Gee everytime time I say something about that I get labeled by, Adicus,option coach,and many others as a bigot.
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Who controls the FED?
- Thread starter UnFoRGiVeN
- Start date
Gee everytime time I say something about that I get labeled by, Adicus,option coach,and many others as a bigot.
Quote from riaamaan:
^ You suggest the policy is controlled by the govt, yet why does Congress know so little of what takes place behind their doors? Why is there no transparency? Why did they stop publishing M3?
Technically, if we agree that because the Federal Board members are selected by the President, they are a govt entity, in reality, they are not accountable to anyone as a true govt official should. For all intents and purposes, they are private. It's a clever trick. Labeled as govt, but no accountability. They have the best of both worlds. I wonder if they have to pay taxes on the interest they earn? Nobody said these guys were dumb.
I believe the short list of potential board candidates is supplied by the federal reserve banks themselves. They make sure their own are at the helm. It's not like the President can pick a banker / economist / monetary policy expert from outside their clique.
These bankers do not perform with the attitude of service to the people as the Constitution intends for those who are placed in positions of power by the people. For if they did, they would have protested any presidential action that allowed the decoupling of gold from the currency. I have never heard of any resignations by a fed member in protest. Reserve banking policy has led to a false sense of wealth based on borrowed money. This is grossly irresponsible.
If they acted in the best interest of the people, they would not continue to devalue the dollar through inflation. The benefactors of inflation are those that get to use the new money first. I suppose those benefactors are bankers and Wall St. It steals from the rest of the country. These sir, are not the policies of government servants. They smack of private elite individuals getting rich beyond belief.
The dollar is only as good as the faith people have in it. Remove that faith and financial calamity ensues. The Chinese are trying to move their dollars into hard assets. They'd probably love to dump it on the Forex, but they cut their own throats if they do. Last Monday's new 10 year notes auction went poorly. Only 10% sold, probably to our own govt.
The fractures are beginning to appear. The budget and GDP deficits coupled with the exportation of our industrial base has led us to the cliff. For how is it that these debts will be repaid? From where is the wealth creation to come? Let's hope the corporate profits can cover it, because the people no longer have the opportunity at the necessary levels required.
I contend the fed is a private institution, only enjoying a quasi-govt label, nothing more. The truly relevant point is they are responsible for our monetary policy and our economy appears to be on the brink of collapse. Drastic changes are in order.
Amen!
Quote from riaamaan:
My bet is that until a severe economic collapse, depression and high crime across the country occurs, nothing will change. But when the collective misery threshold is hit, woe be to the leaders and bankers who allowed such conditions to manifest.
Live free or die.
Many policies were passed during rough times (FDIC, etc). To make matters worse during times of boom people don't give a shit b/c their fat and happy. Its gonna take blood, sweat and tears to get rid of these scumbags, but it has been done before. Unfortunately, the fed has never had this kind of reign.
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
Hi Haroki,
Thanks for contributing. Can you post the Fed debunking sites where your rebuttals are derived?
Life to me is about joy, I get joy from helping others. These power players, the central bankers, have you ever seen one smile. their not happy, can you imagine what their dreams are like, they must live a tormented life. How can one have joy when he knows he is deceiving others.
Money cannot buy happiness, Rich people are never satisfied, one jet two jets, one boat a bigger boat, its an endless search for joy.
I admire rich people who give away all their money, they are the truly happy ones.
Stay out of debt, work hard, save and invest wisely.
Get your focus off yourself, find a way everyday to help others, you won't belive what a diffrence this will make in your life.
Live a joyfull life, be happy, help others. The rich man is always worried, the poor man sleeps well after a hard days work.
Money cannot buy happiness, Rich people are never satisfied, one jet two jets, one boat a bigger boat, its an endless search for joy.
I admire rich people who give away all their money, they are the truly happy ones.
Stay out of debt, work hard, save and invest wisely.
Get your focus off yourself, find a way everyday to help others, you won't belive what a diffrence this will make in your life.
Live a joyfull life, be happy, help others. The rich man is always worried, the poor man sleeps well after a hard days work.
I have always thought that the government economic data is manipulated, the markets are manipulated.
But as long as you know the agenda, then you can profit, buy being on the right side.
Technical analisys is what I use to help me determine the agenda.
I hate watching TV, its all so fake, I love reading. I am not out to change the world, but I am out to keep the world from changing me.
But as long as you know the agenda, then you can profit, buy being on the right side.
Technical analisys is what I use to help me determine the agenda.
I hate watching TV, its all so fake, I love reading. I am not out to change the world, but I am out to keep the world from changing me.
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.
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.