment of the problem. Yes, it’s great headlines. Yes, it’s easy sleazy news. No, it does not hit the CORE of the problem.
Ron Paul and his piece of legislation, HR 1207 “Audit the Federal Reserve”, will help Americans get back to where we need to be – FREE and PROSPEROUS.
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