I have no doubt that, Bernanke is painting a giant target on his chest and his hometown of Dillon, South Carolina is at risk of being burned to the ground in symbolic protest to what this foolish man is venturing. The growing millions whose lives are being thrown onto the scrap heap as a result of political incompetence and outright criminal fraud represent a highly disruptive paradox to those austerity-minded fascists among us whose cowardice is resulting in police and fire protection being scaled back. Truly, in matters of comprehensive policy being affected during this time of crisis one might find brighter things in a box of Crackerjax. Quantitative easing certainly is no exception.

I can think of no better means of loud and prospectively effective protest to this fascist QE policy than were someone (or some group or groups) with far greater organizational skills than I possess to conduct an evening torch rally in Dillon, South Carolina (a place Bernanke can intimately relate with) demanding that, the Fed be put through bankruptcy reorganization along with the banking system it oversees. Plenty of signs reading, “If QE continues, Dillon burns!” should produce dramatic effect, particularly were these illuminated with torches.

Likewise, from here on out I would encourage anyone using the name “Bernanke” to prefix this with the word “fascist.” Since he chooses not to disguise this fact (as he has the right to do), we should all appropriately acknowledge his chosen place in principle. That’s my two cents…

“Our economy cannot run on Keynesian principals. It is designed to operate on Monetary principals.”

Although I agree with the spirit of your remark on “Keynesian principles,” you are incorrect to claim the U.S. was “designed to operate on Monetary principles.”

The United States of America was designed to possess sovereign control over its internal credit so that principles put forward in the simple, single-sentence Preamble to the U.S. Constitution might be most effectively elevated. You should venture to understand Alexander Hamilton’s role in the creation of the First National Bank of the United States. Then, see how Abraham Lincoln’s “Greenbacks” policy, as well as FDR’s transformation of Hoover’s “Reconstruction Finance Corporation” (the “TARP” of its day) into a virtual national bank directing credit to vital infrastructure projects both are reflections of the same, Hamiltonian credit system previously manifest via the First and Second National Banks of the United States.

The simple fact is the United States, by design (via its Constitution), uniquely offers the means for creating an added layer of functionality to the nation’s financial system, wherein some public corporation in which all citizens effectively are shareholders (be it a National Bank or some other agency) utters credit through the nation’s commercial banking system directed toward economic development projects legislated in Congress. This is not to be confused with Keynesian stimulus, because development projects of profoundly positive economic consequence (whose principle and interest costs will be amply recovered, and whose profit to the nation portends to be immense) simply will not be most efficiently financed via the federal governments normal, annual deliberations determining its budget. The creation of a public corporation whose role is to provide a banking function exclusively serving the interests of the people of the United States rather erects an agency whose operation most effectively leverages capital needed to expand the productive capacity of the national economy.

Now, the Federal Reserve as it was created simply represents a manifestation of an imperial, monetarist model whose deleterious role in the current age of wildcat finance ushered in by Greenspan presents a vivid demonstration of tyranny whose likes this nation must tolerate no longer. The manner in which the monetarist system the Fed oversees fails to bolster those succinct, eternally relevant principles put forward in the U.S. Constitution’s Preamble — indeed, we see the Fed now playing a role whose action effectively tears at these — is the sole bone of contention citizens need to raise in demanding the Federal Reserve be disbanded for its “unconstitutional” manner of operation.

“There is no reason to expatriate”

I disagree with the above. There are MANY reasons to expatriate, not the least of which is to avoid being forced to pay First World tax rates in exchange for the ‘privilege’ of living in a 4th World country (aka the USA). Also, the recent passing of MASSIVELY damaging Supreme Court decisions such as Citizen’s United vs FEC & the Prison Litigation Reform Act of 1996 -along with MANY other similar acts of outright judicial stupidity- practically GUARANTEES an unspoken transfer of wealth & legal rights from taxpayers over to corporations. Corruption and rampant fraud permeate every aspect of American institutional life. The U.S. is quickly morphing into a fascist police state.

Only a violent popular uprising could ever hope to quell the level of institutionalized fraud currently extant in America. THAT would constitute the only TRUE ‘change you can believe in’.

Like most things in the US, there is really no such thing as citizenship for most people. I don’t know many people that have taken an oath of allegiance and fidelity to the US or their state. What people did in school with the pledge to the flag does not count because they stop doing it before the age of majority which is 14. There is no reason to expatriate. If it ever came down to brass tacks and someone had to prove your citizenship against your denial they would need to produce evidence of the oath.

on my blog

Uh, with all due respect; wrong and wrong.

-You CAN save your assets by owning physical bullion and knowing ways of getting it out of the country if need be. Or by owning stocks demoninated in foreign currencies invested in overseas markets. Particularly if you had the foresight to have taken these measures a few short years ago.

– Shedding American citizenship is as easy as picking up and leaving and NEVER looking back. There are relatively easy (and legal) ways of acquiring dual citizenship, and thereafter simply using the new nationality for international travel (except back to the USSA of course!). That formal proceedure for renouncing U.S. citzenship is -like all things American- just pure BS.

1 vent ,and if that doesnt work i think J glenn has the right idea.

can i get a copy also?

and why are we paying taxes at all? we are not being protected anymore ..the crooks have taken over.

Hmmm….. I wonder who said that to me?

Oh ya … the author of this article…..
Pot meet kettle.

Not that I disagree with the general hypothesis.
I have a novel idea , stop participating in usurious business practices and fiat crap currency.
Problem solved.