Richard Russell, old-timer writer of the Dow Theory Letters, this morning had the following to say about the US Federal Reserve:
“We must never again allow a sinister group of individuals to seize control of our money system. The Founding Fathers foresaw the danger of paper money issued with no connection to gold. Moreover, it’s imperative that the discipline of gold be taught to all Americans so that the immoral concept of a Federal Reserve can never again be sneaked or thrust upon the American people.
“All Congressmen and Senators must be taught a class in money, fiat money, gold and the Constitution. The course must be mandatory. President Obama is said to have taught Constitutional law. As Obama surveys the Fed, and the results of fiat money in the US today, what in God’s name is he thinking?”
On cue, Ron Paul and Steve Forbes discuss what is encompassed by the congressman’s bill to audit the Fed.
Source: Forbes, January 9, 2010.
