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Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
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 Posted: Wed Dec 26, 2007 12:39 am Post subject: US 2008 Presidential Election: Important Concepts About Mone |
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By: Richard_C_Cook
The 2008 presidential election campaign starts in earnest on January 3 with the Iowa caucuses, followed a few days later by the New Hampshire primary. While all of the Republican candidates except Ron Paul have totally ignored economic issues, the Democrats are all sounding more “populist” than at any time since the Great Depression. Nevertheless, with the exception of Dennis Kucinich, they all swallow in its totality the debt-based monetary system overseen by the Federal Reserve which is at the root of the escalating crisis.
Progressives who are trying to figure out whom to support are handicapped by the fact that they know little of monetary policy and history. Usually they are in favor of some form of wealth distribution, so solutions rarely go beyond tax increases. The Democratic candidates are responding to this perception by pledging in some form or another to roll back the Bush tax cuts for the wealthy that began in 2001 and ensured that the Clinton balanced budget of 1998-2000 would once again dissolve in an ocean of red ink as had happened in the 1980s under Republican President Ronald Reagan.
But tax increases are not an answer to a disastrously flawed system. Without gaining control of the U.S. monetary system, any Democratic president, no matter how reform-minded, will be outsmarted and outflanked by the Money Power every time.
http://www.marketoracle.co.uk/Article3160.html |
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