Edwin Vieira, Jr. on the Fed's Transfer of Wealth

This jackass, Vierra, recently wrote an article about "we the people" and whining the usual right wingnut talking points.

Let's get this clear, Vierra. We ARE the people. "E Pluribus Unim". Out of many, one. Your side lost. Go brew yourself a big cup of SOUR GRAPE TEA and shut the hell up while the adults try to repair what Georgieboy Bush fucked up (everything!) in the last eight years.

I think you may have misunderstood what Vieira was saying. He's about as anti-mainstream as you can get. He's done a lot of work on trying to get the militia re-instituted to gives the States the power to flip the finger at the Feds.

I don't know that anyone gets the "We the People" concept better than Edwin Vieira. He has quite a few articles on New with Views.

...also, Vieira was and is profoundly anti-Bush.  You should read some of his articles before you make another comment.

@gumpydoood

This issue transcends democrat or republican interests. The FED has been doing things this way for decades. No one has stopped it because the people who benefit from it are the people that keep it alive. Don't let the us vs. them mentality cloud your vision on this issue.

My guess is that most (all?) of you don't mind high interest rates paid to you from CD'S or a regular savings account.
Interest rates have to be high if there are little or no savings. Where do you think the credit comes from anyway? There is nothing wrong with interest so long as it is driven by free market forces and not set by a central bank.
Why would someone loan(without interest) a perfect stranger money when there is no guarantee of payment? If you don't like interest, don't borrow

Some of you seem to be confused about the nature of credit and interest. Real credit can only come out of real savings. Real credit can be replaced by the Federal Reserve's printing press for a time, but the result of that is a credit bubble that will burst. The real savings(i.e. saved goods and services in the economy) aren't there to justify all the new projects started because of the artificially low interest rate.

Fractional reserve banking is inherently fraudulent and is the source of bank runs and general banking instability. The Fed "cured" this risk of mass bank runs by cartelizing the banking system. Sure, no more mass bank runs, but at the costs of dollar destruction, credit bubbles, and outright fraud!
The man is right, "The people don't understand."......sadly.

Dr. Vieira is one of the smartest Constitutional and Banking scholars in this country. He is a true patriot!! God bless him!!

the guy is a genius

Wurd up. We need to start accessing the treasury directly and stop with this federal reserve nonsense. I'll wear thru my toughskins and buy them with my mastercard IF they acknowledge that I issued the credit not the other way around. What asset can a 'fictitious entity' claim that would allow them to issue 'credit' is the crux. Its US! Soylent credit is PEOPLE