Greenspan is only a blip on the radar. He was merely a gear in the machine. The fed chair is directed by those higher up in the federal reserve system. The way I see the the chairman is but a press secretary for the federal reserve and a living martyr for the fed when things go wrong. It's the system that is as fault.

Highly recommended video. The Money masters: How International bankers gained control of America.
http://video.google.com/videoplay?docid=-515319560256183936&ei=f7CcSIeeIJnWrgPwt7EU&q=how+banks&hl=en

Seems slow at first but it's actually quite brilliant and explains the system accurately.

Your mowing the weeds instead of pulling up the roots. We need to look at our monetary system itself.

You are still missing the big picture.

 "Give me control over a nation's currency and I care not who makes its laws."  Baron M.A. Rothschild

I sincerely believe that banking establishments are more dangerous than standing armies.. if the American people ever allow private banks to control the issue of currency... the banks and corporations that will grow up around them will deprave the people of their prosperity until their children wake up homeless on the continent their fathers conquered.".” Thomas Jefferson

"I am the most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.
We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."

-Woodrow Wilson after realizing what he'd done by unwittingly signing the federal reserve act.

To understand the root of the problem you must understand first that the federal reserve bank, that is the bank that controls the creation of U.S. dollars, is a group of private banks. When the United States needs money they borrow it from the federal reserve bank and the U.S. government must pay back the fed with interest. We're talking about hundreds of billions of dollars in interest. What makes it interesting is that the federal reserve does not have any money nor does it have any reserves. When the U.S. government needs to borrow money the fed merely prints the money out of thin air.
If this weren't bad enough then that money is filtered into the money supply and becomes inflation.
Wonder why inflation occurs and is now occuring at such an incredible rate?
Because the federal government can't tax the people enough and is borrowing over a trillion dollars per year to pay for our wars and the entitlement system. It has nothing to do with business whatsoever. We must remove the federal reserve and take from them the ability to create cash before we end up with a form of hyperinflation that killed Rome & Zimbabwe.
What we are facing today is one of the primary reasons for the revolutionary war. Private banks controlling our currency.

We need to fix our money.



I can quote people like this all day, but if you can only see this issue in mere political terms, you should probably do some research about it on your own.

As hexploit said, one of the main reasons for the American revolution was because of the laws forcing the colonists to borrow money from the central Bank of England. Politicians used to CAMPAIGN on the issue of a Central Bank in early America. We hardly talk about it anymore. How many candidates even mentioned it this election? We sure as hell don't learn about it in public schools anymore, and why should we when the Federal Government sets our education programs?

Uh there was a reason that an entire presidential debate was pretty much decided over whether the candidate supported the silver standard vs. the gold standard.

I'm not educated enough to give you the nitty gritty details. What I do know is that the government borrows money from the fed and repays it with interest. So not only do we get stuck with outragous inflation because of the huge quantities of cash being created in extreme excess of the nations industrial growth BUT WE HAVE TO PAY INTEREST ON IT! Sickening.

This assumption is actually inaccurate. If you look at our history you will find that the national debt was actually very consistant up until the federal reserve act of 1913. Heck to that point the debt even got paid off every once in awhile.
As soon as the federal reserve act passed the debt started spiraling out of control.

National Debt by year:
06/28/1946 269,422,099,173.26 06/30/1945 258,682,187,409.93 06/30/1944 201,003,387,221.13 06/30/1943 136,696,090,329.90 06/30/1942  72,422,445,116.22 06/30/1941  48,961,443,535.71 06/29/1940  42,967,531,037.68 06/30/1939  40,439,532,411.11 06/30/1938  37,164,740,315.45 06/30/1937  36,424,613,732.29 06/30/1936  33,778,543,493.73 06/29/1935  28,700,892,624.53 06/30/1934  27,053,141,414.48 06/30/1933  22,538,672,560.15 06/30/1932  19,487,002,444.13 06/30/1931  16,801,281,491.71 06/30/1930  16,185,309,831.43 06/29/1929  16,931,088,484.10 06/30/1928  17,604,293,201.43 06/30/1927  18,511,906,931.85 06/30/1926  19,643,216,315.19 06/30/1925  20,516,193,887.90 06/30/1924  21,250,812,989.49 06/30/1923  22,349,707,365.36 06/30/1922  22,963,381,708.31 06/30/1921  23,977,450,552.54 07/01/1920  25,952,456,406.16 07/01/1919  27,390,970,113.12 07/01/1918  14,592,161,414.00 07/01/1917   5,717,770,279.52 07/01/1916   3,609,244,262.16 07/01/1915   3,058,136,873.16 07/01/1914   2,912,499,269.16 07/01/1913   2,916,204,913.66 07/01/1912   2,868,373,874.16 07/01/1911   2,765,600,606.69 07/01/1910   2,652,665,838.04 07/01/1909   2,639,546,241.04 07/01/1908   2,626,806,271.54 07/01/1907   2,457,188,061.54 07/01/1906   2,337,161,839.04 07/01/1905   2,274,615,063.84 07/01/1904   2,264,003,585.14 07/01/1903   2,202,464,781.89 07/01/1902   2,158,610,445.89 07/01/1901   2,143,326,933.89 07/01/1900   2,136,961,091.67
During the Roosavelt administration a law was passed that made it illigal for Americans to hold gold coin and they were forced to sell their gold to the government. Imo this pretty much sealed the fate of the American people.