Guest guest Posted January 9, 2008 Report Share Posted January 9, 2008 You can click on the link to get the internal links or just see the copy-and-pasted text below. If you want to read the full article instead of just the relevant section, you can click on the second link. http://www.cholesterol-and-health.com/Ron--Health-Freedom.html#dollar http://www.cholesterol-and-health.com/Ron--Health-Freedom.html One of the gravest threats to our ability to use alternative medicine and eat farm-fresh and pasture-raised foods is one that rarely receives attention: the inflationary policy of the Federal Reserve and the Federal Reserve itself. The Federal Reserve is a private consortium of international bankers that controls our currency. At one time, dollars were redeemable for gold, which guaranteed that the dollar had an inherent value. But the Federal Reserve now has the authority to print money out of thin air: the more money it prints, the more prices go up and the value of the dollar declines. Essentially, it works like this: -- When the government spends more money than it can take in through taxes, it borrows money by issuing bonds. These bonds circulate on the market and are primarily held by banks and investors. -- When US investors on the open market are not purchasing enough bonds to finance the government's spending, two things can happen: we can sell these bonds to the central banks of foreign countries such as China or the Fed can print money out of thin air and purchase them. -- The Fed is privately owned, highly secretive, and has no responsibility to take orders from Congress or the president about when to print new money or how much to print. -- When the Fed prints money, it injects that money into either the government or its favorite industries. It does this buy purchasing newly issued treasury bonds from the government or by purchasing existing tresury bonds from the investors of its choice. -- It can also inject money into the banking industry by lowering the discount rate or the reserve requirement. When it lowers the discount rate, privileged banks borrow more money at a lower rate, and then lend it out into circulation. The reserve requirement is the proportion of money a bank has lent that it must actually possess. Lowering the reserve requirement allows banks to lend out more money that *does not exist.* This constitutes a transfer of wealth from ordinary citizens into the hands of the government, the banking industry, and the private industries that the Federal Reserve chooses to favor. Why? Simple: when the money supply increases, the value of the dollar declines and prices go up -- but not right away. This effect occurs slowly over a number of months and years. Whoever gets to use the money first gets to spend it before its value declines. But by the time it makes its way into the pockets of ordinary people, its value has already declined. The harmful effect of a devaluing dollar can be seen most readily in the price of oil and gas. Many people who commute or heat their homes with oil on a limited income are feeling the pain of these prices right now. In a January 4 article in the Wall Street Journal entitled " Oil and the Dollar, " the authors supplied a graph showing that since the year 2000, oil prices have gone up 350% in dollars, 200% in Euros, and zero percent in gold. " This means that if the dollar had remained 'as good as gold' since 2001, " the authors wrote, " oil today would be selling at about $30 a barrel, not $99. " Ron cited this article in the January 5 ABC debate, but no one else is paying any attention. What effect does this have on health freedom? Let's consider a few things: The government subsidizes grains like corn so that they are sold at half or two-thirds the cost of production, but never subsidizes grass management or grass-fed beef. Government subsidies can always keep up with inflation because the government can just increase the subsidy and pay for it by selling tresury bonds or raising taxes, but the grass-based farmer has no bonds to sell. Either the farmer goes out of business, or the price of real food goes up faster then the price of supermarket food. Pharmaceutical drugs are paid for either by the government or by private health insurance companies -- who themselves are propped up by government regulations. Health insurance companies are likely to have major financial ties to the banking industry and other private industries into which the Fed injects money. Moreover, their insurance policies are generally provided by large employers and workers have little choice in the matter. But producers of nutritional supplements or practitioners of naturopathy and acupuncture rarely have such protection, and are almost always paid for out of pocket by the consumer -- whose dollar continues to decline in value. If we want to build an alternative to the corporate scheme of things, buying farm-fresh local foods, using foods and nutrients as medicine, pursuing practitioners that may not be part of the medical monopoly, we can only do this with a sound currency. The Fed's inflationary monetary policy constitutes a direct robbery of wealth from ordinary citizens and into the hands of the government and the very corporations we are trying to escape. I highly recommend watching the video, Money, Banking and the Federal Reserve, on the history of how this system came into place. Ron makes several appearances in the video. Ron has spent his time in Congress on the monetary committees, defending our dollar from this corporate robbery. He would restore the control of our currency to Congress, back it with hard value (as required by the constitution), and abolish the Federal Reserve. If we want freedom from the cholesterol-bashing, drug-promoting, milk-destroying, grain-feeding Government-Disease Care Industrial Complex, we need to vote Ron in as the Republican nominee and as the next president of the United States. Quote Link to comment Share on other sites More sharing options...
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