Herman Cain Says We Should “Fix” Not End the Federal Reserve

Of the present crop of candidates competing to be the GOP’s presidential nominee for 2012, many conservatives find Herman Cain, 65, to be the most attractive because he’s not a career politician and is that rare black American who refuses to be in the Democrats’ liberal big goverment plantation.

Cain is a businessman, having been the former chairman and CEO of Godfather’s Pizza. He is highly intelligent: before his business career, he was a mathematician in ballistics as a civilian employee of the U.S. Navy. He presently is a syndicated columnist, radio host, and an associate minister at Antioch Baptist Church North in Georgia.

Some, however, are troubled by Cain’s close connection with the Federal Reserve System (FDS), that “creature from Jekyll Island” which was conceived in secrecy in 1910 on Jekyll Island, New York, then created by Congress in 1913 via the Federal Reserve Act. It is a strange public-private hybrid of privately-owned banks that act as America’s central bank with limited government supervision. As America’s central bank, the FDS supervises and regulates the banking system, manages the country’s money supply through monetary policy, maintains the stability of the financial system, and attempts to prevent and contain banking panics.

The importance of the Federal Reserve and its public-private nature have provoked many a conspiracy theory, which is not helped by its Inspector General Elizabeth Coleman’s admission in May 2009, that the FDS could not account for $9 Trillion in “off-balance sheet transactions,” whatever that means.

You can read a free download of the famous book on the creation of the Fed, The Creature from Jekyll Island, by going here.

From 1989 to 1991, Herman Cain was the chairman of the Omaha Branch board. In the 1990s, he was deputy chairman (1992–94) and chairman (1995–96) of the board of directors of the Federal Reserve Bank of Kansas City.

Recently, Reality Reporter Julio Rausseo caught up with Herman Cain on his campaign trail and asked him about the Federal Reserve.


H/t our beloved Miss May.

Unlike Congressman Ron Paul (R-Texas) who persistently has called for the Federal Reserve to be audited, and nothing other than its abolition altogether, Cain insists that “We can fix the Fed, we don’t need to end the Fed” because that’d be like “throwing the baby out with the bathwater.”

Cain maintains that the solution is to (a) reduce the Fed to just focusing on monetary pricing policy; (b) have the government have “a sound economic policy” of jobs creation and not running up a huge debt, which would prevent the Fed from doing such things as “printing money out of thin air.”

~Eowyn

5 responses to “Herman Cain Says We Should “Fix” Not End the Federal Reserve

  1. That’s right, Cain would keep the FED just as it is, a private banking entity, that is controlled by world bankers that has one direction in mind and that is to destroy the American way of life! Cain also prefers a New World Order, and UN Agenda 21, along with gun control! Wake up America Cain is just a puppet to break up the field! The FED has ALWAYS been controlled by foreign bankers and countries, and it answers to NO ONE! Semper Fi.

    Like

    • Vic – These are all very relevant issues that we need to definitely keep tabs on, to say the least… I too, am taking issue w/ Cain’s view on the Second Amendment…

      Like

  2. This is one area where I most definitely do not agree with the Hermanator.

    -Dave

    Like

  3. Friends, there is nothing about the Fed that is honest, nothing. As with the Fraud, it was conceived in the dark of night, then cobbled together by the six largest private banks of Europe and their equivalent evil cohort here, John Rockefeller’s bank and J P Morgan’s.

    They knew what they were doing was unConstitutional, so to conceal their thieving intent they cloaked it under the rubric of “Federal Reserve Bank” when in fact, it is not Federal, it has no Reserves, nor is it a Bank, except as a place for its owners to bank the hundreds of billions in profits which they skin from the taxpayer’s hides!

    To better understand what this monstrosity truly is, get The Lost Science of Money, by Stephen Zarlenga, in which he carefully delineates its history, reveals its machinations, and then proposes the only workable solution. He points out the Fed’s done good work in identifying the sources of currency and a great deal of statistical research that can be invaluable when used to better the nation, not defraud it. Much of its mechanism could be retained, but the money powers must be entirely removed from it and restored to the governance of “We, the people”.

    Like

  4. You’re quite right, sage_brush: he and many others are afraid, but they’re paid very well, so they maintain their silence or go along quietly. I have three friends still living –two more are not– who had visits from men in plain black suits, and it’s not a joke. They were told to stay quiet or suffer consequences. These can range from sudden death by ‘suicide’ to watching members of one’s family be killed off, usually starting w/the grandchildren. Think about that one! Absolute federal government has led to absolutely evil feral gubbmint, exactly what some of the Founders most feared. As they age, some are coming out: witness Col. Prouty and the men of the USS Liberty. They’ll be dead soon enough; might as well spill the beans on the way out.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s