Libertarians Support Wall Street Protest to End the Fed

Ron Paul says that the Wall Street protests are legitimate, and that they are really protesting against the Federal Reserve.

One of the protest organizers tells me that a large proportion of the protesters are Ron Paul supporters. Most of them believe that ending the Federal Reserve is the most important step to restore our country’s prosperity. See this and this.

Remember, even the Wall Street Journal has called for the Fed to be broken up.

As I have extensively documented, the Fed is largely responsible for the economic crisis, and has failed to meet a single one of its stated mandates (let alone its implied ones).

The Fed has been enabler-in-chief for the corruption rampant on Wall Street.

And as I noted Tuesday:

Obama Is Not the Answer

Libertarians also point out that – while the Obama campaign and Democratic National Committee are trying to hijack the Wall Street protests – they have been part of the problem, not part of the solution.

They point out that Obama has appointed Wall Street insiders to all of his key economic posts, and accepted more money from Goldman Sachs and the other big Wall Street banks than anyone else (and is still raking it in). As such, despite his populist rhetoric, he’s with Wall Street, not the protesters. Indeed, he is Wall Street.

They point out that Obama has continued the process of turning the U.S. into a banana republic, and whether you call it communism, fascism or crony capitalism, Obama has been at least as bad as Bush.

They point out that Obama has been a wolf in sheep’s clothing, someone who thinks high levels of unemployment are good.

They point out that Obama has been more brutal than Bush and has destroyed our liberties even faster than Bush.

For these reasons, libertarians correctly state that re-electing Obama is not the answer. And they note that Ron Paul’s consistent, decades-long positions are much closer to the American peoples’ demands than Obama’s.

Postscript: Anyone who still thinks Obama will save us is high.

On the other hand, libertarians have been out of power for a long time. Neoliberals and Neoconservatives – two masks on a single face of corruption – have been in the driver’s seat for decades. Libertarians should welcome the protests as a chance to challenge the status quo, to promote liberty and to end the Fed – the chief enabler of corruption in our country today.

Folks dismissing the Occupy protests as being Obama propaganda or left-wing haven’t yet learned the facts, are blaming the fact that the mainstream Democratic party is trying to infiltrate the movement on the protesters, or are letting Fox, Drudge or other mainstream news sources blow a sub-set of the overall protests out of proportion. See this, this and this. Indeed, as the Associated Press notes, the protesters are fed up with BOTH mainstream parties.