You leap without thinking; if America ever woke up to the day that arresting Bernanke and the other FR bankers was a reality, it would be a very different America...The credit markets and political processes would have already made many necessary adjustments/adaptations, and they would not "freeze up" as you falsely contend....the markets would find a way to recapitalize and operate without major disruptions......besides, what did Wall Street do before Nixon took the final step to get us off the gold standard and handed the power of our currency to these unelected men and women?
Has America gotten more prosperous since then?
Has the divide between the classes gotten wider since then?
Has the under class gotten larger since then ?
Has the American dream diminished since then ?
Debt is re-negotiated EVERY DAY-ALL DAY LONG = holding on to the notion that our debt is sacrosanct and cannot be re-negotiated with creditors is a myth floated by big banks and big government........American taxpayers, especially the middle class, are being fucked by government and business who have a corrupt interest in more debt!
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Originally Posted by lustylad
So have you thought this through? After you arrest Bernanke and shut down the Fed, the credit markets will freeze up because there will be no lender of last resort, no trading in Fed funds, no discount window for emergency funding, etc. I'm guessing you would also repudiate all US Treasury obligations because "it isn't our debt". So the feds would be cut off from new borrowing. Ditto for state and municipal borrowers. Pension funds and retirees who own public debt would be screwed. Do you think you could still get a mortgage or a car loan or a new credit card? And what do think the economy would look like after all of this?
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ARREST THE FEDERAL RESERVE BANKERS...
