Who controls the FED?

Nathan Mayer Rothschild (1777-1836, who once said: "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain's money supply controls the British Empire, and I control the British money supply.") was the head of the bank in London.
 
Quote from myminitrading:

One last thing, if one keeps good financial standings, and stays free of debt, these bankers will beat down your door with offers.

I have a business, and have business credit lines, the other day I got an offer for 2.9% fixed until the balance is paid in full, and no transaction fees, its a substantial line to.

My point is you can use the system to your advantage if you have a good credit history. I can take that money put it in a 1 year CD and capture the spread of about 2.3%, it's free money.


Think, dont let em beat you down, think man think.
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Mymini, I don't think anyone is arguing w/ your points, they're all valid. And yes a person can use certain aspects to their advantage, I do it myself.

Gotta love that busness cycle lending @ 2.9%, kinda like when market makers drive price higher just to dump inventory or get short. As traders we can take advantage of this but it has a crippling effect on the masses. You can focus on as many happy thoughts as you like but if you're living in the midst of chaos it won't matter much.
 
"I dare do all that may become a man; Who dares do more is none."
That quote says it all. I've been watching the news on the candidates and not one word has been said about Ron Paul, not one. I've also watch clips of Giuliani and i have to say, you can tell how ignorant Americans are, they clap at this guy comments even tho they are some of the dumbest comment ever.
http://www.youtube.com/watch?v=2ZfBl_CI7gI
http://www.youtube.com/watch?v=K7aFXRAW7mg
http://www.youtube.com/watch?v=vSk4SUpWVuY
 
Quote from Haroki:

With an invitation like that, how could I resist?

Which myth would you like me blow out of the water first?

Myth #1: The Federal Reserve Act of 1913 was crafted by Wall Street bankers and a few senators in a secret meeting.
Myth #2: The Federal Reserve Act never actually passed Congress. The Senate voted on the bill without a quorum, so the Act is null and void.
Myth# 3: The Federal Reserve Act and paper money are unconstitutional.
Myth# 4: The Federal Reserve is a privately owned bank.
Myth #5: The Federal Reserve is owned and controlled by foreigners.
Myth #6: The Federal Reserve has never been audited.
Myth #7: The Federal Reserve charges interest on the currency we use.
Myth #8: If it were not for the Federal Reserve charging the government interest, the budget would be balanced and we would have no national debt.
Myth #9: President Kennedy was assassinated because he tried to usurp the Federal Reserve's power. Executive Order 11,110 proves it.
Myth #10. The Legendary Tirade of Louis T. McFadden
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I never saw you link to the websites that support your view. Did I miss your post?


Haroki, just in case you're just misinformed and not a paid propagandist, here's how it works:

1. Congress wants to spend more money than they bring in through taxes, so...
2. Treasury prints some paper and calls it a bond
3. Fed buys that piece of paper by putting some zeros in the Treasury bank account. The money didn't exist before. It's a bookkeeping entry.
4. Treasury spends the brand new money.

So Congress gets free money and gets to spend it. But each new dollar that is created like this devalues all the existing dollars. So each time this happens, the money in your bank account devalues a little bit more. This is inflation.

So in other words, the Treasury wants to spend more money than they take in so they covertly steal it from the public. And we owe the Fed trillions for providing the service. This has been going on since 1913 and today the dollar is now worth <4% its original value.

The only way to describe the above is "legalized fraud".


That's how it works Haroki. It's really very simple. Genius, but simple. And we fell for the scam for nearly 100 years.
 
Quote from FireWalker:

I never saw you link to the websites that support your view. Did I miss your post?


Haroki, just in case you're just misinformed and not a paid propagandist, here's how it works:

1. Congress wants to spend more money than they bring in through taxes, so...
2. Treasury prints some paper and calls it a bond
3. Fed buys that piece of paper by putting some zeros in the Treasury bank account. The money didn't exist before. It's a bookkeeping entry.
4. Treasury spends the brand new money.

So Congress gets free money and gets to spend it. But each new dollar that is created like this devalues all the existing dollars. So each time this happens, the money in your bank account devalues a little bit more. This is inflation.

So in other words, the Treasury wants to spend more money than they take in so they covertly steal it from the public. And we owe the Fed trillions for providing the service. This has been going on since 1913 and today the dollar is now worth <4% its original value.

The only way to describe the above is "legalized fraud".


That's how it works Haroki. It's really very simple. Genius, but simple. And we fell for the scam for nearly 100 years.
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b/c interest is paid on the gov't spending so unless the gov't receives more in tax revenue than its spends, it will have to keep printing more, is that correct ?
 
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