Oct 272010
 

Is it possible that the Fed could trigger a civil war? According to Rocky Vega at the Daily Reckoning some people think so:

From TIME’s Curious Capitalist:

“A number of people both inside the Fed and out believe this is the wrong move. But one website seems to believe that Ben’s plan might actually lead to armed conflict. Last week, the blog, Zerohedge wrote, paraphrasing a top economic forecaster David Rosenberg, that it believed the Fed’s plan is not only moronic, but ‘positions US society one step closer to civil war if not worse.’

“I’m not sure what ‘if not worse,’ is supposed to mean. But, with the Tea Party gaining followers, the idea of civil war over economic issues doesn’t seem that far-fetched these days. And Ron Paul definitely thinks the Fed should be ended. In TIME’s recent cover story on the militia movement many said these groups are powder kegs looking for a catalyst. So why not a Fed policy committee meeting. Still, I’m not convinced we are headed for Fedamageddon. That being said, the Fed’s early November meeting is an important one. Here’s why…

“…nearly two years after the Fed cut short-term interest rates to basically zero, more and more economists are questioning whether the US central bank is making the right moves. The economy is still very weak and unemployment seems stubbornly stuck near 10%.”

The Fed will start the process (QE) that is likely to produce civil unrest. Once the effects of additional QE are seen to produce nothing positive and to have created virulent inflation that impoverishes the working class, then the civil unrest is likely to occur.

  3 Responses to “Could the Fed Start a Civil War?”

  1. Doubtful people will have the funds to muster any sort of civil uprising as we descend deeper into Depression.
    The time to revolt is now while money is still there for some.
    A good start: remove all money from banks in an attempt to put them out of business. They are the entities sucking the lifeblood out of the economy. (Aren’t you getting sick of all your purchases being tracked anyway?)
    And second: stop buying except for necessities.
    Let’s bring this fraudulent system to a stop.

  2. It is a mistake to view the Fed as an independent entity. It only exist as Washington by proxy, and it is Washington that is failing. If we were to see an instant rebellion it would be over implementing the plan for cash strapped government to take private retirement accounts and parcel them back in the form of annuities.

    The problem with a revolution is that there are too few people with a clear idea of what must be done, which ends with an even more powerful state.

  3. Election cheating like what we’re seeing in Nevada could lead to armed conflict. Just saying.

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