Many people who engage in conversation about the current finical crisis do not fully understand the scope of the problems. The problems lie not a simple complication in a free market but rather in a corrupt basis for a system.
The Federal Reserve System and the fractional reserve practices of our private banks have depleted our country. This problem was even predicted by one of our most prolific founding fathers. " I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." This was stated by Thomas Jefferson in 1802 in a letter to Secretary of the Treasury Albert Gallatin. Many can understand the profound significance of this quote. Jefferson alike many of our other founding fathers fought against a private central bank which garnishes profits. This also becomes evident in the fact the constitution specifically refutes paper money and only gives power to "coin". The founding fathers knew paper money leads to runaway inflation. A private central bank has been fought and defeated in this country on more than one occasion. Now, more than any other time I think it is necessary to question the very foundations of our finical systems.
The only solution is the agreed stance of the third party candidates who make a bold suggestion on the matter. "We seek a thorough investigation, evaluation and audit of the Federal Reserve System and its cozy relationships with the banking, corporate, and other financial institutions. The arbitrary power to create money and credit out of thin air behind closed doors for the benefit of commercial interests must be ended. There should be no taxpayer bailouts of corporations and no corporate subsidies. Corporations should be aggressively prosecuted for their crimes and frauds." Taking action in this manner would result in real and measurable change. It is a stance like this which would should get the two main candidates to endorse.
