Shortly after officially entering the Presidential race, Texas Governor and Republican Presidential Candidate Rick Perry made the following controversial declaration:
“If this guy [Federal Reserve Director Ben Bernanke] prints more money between now and the election, I don’t know what y’all would do to him in Iowa, but we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treacherous, or treasonous, in my opinion.” (Source: Washington Post)
Governor Perry is right! Though an outspoken politician who has let slip crass and off-color remarks at times, his indictment of the subversive economic damage of the eternal-printing press Fed is right on the money (both the figurative and the fiat).
Pushing paper into the system undermines every person's power to purchase, pure and simple. The ugly process has been devaluing our currency for decades, pushing prices up while undermining our savings and enabling Washington to spend, spend, spend; for when the Fed forces fiat money onto the nation, the government gets first dibs to spend the made-up money, taking advantage of stable prices. With all the crap-currency crushing down into lesser and private markets, more money means more buyers willing to spend, which automatically triggers higher prices, erodes confidence in the currency, and plants more power in the hands of the federal government at the expense of the people.
If this shameful cycle of legal fiscal fraud is not treason, then what is?
Finally, the nation is hearing from an executive not afraid to tell it like it is, besides New Jersey Governor Chris Christie. By the way, when was the last time that the Mainstream Media hammered the Sumo Wrestler from Trenton for his brash rhetoric? Seems like an unseemly double-standard, to say the least.