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DOW // DEBTS charts
- Thread starter harrytrader
- Start date
Quote from harrytrader:
Quote from vak:
nop the fed isn't a private institution.
http://www.federalreserve.gov/faq.htm
look harry, you obviously lacke some very basic economic knowledge hope you'll find the time to read a liitle/or somebody to explain further i'm sure there's plenty of syllabies available to read on these topics
i for one lack the necessary time/patience and shall leave this disscussion
i can assure you that these topics, at least at the basic level of understanding you seem to be stuck in, are fully covered in any undergrade political economics course nomatter where you are arround the world and that while sometime missunderstood by the genral public are very straite forward
Hahahaha ! Really laughable ! You are confusing the nomination of members and the fact that the central bank is a PRIVATE ENTITY SO THAT EVEN CONGRESS CANNOT AUDIT THEM and that EVEN THE GOV CANNOT COUNTER THEIR DECISION ! So who has the real power of influencing the Economy more than the Gov ? The Central Bank. And who has interest to pump the max of tax from Public Money for Financial Interests ? The same Central Bank that's why Huge debts and increasing tax for the future generations is in the trend ! Tell me : are you naive to the point that if Bankers can profit from pumping a max of money since they have the power to do so morality will prevent them to do so ??? The Wall Street Scandals are just the surface of the Iceberg. The true Scandals will be in a few years but I doubt that people even know the reason behind when it will happen. They would pretend that it was fatality and so unpredictable.
Instead of reading their basic FAQ you should rather read this one.
From
SUBCOMITTEE ON DOMESTIC FINANCE
COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENTATIVES
88th Congress, 2nd Session
http://landru.myhome.net/monques/moneyfacts.html#MONEY
9. Why is final control of economic policy a problem?
Because with an "independent" Federal Reserve, Congress and the President can be moving in one direction while the Federal Reserve is moving in the other. The result is sometimes no policy at all. At other times, it leads to the Federal Reserve neutralizing the President's economic policies. This very possibility caused President Johnson to request the Federal Reserve in his 1964 Annual Economic Report to Congress not to nullify his efforts to reduce unemployment and raise incomes. Should the President have to ask any Government agency to go along with his policy as approved by Congress? Obviously not.
Vak is really the widespread specimen of IGNORANCE as pointed by Russo "Very few people even know" that "The Federal Reserve" is "A Private Bank" !
From
http://www.russoforpresident.com/issues.php?id=16
The Federal Reserve: A Private Bank (1:57) print article
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Text version:
No, there are no checks and balances anymore. The fact is the wealthy people who have influence donât want to upset the âapplecart.â Theyâre the ones that have a vested interest in keeping things the way they are, because theyâre wealthy. And itâs the poor people who want to change things, who have no say, who really have no real pull, and who donât understand what the Constitution is in many cases. We have to get back to the Constitution.
A big part of the problem in America is the Federal Reserve really controls everything, and very few people even know that. People donât know the Federal Reserve is a private bank, because it has the word federal in front of it, people think itâs a government agency. Well so does Federal Express have the word federal in front of it. But itâs a private company just like Federal Reserve is. Federal Reserve is a private bank, and itâs a for profit bank.
And this private bank in 1913 got the right, the concession to make money for America. Think about that. Let's assume you and I had the right to make money for America and whoever needed money had to come to us. Youâd own everything. So you go to borrow money to start a business, say you want to borrow twenty million dollars. So you go to a bank to borrow twenty million dollars. They send a computer entry into your account and it costs them nothing to make that. It came out of thin air. And now you for the rest of your life have to work to pay them interest and principal on something they made out of nothing.
They own everything. Everybodyâs in debt to the Federal Reserve. They have amazing influence on politics, on the way things are run in this country and very few people know that itâs even a private bank and that they make a profit.
When the government wants money where does the government get the money from? The Government gets the money from the Federal Reserve and they have to pay them interest on the money. Which means we have to pay more taxes. So why does the government have to pay interest to the Federal Reserve if they can produce the money themselves. Why are they giving it to them?
