Federal Reserve
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How the Republic Became a Monarchy
How did the United States change from the republic envisioned by the framers into a monarchy with its royal court that it has become today? I started thinking about this when I was analyzing the State of the Union speech given by President Barack Obama recently and I decided to go back and look at State of the Union speeches given in the past. What I found was that Thomas Jefferson, when he became President, decided not to give a State of the Union speech at all because he thought that walking out in front of a joint session of Congress reminded him of the British monarchy that the country had gone through a war to be rid of. Instead of a speech, he wrote a letter to Congress, intentionally vague, so that it wouldn’t seem like a royal decree and then he had a clerk read it out loud to the Congressmen and Senators.
The Constitution doesn’t require a speech. Article II, Section 3, says only that from time to time the President is required to give Congress information of the State of the Union and to recommend things for their consideration. That’s all that it requires. Jefferson’s example became a tradition that was carried on until it was broken by Woodrow Wilson in 1913. The 20th century, in many ways, became Wilson’s century as he brought into existence much of what we see today. In the very least he laid the groundwork of what we have become today.
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How The Republic Became A Monarchy – Part 2
Podcast: Download
Darrell Castle continues his discussion of the income tax and the Federal Reserve.
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Happy 100th Fed – And Goodbye
Podcast: Download
Darrell Castle talks about the Federal Reserve in the last week of its 100th year.
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The Federal Reserve – 100 Years
Podcast: Download
Darrell Castle talks about the Federal Reserve on its 100th anniversary and discusses how well its done its job.
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Senator Corker “Really Nervous” from Audience Silence at Chattanooga Speech
Senator Bob Corker gave a recent speech in his hometown of Chattanooga about the financial future of America. His speech was to the Better Business Bureau, and the Kingsport Times News quoted him as saying he is “very concerned” that the United States could end up like Greece “if we don’t deal with this soon.”
He was also quoted as saying that the “greatest threat we have” is government not being honest about the nation’s financial affairs, the national debt and politicians continuing to try to give citizens everything they want.
The senator went on to say that he understood, but admitted later that the lack of applause at the end “makes me really nervous.”