Posts Tagged ‘USPS’

Alex Jones posted a video on February 7, 2014, entitled “Alex Jones: A Real Banking Solution”

In it, he endorses state banking (at 4:00).

However, he muddles his message, as he first starts talking about the completely unrelated matter of Bill Clinton and Elizabeth Hurley, then says he’s against the U.S. Postal Service getting into predatory banking, then says he’d support a federal bank to issue low-interest loans but says it couldn’t be trusted, then endorses state banking, then warns against Bitcoin.

He may not have intended it this way, but it certainly does come off as a muddled message, leaving some people shaking their heads as to what real monetary reform looks like. For more on that, see my articles and those of Anthony Migchels, and for a clear presentation of state banking, see Ellen Brown and the Public Banking Institute.

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The Marriner S. Eccles Federal Reserve Board B...

Unlike fellow Mises devotee, Thomas DiLorenzo, who keeps calling the Fed a “national bank” and “government bank,” to obscure the fact that it’s 100% privately owned and operates at a profit for its shareholders, Gary North admitted on March 9, 2011, that the Fed “operates for the benefit of the largest banks.

Instead of calling it a “government bank,” he correctly identifies it as a “government-created cartel of the banks.”┬áCartels are otherwise illegal, unless they’re government-sanctioned.

Unlike DiLorenzo, who prefers to focus on its limited and exaggerated governmental aspect, North continues to hammer away at the private nature of the Fed, with: “It was deliberately designed in 1910 to deceive the public, who were opposed to the idea of a central bank.

I will add to that, a private central bank, as North goes on to mention that Congress killed two previous private central banks that were a detriment to the American people.

In outlining his plan for abolishing the Fed, he talks about the United States Postal Service. It is an interesting comparison, since the creation of one (the Post Office) is one of Congress’ constitutionally enumerated powers, while the other (the Fed), isn’t.

Previously, I have taken North to task about some of his past statements, but on these ones, I am in full agreement. It is therefore important to judge all statements based on their merits, and not on the person making them.

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When someone sent me a link, claiming it was the website of the Federal Reserve, my reaction was one of laughter. It had a .gov domain. But .gov domains are for federal government institutions, and the Federal Reserve is a private bank that, in terms of ownership, is no more federal than Federal Express!

To add to the smokescreen, the United States Postal Service, clearly a federal government institution, has a .com domain.

This, despite the U.S. Constitution explicitly delegating the sole powers to “establish Post Offices” and “To coin Money” to Congress, a branch of the federal government. In a constitutional and sensible world, it would be the Federal Reserve with a .com domain and the USPS with a .gov domain.

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