Via Zerohedge, a suit has been filed in the US district court for western North Carolina by a group of citizens alleging that the Federal Reserve is an unconstitutional cartel and Ponzi scheme. Also named as defendants are several large banks and their CEOs, Geithner, Bernanke, Hank Paulson, Greenspan, John Snow, Shiela Bair and several other hacks and oligarchs.
The suit enumerates various “evils” committed over the last 97 years, but reaches way too far and dilutes the case by stringing together an overarching theory of a grand plot against the American way. Since it doesn’t stick to clear-cut issues of constitutionality such as the legal tender laws it is unlikely to get traction, but there can’t be a better place for it than in Western NC.
I take it as a sign of the times. It’s heartening to see people channel their anger about the economy into the study of banking history and take action that will at least open some more eyes.
The production here is a little cheesy, but the principles expressed make for a refreshing contrast to that creepy video of Hollywood airheads for Obama.
If it weren’t for the internet, this whole constitution movement would never have formed. The demographics in the US are unsupportive of it, to say the least, but it is a very healthy thing. The entirety of the landmass south of Canada and north of Mexico won’t always be ruled by the gang of thieves in DC, and these principles can be put to use on a smaller scale or in another place and time altogether.
Despite the sentiments of its current rulers and the booboisie, I don’t know of any other place that has such a well-defined culture of liberty as the US. Certainly not the UK anymore, nor anywhere else in the Commonwealth. Europe never really had one, aside from Switzerland, nor did Asia. The US carries the flame — its constitution may now be ignored, but it does serve as a rallying point and touchstone.
How many people are there, like that girl, who don’t trust the facts as presented by the big news companies? There is such a divide now between those who are thinking for themselves and those, however intelligent they may be, who think within the sphere of discourse as acceptable in the newspapers. There is the BS in USA Today and the BS on Slate.com – different BS for different IQs, but all from the same animal.