The Federal Reserve and Doomsday for the Greenback

04/11/2007

In today's Information Clearing House newsletter are two articles of critical importance.

Ron Paul is a member of congress from Texas. He is one of the few Republicans for whom I have any respect. His article speaks directly about the Federal Reserve and the use of fiat money. If you haven't heard of fiat money, it is what is used to generate all those borrowed dollars for both public and consumer debt. Read his article here: The Federal Reserve Monopoly Over Money http://www.informationclearinghouse.info/article17510.htm

Mike Whitney has written many articles about the economy. His longer article will link all the pieces together and show the connections between the Federal Reserve, public debt, trade imbalances, consumer spending/borrowing, the housing market, the stock market, the price of gold, and the war in Iraq. His article is at: Doomsday for the Greenback http://www.informationclearinghouse.info/article17512.htm

I submit these articles because the implications are too profound to not know about them or to ignore. Of course we still need to elect good people to public office, stop the war in Iraq, prevent going to war with Iran, get universal health care, protect the environment, fund schools and transportation, etc. But I think we also need to be ready to deal with things when the bottom falls out from under the dollar and the economy. We ARE facing a major depression. When that happens we need strong leadership in our local communities to support and protect each other and make sure basic needs can be met so no one starves, goes homeless, or dies from lack of medical care. On the upside, I view it as the ultimate "farm team" program.

Margie A. Hoyt
Watonwan Co. A/C
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