I quoted Russo it doesn't mean I'm libertarian. I'm rather republican but truly republican of real economist like Milton Friedman not the fake political republican like Bush who is huger tax spender than even a socialist and moreover he spend tax to do harmful wars !
Also the problem is not that the fed be private or public, the fact that they are private just shows more easily that their interest is not public, but even if it becomes public one day, the bureaucrats who control both camps corporates and big gov can still continue to do what they want. And since they have the power and money it is unrealistic to think that one can get rid off them in one day. So the real problem is really education of people. They know that's why they have created so many fundations to "educate" the people so that they ignore the basics about sound money !
Fake money is directly linked to what is happening today and above all tomorrow: permanent war and terrorism because it is this fake money that allows to finance with people's tax money ! Only a true consciousness and intelligence of a growing number of people can counter what is profiling for the future. Today there is only "political correctness" or hypocrit "humanitarian" discourses that are just not followed by results and worse followed by opposite results ! It is since 40 years that they pretend to reduce poverty in IIIrd world the result was just the contrary : they have pumped them and miseries are such that these people think that Ben Laden is their savior !
Also the problem is not that the fed be private or public, the fact that they are private just shows more easily that their interest is not public, but even if it becomes public one day, the bureaucrats who control both camps corporates and big gov can still continue to do what they want. And since they have the power and money it is unrealistic to think that one can get rid off them in one day. So the real problem is really education of people. They know that's why they have created so many fundations to "educate" the people so that they ignore the basics about sound money !
Fake money is directly linked to what is happening today and above all tomorrow: permanent war and terrorism because it is this fake money that allows to finance with people's tax money ! Only a true consciousness and intelligence of a growing number of people can counter what is profiling for the future. Today there is only "political correctness" or hypocrit "humanitarian" discourses that are just not followed by results and worse followed by opposite results ! It is since 40 years that they pretend to reduce poverty in IIIrd world the result was just the contrary : they have pumped them and miseries are such that these people think that Ben Laden is their savior !
Quote from harrytrader:
Vak is really the widespread specimen of IGNORANCE as pointed by Russo "Very few people even know" that "The Federal Reserve" is "A Private Bank" !
From
http://www.russoforpresident.com/issues.php?id=16
The Federal Reserve: A Private Bank (1:57) print article
Can't see the video? Click here to install Java
Turn on your speakers.
Text version:
No, there are no checks and balances anymore. The fact is the wealthy people who have influence donât want to upset the âapplecart.â Theyâre the ones that have a vested interest in keeping things the way they are, because theyâre wealthy. And itâs the poor people who want to change things, who have no say, who really have no real pull, and who donât understand what the Constitution is in many cases. We have to get back to the Constitution.
A big part of the problem in America is the Federal Reserve really controls everything, and very few people even know that. People donât know the Federal Reserve is a private bank, because it has the word federal in front of it, people think itâs a government agency. Well so does Federal Express have the word federal in front of it. But itâs a private company just like Federal Reserve is. Federal Reserve is a private bank, and itâs a for profit bank.
And this private bank in 1913 got the right, the concession to make money for America. Think about that. Let's assume you and I had the right to make money for America and whoever needed money had to come to us. Youâd own everything. So you go to borrow money to start a business, say you want to borrow twenty million dollars. So you go to a bank to borrow twenty million dollars. They send a computer entry into your account and it costs them nothing to make that. It came out of thin air. And now you for the rest of your life have to work to pay them interest and principal on something they made out of nothing.
They own everything. Everybodyâs in debt to the Federal Reserve. They have amazing influence on politics, on the way things are run in this country and very few people know that itâs even a private bank and that they make a profit.
When the government wants money where does the government get the money from? The Government gets the money from the Federal Reserve and they have to pay them interest on the money. Which means we have to pay more taxes. So why does the government have to pay interest to the Federal Reserve if they can produce the money themselves. Why are they giving it to them?