The Creature from Jekyll Island

Quote from DrPepper:

Fraidy cats? Are you in second grade? Maybe you thought this post was about the story of Dr. Jekyll and Mr. Hyde.

Many of the wealthy people I know are very concerned about the economy and are taking steps to protect themselves financially. Do you actually know any wealthy people?


Become a global citizen and have no worries. It's your religious ties to one nation Yes. I know many wealthy
 
Quote from Nastyrabbit:

Become a global citizen and have no worries. It's your religious ties to one nation Yes. I know many wealthy

Good advice. I have been reading about how to obtain dual citizenship and diversify assets into other countries.
 
Quote from DrPepper:

Good advice. I have been reading about how to obtain dual citizenship and diversify assets into other countries.

Smart. Sad to say, those with undying loyalty to nationstates will be the losers.
 
Quote from DrPepper:
According to The Creature from Jekyll Island, that is not the way the banking cartel, euphemistically referred to as the Federal Reserve, makes money. The Fed creates money out of thin air, then lends it out to make a profit on the interest. The Fed wants governments, corporations and individuals to be in debt to maximize the Fed's interest income.
This is completely incorrect... If the rest of the book is like this (and I suspect it is), it's a load of bullsh1t.
 
"According to The Creature from Jekyll Island, that is not the way the banking cartel, euphemistically referred to as the Federal Reserve, makes money. The Fed creates money out of thin air, then lends it out to make a profit on the interest. The Fed wants governments, corporations and individuals to be in debt to maximize the Fed's interest income. "

Maybe they don't really want that....

Maybe that's just the way it turned out from their great central planning! :D
 
Quote from Nastyrabbit:

Smart. Sad to say, those with undying loyalty to nationstates will be the losers.

..and if your other citizenship goes down too, then you are a double loser. :)
 
Quote from Martinghoul:

This is completely incorrect... If the rest of the book is like this (and I suspect it is), it's a load of bullsh1t.

What about it is incorrect? That the Fed is a banking cartel formed and controlled by the wealthiest bankers in the world? That the Fed can print money out of thin air? That the Fed loans money to its member banks so they can make loans? That banks want people, businesses and countries to take out loans so that banks can earn interest?

I respect your knowledge and would like to understand what you are saying is incorrect.
 
Quote from buzzy2:


Here's a brief introduction.
http://en.wikipedia.org/wiki/Free_banking

Free banking did exist in the USA in the XIX century. Also between 1814 and 1914 there were 13 banking criseses. What does it tell you about free banking?

Not to mention if any bank can print its own currency, traveling without a national currency is rather troublesome. Think of going through Europe 30 years ago, changing currencies at every border.
 
Martinghoul,

In the most respectful terms I can think of, I believe you’d be doing yourself and this forum a great disservice, if you didn’t at least take a look at the video by the “Money Masters” titled “How International Bankers…”. It’s a fact filled masterpiece of a video on Central Banks and the Fed. It’s also a long video, but well worth your time and effort. It’s like an MBA in the genesis of modern Economics, and certainly a hell of a lot more useful then the coverage I received in my MBA program. Please take the time to view this video, and then see if your understanding is still the same.

However, if you currently have access to facts and information, which are in direct conflict with what you’ve seen printed herein, and possibly the video, then I’d be very interested in learning what those data points are. Like DrPepper, Pekelo, and Market Masher, I too am very interested in hearing your contrary arguments and findings. Please respond. Thanks.

BTW- Just Google “MoneyMasters” for the video.
 
Quote from Pekelo:

..and if your other citizenship goes down too, then you are a double loser. :)

Yeah. At least it's more romantic than downloading wallstreet the movie without paying and buying monitors at walmart using them then returning everytime you travel

Just joking! Nice to see you fellow pburgher.
 
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