Debt out of thin air not evil but necessary? Is it fair?

[Lucrum]

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Interesting.

 

[xelite777]

Quote from Lucrum:

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Interesting.

Well glad you like Lucrum.

Here is another eye-opening video.

It even shows you that EVERY financial "crisis" (including the Great Depression) is deliberately created by a handful of men.

This must-see 5-part video has been viewed almost 6 million times, click on the Youtube Full Screen button (buttom of the screen, right corner) for better viewing :

http://www.youtube.com/watch?v=_dmPchuXIXQ

 

[toolazy]

Quote from xelite777:

Well glad you like Lucrum.

Here is another eye-opening video.

It even shows you that EVERY financial "crisis" (including the Great Depression) is deliberately created by a handful of men.

This must-see 5-part video has been viewed almost 6 million times, click on the Youtube Full Screen button (buttom of the screen, right corner) for better viewing :

http://www.youtube.com/watch?v=_dmPchuXIXQ

as now these things spreading.... and some people raising voices...

will be interesting to watch what will be the response to tame it down. See if goog/fb/msft & co can really be useful to control masses and justify current prices.

 

[zdreg]

Quote from Martinghoul:

I am not sure this is correct...

Isn't the type of central bank that exists today a culmination of Alexander Hamilton's vision? And isn't Hamilton considered to be one of the founding fathers?

it is doubtful that hamilton recognized central banks as nothing but an inflation engine or the handmaiden of the executive and congressional branch. if he didn't he was wrong.

 

[Swan Noir]

Surely he knew they were, as all points of power are, political institutions and just as surely he understood that they would hand out cheap money to the ruling class. But what system is able to prevent the ruling class from using their political and economic might to wring largess from the political establishment. They are the establishment.

Quote from zdreg:

it is doubtful that hamilton recognized central banks as nothing but an inflation engine or the handmaiden of the executive and congressional branch. if he didn't he was wrong.

 

[xelite777]

Quote from toolazy:

as now these things spreading....

The preceding video was just an appetizer, be prepared for even more shocking truths....

http://www.youtube.com/watch?v=pLlwpZQrQUU
(It is a long video, I suggest you record it via Firefox DownloadHelper for example, or RealPlayer Recorder, they are both free)

 

[Martinghoul]

Quote from Lucrum:
Alexander Hamilton, one of the few American figures featured on U.S. Currency who was never president. Killed in 1804 in a duel with Aaron Burr.

He did not sign the Declaration of Independence. Though he did serve with Washington throughout the Revolutionary War.

You are correct it was chiefly his idea to start a national bank. Paying off the war debt was the primary impetus I believe. The idea was considered controversial at the time. As in not all the founding fathers agreed with it.

"I believe that banking institutions are more dangerous to our liberties than standing armies."

Thomas Jefferson

Indeed, it was Hamilton vs Jefferson and Madison. In the end, Hamilton's vision prevailed (even though it was through a compromise of sorts, as I understood it).

You may disagree with Hamilton's ideas, but, in my opinion, there was sound logic to them. Likewise for Jefferson. In the end, it's a matter of choosing between two possible paths. I believe, in the end, the US has chosen wisely, even though occasionally it might appear differently.

 

[Martinghoul]

Quote from Swan Noir:
Clearly Hamilton's vision won out over Jefferson's and just as clearly it won out because the alternatives to a central bank did not mean any more equality than having one. J.P. Morgan was able to put a consortioum together during the 1907 Panic that, in the aggregate and at his direction, became the lender of last resort. The result was that it became clear that if America was to become the world's leading industrial and financial power that role needed to be codified. Even The House of Morgan was no longer big enough for the tasks at hand.

It was never a level playing field. None of it was ever -- at any point in history -- designed to be a level playing field. Jefferson, who spread vicious lies about one of his closests friends ... Adams -- was an ashole who understood little about the mechanics of finance yet ponitificated as if only he knew the way it should be. An asshole ... pure and simple.

That's not to say the FED is a panacea just that no one knows exactly what could replace it. We can't have the Paul's -- father and/or son -- designing what comes next.

Precisely...

A central bank is like many other institutions we currently have. It's imperfect, but, like I've said many times, it's the least worst solution available.

 

[Martinghoul]

Quote from zdreg:
it is doubtful that hamilton recognized central banks as nothing but an inflation engine or the handmaiden of the executive and congressional branch. if he didn't he was wrong.

Inflation engine? It's quite obvious that Hamilton's efforts to create a central bank had a goal of combating inflation. As to the central bank being a "handmaiden of the executive and legislative branch", I presume he couldn't really imagine anything different. The concept of "central bank independence" is a very recent phenomenon.

 

[xelite777]

Quote from Martinghoul:

A central bank is like many other institutions we currently have. It's imperfect, but, like I've said many times, it's the least worst solution available.

'"Father, forgive them; for they know not what they do."
Luke 23:34