[TheForge] Price of steel & scrap

[Andy Vida]

Peter Fels And Phoebe Palmer wrote:
> 
> There are other factors, I agree, my comment was to point out one of
> them that hasn't been widely recognized...IE our current currency
> devaluation which has affected both steel and oil prices. In Europe, gas
> costs have not risen nearly as much.
> Another factor is that the Bush administration continues to buy up huge
> amounts of oil for the strategic petroleum reserve. Bush and friends
> profit from high oil prices. Of course the Chinese are putting a great
> deal of pressure on both oil and steel prices as well
> Either way,.it's us who pay.    

The establishment of the Federal Reserve Bank and a colored (i.e.
illegitimate) money system has been one of the great disasters of
this nation.  Few people are aware that the Fed is not part of
the US government, as the name would have one infer, but rather is
a privately held corporation, certainly the most wealthy and perhaps
the most powerful on the planet.

During the presidency of Hamilton, IIRC, the first push to establish
a national bank was defeated, because there were enough men in those
days with not only the knowledge, but the integrity and goodness to
work against the notion.  Upon defeat in congress, the president gave
a stern and foreboding warning about the establishment of such an
institution.  He foretold that evil men would try again and again
to establish such a bank and that no matter what arguments or
enticements
thate might be made for founding, that we must resist with all
strength and will.  This warning, much like Eisenhower's against the
rise of the military industrial complex, went unheeded and in 1913
the Federal Reserve Act was passed very quietly on, IIRC, Christmas
eve.  I've read that there wasn't even a quorum, but I suspect this
is apocryphal.  

Woodrow Wilson, may he rot in hell, helped pave the way for passage
of the Act, which has been the root of every economic problem that we 
have suffered since then.  Anyone doubting this only need consider
the existence of such a privately held corporation that possesses
sole and absoulte controls of the reigns to the most powerful economic 
system on the planet in the context of human nature and a rather long
history of behavior.  Does anyone really believe their actions are
meant to see to our collective health and prosperity?  More to the
point, in cases where conflicts of interest arise between "them" and
"us", whose interests does one think they will look to first and
foremost?  Yah, that's right. :)/:(