More Infiltration of the Anti-Fed Movement

Just yesterday I posted a comment, I Smell A Trap, warning about the potential infiltration, of the sponsors of the Fed bill introduced in to Congress by Congressman Ron Paul to audit the Fed, by leftists prodded on by Dean Baker. This morning LRC publishes a Gary North column, False Flag Infiltrators: Gold-Hating Fiat Money Inflationists Inside the Libertarian-Conservative Movement, with pretty much the same warning about another group led by Ellen Brown.

I wrote, yesterday:

Ron Paul's House bill calling for an audit of the Fed is getting support from the strangest places... If Democrats start signing on to the bill in heavier numbers, it may be a sign that an audit may come, but it will end with a restructured Fed controlled by left wing radicals, who believe money is for handing out and who have no fear of inflation.

North writes:

Ellen Brown is a lawyer. She is anti-Federal Reserve. So, she gets a hearing in conservative circles. This is unfortunate. There is nothing conservative about her. She is an apologist for statism and the United States Treasury (a wholly owned subsidiary of Goldman Sachs)...She is in the tradition of Gertrude Coogan and the other 1950's greenback inflationists whose footnote-free books are kept in print by Omni Books. They all have this in common: they want the American money system to be run by Congress.

North nails it. This is from Brown's web site:

Just as we need publicly-operated police, courts and laws to keep individual and corporate predators at bay, so we need a system of truly national banks, in which the power to create the money and advance the credit of the people is retained by the people.

And it doesn't get more bizarrely inflationist then this from Brown's web site, again:

A government with a properly designed and monitored system of publicly-issued money could fund itself without taxes, debt or inflation.

An end the Fed movement is fine, as long as it is tied to an alternative such as a gold standard. An audit of the Fed may simply provide the opportunity for all kinds of statists and interlopers to restructure the Fed so that it becomes even more inflationist.

Personally, I think the intricacies of how central banks work and how the money supply works is not understood well enough by the masses. Thus they can be very easily manipulated into false solutions that may be even worse than the current situation.

I really wish Congressman Paul would work on more clearly defined issues that can help now with the potential for less misunderstanding by the public.