Fraud of Central Banking Is 'Price Fixing'

Blame the Fed for the Financial Crisis ... The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control. To know what is wrong with the Federal Reserve, one must first understand the nature of money. Money is like any other good in our economy that emerges from the market to satisfy the needs and wants of consumers. Its particular usefulness is that it helps facilitate indirect exchange, making it easier for us to buy and sell goods because there is a common way of measuring their value. Money is not a government phenomenon, and it need not and should not be managed by government. When central banks like the Fed manage money they are engaging in price fixing, which leads not to prosperity but to disaster. The Federal Reserve has caused every single boom and bust that has occurred in this country since the bank's creation in 1913

– Congressman Ron Paul/ Wall Street Journal

Dominant Social Theme: The problem is the corporations ... the money ... the manipulations ... Wall Street greed ... Goldman Sachs ... Obama ... Bush ... the wars ... the corrupt peace ... the tax system ... the pollution ... the global warming ... the lack of potable water ... starvation ...

Free-Market Analysis: Congressman Ron Paul, the beautiful light of a new century, has written a wonderful article in the Wall Street Journal making the powerful point that central banks FIX the price of money. Perhaps we like the article so much because this is the analogy that we regularly use.

Editor's Note: In this article, we return to our theme that central banking is the MAIN problem that needs to be addressed in the modern world. Elsewhere in today's roster of posted stories from DB, a viewer may find a convincing article from the esteemed Lew Rockwell on how the state itself is the number one problem. Theoretically, this is perhaps true. (Who are we to argue with such a wise one?) Nonetheless, from our perspective the fastest way to disassemble an authoritarian state may be to deprive it of its funding. One could even make the argument that the push toward world government would never have come as far as it has were the state itself to rely on past (much blunter and more obvious) tools of enrichment such as conquest and rapine. The mechanism of Modern Power is the prime tool in the arsenal of the world conquering elite; it ought to be brought out into the open where the full gamut of its damage can be explored, assessed and hopefully counteracted.

Central banks, and especially the Fed, are run by good, gray men who determine the value and the price of money. They do it every minute of every hour of every day. There's only one problem ... price fixing doesn't work. Never. Ever.

Congressman Ron Paul has done a great service by advancing this SIMPLE point on the national stage. Those responsible for central banking will in turn explain all the "good" things the Fed does. In fact, central banking is a weapon aimed by the Anglosphere power elite at the West's (and the world's) middle classes. There is no excuse for them. They ought to be abolished as quickly as possible. Here is more from Dr. Paul's article:

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