Topic: "First National Bank" (5)
Frodo is not a particularly big fan of Rep. Ron Paul (R-TX). First off, as most know by now, Frodo is not a particularly big fan of anybody or anything from the area he wishes he could return to Mexico and not have to pay reparations to anyone dumb enough to accept America's biggest waste product (which certainly explains the reason for large deposits of natural gas therein). Additionally there is the Congressman's proclivity to demonize the presence and the actions of the Federal Reserve Bank, a position which Frodo feels reflects the sophisticated thinking of the early 16th Century. Representative Paul twists his little nose into the operations of something he does not understand, thereby producing the reason that Frodo rejects Paul's proposed interjections in behalf of transparency and good government.
Seemingly, it makes sense to widen government operations into the open air, and thereby enhance the democratic concepts of everyman as a part of our democracy. Frodo asks however, dear reader, do you really want Rep. Virginia Foxx (R-NC) in any way involved in America's financial decision-making future? What about Rep. Michelle Bachmann (R-MN), who proves to the world on a seemingly nightly basis that she has no vestige of common sense? How about Rep. Phil Gingrey (R-GA) who sits on the Board of Directors of at least two banks both of which are presently under FDIC requirements to "cease and desist" ineffective operations?
Can you imagine what it would be like to bring these semi-morons into each and every decision to raise or lower interest rates by a quarter point? These people are owned, lock-stock-and-barrel by interest groups that would lobby them endlessly, one way or another. There would be no capacity for cooler heads to prevail on business decisions which shape our fiscal wherewithal.
Frodo suggests, dear reader, that anyone living in or near a major urban area in America first find out if there is a Federal Reserve Bank nearby. Then, states the Hobbit, go there and take a free tour of the facility, available almost every working day. Ask the volunteer tour guide about how the members of the local Board are chosen, how often they meet, and what impact their recommendations have on the fiscal policy of the United States? Then, go home, get down on your knees and thank the Maker that Rep. Ron Paul and Rep Phil Gingrey, and the rest of the Congressional Clowns are out there picking their collective noses, and doing no further harm.
It may not be perfect, but at least it is Paul-free. Frodo sincerely hopes that those good people who have sought understanding of his protection of this aspect of America's Economic System reflect on the fact that, sometimes, it is good not to have too many cooks (or Texans) pissing in the broth.