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08-19-2011, 05:59 PM

Is the Fed Treasonous?

by Thomas J. DiLorenzo

The neoconservative talking heads recently took a short time out from praising, deifying, and anointing Texas Governor Rick Perry as the next president of the United States to chastise him for criticizing the Fed. In particular, he was taken to the neocon woodshed for saying that the printing of trillions of dollars of paper currency was harmful to the economy and, since we are in a depression, such an act was "almost treasonous."

Governor Perry could not have been referring to the actual definition of treason that is contained in Article 3, Section 3 of the U.S. Constitution, which reads as follows:

Treason against the United States, shall consist only in levying war against them, or in adhering to their enemies, giving them Aid and Comfort. (emphasis added).

The only Americans who were ever guilty of treason under this definition would have been Abraham Lincoln, his cabinet, the "Civil War" Congress, the Union Army command, and all army volunteers from the Northern states during the War to Prevent Southern Independence. Waging war against the Southern states was the very definition of treason under the U.S. Constitution.


Thanks to the Fed, American presidents can behave like world dictators, ordering the dropping of bombs anywhere and everywhere on a whim without any consent by Congress or anyone else. Thanks to the Fed, the majority of Americans are on some kind of governmental dole and are therefore neutered as opponents of the never-ending growth of government. They do not really have free speech rights, in other words.