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<p>[QUOTE=&quot;Cloudsweeper99, post: 1210150, member: 3011&quot;]That&#039;s a pretty big leap.&nbsp; In my view, the Fed is completely unconsitutional since the power to create money was placed squarely with Congress in the Consitution, and this hasn&#039;t been amended to permit them to delegate it.&nbsp; Can the President delegate the role of commander in chief to, say, the UN? Of course not.&nbsp; And it is a quaint idea that somehow an unelected banker will be more responsible than an elected official.&nbsp; Witness the recent Congressional hearings where Bernanke has refused to provide information requested by Congress.&nbsp; No problem there, right?&nbsp; This is supposed to be a republic.&nbsp; In a republic, everything is decided by law, not by mob rule.&nbsp; And it is the job of representatives to enforce existing law, pass new law where necessary and consitutional, and go back to the people for permission to amend the Constitution when circumstances seem to warrant it.&nbsp; Since the creation of the Fed, none of this has taken place, so don&#039;t be surprised that the outcome has been unacceptable.[/QUOTE]</p><p><br /></p>

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