OK, here's the deal: I like arguing. I just do. But as of this moment, I am going to drop the Minimum Wage debate for a simple reason: we are fighting over scraps. We are fighting over pennies when $1,000 dollar bills are falling out of the pockets of the power elite. Pointing this out was the whole reason I got on this website. I really only had one issue where I felt and feel strongly that the left and the right need to coalesce because we are all getting dicked over equally.
The House just passed Ron Paul's Audit the Fed bill. Let me frame this for you: we know that the Fed created and disbursed something on the order of $16 trillion during the 2008 meltdown, and that much of it did not even go to US banks. How do we know this?
Bernie Sanders, the socialist. Bernie Sanders, who insisted that the Wall Street Reform Bill include SOMETHING to keep at least a modest eye on what the banksters were up to. That is how we know they created $16 trillion.
As he put it, and I agree fully,"This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."
But I want all of you to grasp how our system works. A handful of superpowerful banks comprise the Fed. They run the Fed. They ARE the Fed. Goldman Sachs, JP Morgan Chase, Bank of America: these are the people who decide the value of our currency. These are the people who decide the value of our work.
Quite literally, both the Federal Reserve Discount Window facility and their Open Market Operations facility can create money in ANY AMOUNT and give it to ANYONE THEY CHOOSE, with NO OVERSIGHT whatsoever, other than the small amount provided for by Sanders provision.
And to be clear, inflation does not just happen. It is not like forest fires and lightning strikes. It happens ONLY when money has been created. It is created in this country ONLY by the Federal Reserve and by banks. The large inflation, the hyperinflation, only happens in economically good times, because that is when the banks are creating the most money through loans. However, the STAGE is set long before we start seeing actual price inflation by Federal Reserve give-aways to the banks.
Net: if Bernie Sanders supports this, I think all of you should as well, and should do what you can to ask Harry Reid what conceivable objection he can have to making the American people aware just what the most powerful financial institution on the planet--by far, and whose activities affect every life in this country--is up to.