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The Fed and Mr. Anti-Trust

by Tim Swanson

The bloodhounds of the anti-trust movement should move onto bigger fish, if they truly are principled. The one that I have in mind is the Federal Reserve.

This corporation puts more companies out of business than any other corporation every year. With its loan schemes and artificial interest rates, the Fed can undermine any competition (namely specie) that comes in its way.

It has a huge war chest for advertisement and marketing, in fact they have no need to even spend money on getting people to use their product; they will force it upon you as the "legal" tender for all debts public and private.

They even have several thousand men running around making sure that no one is copying their techniques and procedures. If they catch any competition, they bring in the army and take them out.

      

With integrated systems, like the FDIC, 3rd parties are left helpless and are incapable of producing and competing in this industry. When 3rd parties do arise, the IRS is sent in to level the playing field once more. Just like the Baptists and bootleggers; the Iranians, Columbians and other "counterfeit" regimes are happy with these laws that outlaw competition. Why, because they reap all the benefits with such a small pool of competitors.

Imagine if this industry was opened up for competition. The Parker Brothers (PB) could suddenly finance major corporations by backing their money with gold (or land in France’s case). The PB is responsible to their "public" investors and is audited by 3rd parties. The Fed stock cannot be bought/sold/traded on any stock exchange but is merely passed through inheritance. Also, when was the last time you saw the Fed get audited?

It looks as if the Parker Brothers should be the logical choice to use, if any. However, this link discouraged me from recommending them.

I think each and everyone should start making their own money. You should have the freedom to choose, and you do. With hidden taxes all around, one can never have too much money around.

In his new book, How to Start a Banking Crisis, Paul Volcker, goes in depth to give you the information needed to start your own laundering scheme.

Here is a snippet:

Starting off, I recommend putting your face, or someone you know on one of those greenbacks. You can save these for special occasions, or as a gift. Nothing says "I Love you" better than a personalized Note.

Parents, this is also an excellent exercise on teaching your children the value of money. Not only can you be innovative with your young ones, but you also can increase your net worth.

If you call 1-800-HOT-NOTE, you can also receive the new, "We are too, elastic" video, narrated by Alan Greenspan. In it he will tell you patented tricks of the trade, such as:

  1. How to pull the metal strip out
  2. How to put the metal strip back in
  3. How to stamp ink on cotton
  4. How to create something out of nothing
  5. How to avoid being labeled despotic

And answer questions like:

  1. The Secret Service is after me, what do I do?
  2. Who makes the best scanners
  3. How to get Kinko’s to volume produce orders
  4. How do you get the paper out of the copier, it’s stuck
  5. I’m on the Shah of Iran’s laundering list, how do I get off it?

In all seriousness, if one wishes to be congruent with their beliefs, why not follow through with every decision? Integrity and consistency are ideals that should be sought after. Therefore, the Fed should logically be broken up into a million pieces allowing the market to create and regulate the bartering mechanism.

August 22, 2001

Tim Swanson [send him mail] is a senior at Texas A&M studying history and economics.

Copyright 2001 LewRockwell.com

 
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