Great information. I will surely drop by Brad Setser: Follow the Money ” Blog Archive ” How a US financial … again soon….

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It’s almost too good to be true to see you now have a national instead of a state forum at a time like this. We look forward to your visit to Jacksonville later in March. You are starting to attract a following here – exactly as I intended. Let me go back further in history to our city’s namesake for some direction in what to do: close the Fed. President Jackson took on forces stronger than any army he saw in the War of 1812 when he vetoed the charter for the second National Bank. The Rothschild family unleashed all their political will just short of war to keep their money making machine open, but he stood up to them and won. We can do the same. The mantra that has taken root in current economic discussions regarding banks and auto makers is “they are too big to fail.” The fear is there would be no other institution or company to assume the job and we would have aimless unemployed masses. Perhaps it’s no accident we have a bank headquartered here in Jacksonville, Everbank, that is one of the strongest in the nation. Its board did not act foolishly to make bad loans. It has one of the strongest balance sheets. It is already a multi-state bank. If we were to follow Prof. Fekete’s advice and capitalize Everbank with GOLD, they would easily outperform Bank of America. Indiana was correct in its assessment of Washington. Many states are now considering, and Oklahoma has adopted, resolutions reaffirming states’ rights under the 10th amendment. All of these efforts will eventually bear fruit.

To make the above happen, it will take everyone who cares about Liberty, as expounded in the Constitution, to rally their countrymen. FEE is an excellent vehicle to keep getting the message out. As the folly of the current “Stimulus” becomes clearer over the next couple of years, there will be many more ears willing to hear the message of liberty as the only viable alternative to social democracy deteriorating into a socialist nightmare. You wrote some years back about Are We Going the Way of Rome? The answer at this moment is yes, and we’re beating them: 220 years to imminent collapse compared to over 400 for them. Note we won the race on coinage when President Johnson ordered silver to be removed from coins in 1964.

Keep getting the message out. Ron Paul showed there is a growing audience. Current events will undoubtedly grow the audience hungry for the message of liberty even larger.

Sherm Turnage
Jacksonville, FL

I agree with your sentiments completely. But you answered David’s question (what would you have us do?) with what you would do if you were a benevolent dictator. Again, I (and probably all readers of this blog) would agree with those actions. But my question is what can we do in the world we actually inhabit, complete with venal politicians and rent-seeking interest groups? I’m as frustrated as you are, but am feeling pretty helpless. Politics seems to take place in the short term, but the damage being done here is long-term. I share Arnold Kling’s rage — hands off my wallet and my children’s future!

Too bad no one listened to them in 1947.

http://www.effor.com/blog/

When it all ends in tyranny, future peoples will write about how we did it to ourselves. And when I carefully lay it out in a logical format for others, they simply refuse to take the blue pill. They rather live in the fiction that government cares about them and takes care of them.

I think the most disheartening is the youth of today. Where is the rebelliousness that is supposed to be there. “What do we want? Old age pensions! When do we want them? When we are 65!” Hardly inspiring!