Libertarians and the Fed

[pluckedflowers]

Can someone explain to me the reasoning, if any, behind US libertarians' obsession with the Fed as the root of all evil?

[No_Leaders]

Conspiracy theory mambo jumbo. I had a buddy who went from being an anarchist to being libertarian, then realizing the error of his ways back to anarchist. oh wait just kidding he calls himself an anarchist but is still really a libertarian at heart. I mean we agree on the same things except capitalism. I tell him how capitalism would be abolished, he says "what if someone wanted to create something but offered to pay someone to help him" and i tell him there would be no money.. yet he then comes back with "well what if someone wanted to get some kind of incentive for coming up with a good idea" sighhh.. Anyways i'm rambling, my point was this friend long time ago told me to watch that zeitgeist documentary which touches on the subject of the Federal Reserve. That whole documentary was conspiracy theory nonsense, and what i gathered from it is that libertarians look at the federal reserve as a scheme by rich bankers (the Rockefellers, Rothschilds, Morgans etc.) to basically control everything. Now if i'm correct i believe the reasoning the constitutionalists/libertarian types oppose it goes back to revolutionary war era. Thomas Jefferson was against the idea of creating a central bank.

Here's a quote i found by Jefferson. "the existing banks will, without a doubt, enter into arrangements for lending their agency, and the more favorable, as there will be a competition among them for it; whereas the bill delivers us up bound to the national bank, who are free to refuse all arrangement, but on their own terms, and the public not free, on such refusal, to employ any other bank"

So it makes sense people who want less government control would be against the federal reserve as a centralized institution and as the argument says all the money that is created and circulated is then lend out with interest attached keeping the country in continuous debt that it will never pay off.

I could be wrong but that's what i've heard over time from people who argue against the fed and that documentary thing seemed to imply.

[No_Leaders]

Supposedly these bankers met on Jekyll Island to discuss pushing through a bill that would create the Federal Reserve, it was some scheme that was plotted out by the bankers for domination. So all the ron paulites and tea party loonies love to cling onto those things. It's no different than the 911 truthers, or the people that believe in the NWO and all that nonsense.