Will ending borrowing our own money from the Federal Reserve Bank at interest restore our economy?

THE RON PAUL SOLUTION:

Heres what we HAVE to do to solve the problem says Paul: 1 Let banks and companies fail if they cannot survive on their own 2 Stop inflating asset prices with government purchases and bailouts 3 End the Trillion dollar annual spending to maintain the US Global Empire 4 Bring all our troops and assets home from around the world 5 End the fractional Federal Reserve banking system that caused the hyper asset inflation through pyramid debt 6 Have the US Treasury take charge of our monetary system and create a non debt based system.

Former Asst. Sec. of the Treasury Paul Craig Roberts one of the few who has bucked the system agrees with this in general when he writes The trillions of dollars in credit default swaps CDS should be declared null and void. These swaps are simply bets that financial instruments and companies will fail and the bulk of the bets are made by people and institutions that do not hold the financial instruments or shares in the companies… There is no reason under the sun for taxpayers to bail out gamblers…

To preserve the dollars status as reserve currency a credible policy of reducing both budget and trade deficits must be announced. In the near term the budget deficit can be reduced by 500 billion by withdrawing from Iraq and Afghanistan and by cutting a bloated defense budget that represents the now unattainable goal of US world hegemony. The trade deficit can be significantly reduced by bringing off shored jobs back to America cant be done without a wholesale changing of the labor environment and tax regulations that drive companies overseas as much as lower labor costs.

This approach to the economic crisis stands in marked contrast with the approach of the gangsters running US economic policy. The gangsters are using the crisis as an opportunity to steal from taxpayers and to finance their misdeeds and exorbitant salaries with Federal Reserve loans. Their shills among economists and the financial press tell the people that the solution is to fatten up the banks with funds so they will resume lending to an overindebted public that will then return to the shopping malls. This unrealistic approach to a serious crisis indicates a leadership crisis on top of an economic crisis. Its not a leadership crisis in terms of lack of understanding or lack of competence. This is a conspiracy of greed and power. A little review of the nature of this conspiracy is in order.