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View Full Version : Gary North STRIKES Again



JaylieWoW
06-20-2007, 07:17 AM
This is possibly the easiest to follow article I've ever read by Gary North (not of course that I've read everything he's written).

My reason for stating thus is because it contains the first very clear example of why the FED is such a bad thing. The "bucket" example at the auction hall is the very best I've ever seen to present to others so they too can understand why the FED has done a very bad job of controlling inflation and further how this keeps poor people in the poor house. I encourage you to pass it along to anyone you know who does not understand basic economics (like myself, I'm in training :D ).

Why Most Voters Accept Inflation by Gary North (http://www.lewrockwell.com/north/north539.html)
beermotor
06-20-2007, 07:26 AM
Gary North is a great speaker in person, too, very funny. He has this ... I dunno ... like he is a very Christian guy, but it doesn't bother me at all. He's not obnoxious about it. He has this sort of attitude of like "WTF is wrong with you idiots" all the time. It's pretty amusing.
goldenequity
06-20-2007, 07:29 AM
Why
does Ron Paul want to repeal (http://www.govtrack.us/congress/bill.xpd?bill=h110-2755)


the Federal Reserve Act and abolish the Federal Reserve system?

The Money Masters (http://ronpaulaudio.com/rpaudio/TheMoneyMasters.wvx)

Watching this film is like taking a College level course in World Economics and American Civics!
austinphish
06-20-2007, 07:46 AM
errr... That isn't the most logical reasoning I have ever heard. I was hoping I could pass this on to some friends, but their are too many holes.
AgentSmith
06-20-2007, 08:48 AM
Good article but I'm curious - is he the same Gary North that was freaked out about Y2K?
Action Patriot
06-20-2007, 09:02 AM
errr... That isn't the most logical reasoning I have ever heard. I was hoping I could pass this on to some friends, but their are too many holes.

Basically the Federal Reserve is a private company that makes our money, we borrow it from them plus interest and the debt is repaid with our Income Tax. Congress has the authority to strip the Fed Res from making our money, and begin doing it themselves as our founders intended. With no debt from the Fed Res, this then eliminates the Income Tax. Plus the IRS, Fed Res Bank and Income Tax are unlawful under the Constitution.

Watch Aaron Russo's documentary, Freedom To Fascim (http://video.google.com/videoplay?docid=-1656880303867390173&q=freedom+to+fascism&total=839&start=0&num=10&so=0&type=search&plindex=0), www.freedomtofascism.com.
jj111
06-20-2007, 09:16 AM
I don't think that that article was the most
1) Interesting
2) Informative
3) Instructive
4) Easy to use

discussion about why Dr. Ron Paul opposes the Federal Reserve.

I would not forward that article to people who do not know much about the Federal Reserve.

I would instead forward them one of these:

FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution (1 hr. 25 min.)
<a href="http://video.google.com/videoplay?docid=5232639329002339531&q=fiat+currency" target="_blank">Link Here</a>
http://video.google.com/videoplay?docid=5232639329002339531&q=fiat+currency

Monopoly Men (Federal Reserve Fraud) (1999) (1 hr.)
http://video.google.com/videosearch?q=monopoly+man&hl=en

The Money Masters - Part 1 of 2 (90 min.)
http://video.google.com/videoplay?docid=-8753934454816686947&q=money+masters&hl=en

The Money Masters - Part 2 of 2 (90 min.)
http://video.google.com/videoplay?docid=-2665915773877500927&q=money+masters&hl=en

America From Freedom to Fascism (1 hr. 49 min.)

http://video.google.com/videoplay?docid=449294564876413449&q=capitalist+conspiracy&hl=en
AZJV
06-20-2007, 10:58 AM
I don't think that that article was the most
1) Interesting
2) Informative
3) Instructive
4) Easy to use

discussion about why Dr. Ron Paul opposes the Federal Reserve.

I would not forward that article to people who do not know much about the Federal Reserve.

I would instead forward them one of these:

FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution (1 hr. 25 min.)
<a href="http://video.google.com/videoplay?docid=5232639329002339531&q=fiat+currency" target="_blank">Link Here</a>
http://video.google.com/videoplay?docid=5232639329002339531&q=fiat+currency

Monopoly Men (Federal Reserve Fraud) (1999) (1 hr.)
http://video.google.com/videosearch?q=monopoly+man&hl=en

The Money Masters - Part 1 of 2 (90 min.)
http://video.google.com/videoplay?docid=-8753934454816686947&q=money+masters&hl=en

The Money Masters - Part 2 of 2 (90 min.)
http://video.google.com/videoplay?docid=-2665915773877500927&q=money+masters&hl=en

America From Freedom to Fascism (1 hr. 49 min.)

http://video.google.com/videoplay?docid=449294564876413449&q=capitalist+conspiracy&hl=en

You will also want to watch "Money as Debt". It is a great tutorial with wonderful illustrations on the fed banking system. It's only around 50 minutes long. I highly recommend it.

http://video.google.com/videoplay?docid=-9050474362583451279&q=genre%3Aeducational&total=181525&start=90&num=30&so=0&type=search&plindex=7
Gee
06-20-2007, 04:05 PM
The Fed, along with most central banks, shoots for a low inflation rate. I remember Friedman talking about how this practice started in Australia (I think), where they just shot for an inflation rate of 2%, +/- .5%. Anything beyond that, and the bankers could be fined. Friedman was of the opinion that the Fed board of directors could basically be replaced by a computer (reasoning that any system dependent upon having the right people in charge wasn't a very good system at all), and all ability for the government to print money for its own uses should be abolished.

So this notion that the Fed is trying to shoot for 0% inflation - even if Congress would stop spending long enough to let them - is fallacy. Most people believe a slightly inflationary currency is better than possible deflation, so they shoot for a low rate.
Shmuel Spade
06-20-2007, 04:08 PM
Good article but I'm curious - is he the same Gary North that was freaked out about Y2K?

Yes.
LibertyEagle
06-20-2007, 05:09 PM
Here's a video on the Federal Reserve from the Ludwig von Mises Institute. No one can legitimately call them a whacko organization. :)

http://tinyurl.com/35tak7
Erazmus
06-20-2007, 05:49 PM
Here's a video on the Federal Reserve from the Ludwig von Mises Institute. No one can legitimately call them a whacko organization. :)

http://tinyurl.com/35tak7

That link doesn't work for me. :confused:
beermotor
06-20-2007, 05:54 PM
Good article but I'm curious - is he the same Gary North that was freaked out about Y2K?

Haha ... yep! Bah, he's human.
Shmuel Spade
06-20-2007, 11:40 PM
That link doesn't work for me. :confused:

Try some of these:

http://www.youtube.com/watch?v=iYZM58dulPE

http://video.google.com/videosearch?um=1&tab=wv&client=safari&ie=UTF-8&oe=UTF-8&rls=en&q=Money%2C%20Banking%2C%20and%20the%20Federal%20Re serve