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Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 20, 2009 04:31PM


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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Alan Green$poon ()
Date: June 20, 2009 04:46PM

As usual, Ron Paul criticizes everything the Fed does without offering
an alternative solution. Obammie thinks the solution to EVERTHING is spend
more money and hire more bureaucrats. I despise what's happening to the Fed but Obammie isnt going to listen to me. Do you have an alternative?

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 20, 2009 04:50PM

I have an alternative. Have no FED Bank. there are plenty of banks in the USA that could set their own interest rates, and competition for banks would arise.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Alan Green$poon ()
Date: June 21, 2009 01:07AM

Thats it? You think all the Fed does is "set interest rates"?

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Thurston Moore ()
Date: June 21, 2009 01:41AM

No. The fed doesn't just set interest rates. They also lend money to the United States Government.

Wherein lies the problem.

Why is a private enterprise responsible for setting monetary policy and basically allowing the government to print it's own money? Why is a private enterprise "loaning" the government every dollar it already has the power to print? Why does the government owe the federal reserve bank every time it prints money???

Luckily, none of us fully understand the nature of a privately owned bank that sets national monetary policy and earns interest on every printed US dollar, so none of us can fully and rationally argue against it.

Ron Paul probably can't either, but he's done enough research to know that it is wrong.

The United States resisted the forming of a central bank several times in its history. The bankers kept trying until they finally succeeded. They even crashed the economy a few times to prove that they could and wouldn't stop until the government handed the power over to them. I think that the government finally gave in around 1913.

The governors of the federal reserve are all private shareholders of the reserve. Nobody elected them, Congress doesn't even have the power to question them.

Can anyone name more than one of the governors (without googling!)??

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 21, 2009 01:47AM

Thurston Moore Wrote:
-------------------------------------------------------
> No. The fed doesn't just set interest rates.
> They also lend money to the United States
> Government.
>
> Wherein lies the problem.
>
> Why is a private enterprise responsible for
> setting monetary policy and basically allowing the
> government to print it's own money? Why is a
> private enterprise "loaning" the government every
> dollar it already has the power to print? Why
> does the government owe the federal reserve bank
> every time it prints money???
>
> Luckily, none of us fully understand the nature of
> a privately owned bank that sets national monetary
> policy and earns interest on every printed US
> dollar, so none of us can fully and rationally
> argue against it.
>
> Ron Paul probably can't either, but he's done
> enough research to know that it is wrong.
>
> The United States resisted the forming of a
> central bank several times in its history. The
> bankers kept trying until they finally succeeded.
> They even crashed the economy a few times to prove
> that they could and wouldn't stop until the
> government handed the power over to them. I think
> that the government finally gave in around 1913.
>
> The governors of the federal reserve are all
> private shareholders of the reserve. Nobody
> elected them, Congress doesn't even have the power
> to question them.
>
> Can anyone name more than one of the governors
> (without googling!)??


N.W.O :( N.A.U :(

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Thurston Moore ()
Date: June 21, 2009 02:01AM

Dwight. Wrote:
-------------------------------------------------------
>
> N.W.O :( N.A.U :(

I prefer the music of NWA.

This has nothing to do with some "new world order" or "north american union".

This has to do with private individuals controlling and profiting from National monetary policy and management of the economy.

Sort of like if I was put in charge of your household finances, but you weren't even sure what that meant. I take a cut of every check you write, every bill you pay, and I decide who you pay and how much your household income is really worth, and you aren't even really all that sure who I am and what my motives are, or if I'm actually in charge of your finances in the first place.

I profit immensely, and sometimes in order to make more money, I pocket your gas bill money and you go without heat until I decide to pay the gas company. Sometimes I raise some rate that causes you to lose your job. Sometimes I lower some rate that causes you to earn more money.

You're never really sure what "secret hand" is behind your fortunes and misfortunes. Yet I'm getting wealthier and more powerful every day, while you are lucky to tread water and maybe keep yourself afloat.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 21, 2009 02:13AM

and this is how every person in the us lives, even congress and the president.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Thurston Moore ()
Date: June 21, 2009 02:46AM

Dwight. Wrote:
-------------------------------------------------------
> and this is how every person in the us lives, even
> congress and the president.


No doubt.

With a healthy dose of denial or confusion, just to make it go down easier. (or anger at anyone who tries to raise the issue.)

(isn't that one of the premises of the movie trilogy, "The Matrix"? That most people would rather blindly believe the steak they are eating is real, instead of knowing the truth that the steak is all just an illusion?)



Edited 1 time(s). Last edit at 06/21/2009 02:49AM by Thurston Moore.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: spunky ()
Date: June 21, 2009 03:38AM

The Federal Reserve is made up of foreign interests, mainly UK, controlling the US. A horrible deal and the President that signed this action into law afterwards acknowledged as much, but apparently was given no choice. If we had the power to look behind all decisions we would be angry by what has been done.

Our American house needs a thorough cleaning.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Alan Green$poon ()
Date: June 21, 2009 11:15AM

Dwight, Thurston, Spunky, You all seem to have some pretty wild ideas about
the Fed. Before you start introducing conspiracy theories its nice to understand
a few things. This publication is required text for most Money and Banking
courses:

http://www.federalreserve.gov/pf/pf.htm

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 21, 2009 12:00PM

Alan so where has 9 trillion dollars of americas tax money gone? the fed is controlling it. Also Thurston had good points, this book will explain them all?

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Insight ()
Date: June 21, 2009 12:42PM

The Fed is, and has been, controlled by Jews. It's not a case of the sun revolving around the earth though, it's the other way around. Be advised.

Trivia: What is Ben S. Bernanke's middle name?

Answer: Shalom. Seriously...look it up.


Pay no attention to the men behind the curtain or the elephant in the room.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 21, 2009 12:49PM

do not pay attention to the elephant in the room?? how

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Alan Green$poon ()
Date: June 21, 2009 01:43PM

Dwight. Wrote:
-------------------------------------------------------
> Alan so where has 9 trillion dollars of americas
> tax money gone? the fed is controlling it. Also
> Thurston had good points, this book will explain
> them all?

Dwight,
No, the publication will not attempt to explain everything. However,
in order to understand current policy it is necessary to understand
the structure of the Fed. Your suggestion of having "no Fed" is not
uncommon but considering that every country in the world has a "Central
Bank" says volumes. In other words, we have to have some sort of central
banking authority in order to interface with the others and establish
monetary standards not only for interest rates, but for foreign exchange
rates as well. Are you suggesting we allow US banks to establish their own international agreements with foreign commercial banksand have no Federal authority or regulation?

Thurston,
The Fed is in no way a "private enterprise". This is why I think "Purposes
and Functions" is a good place to start so that we're all reading off the
same page. I have heard many allegations about the Fed but so many come
from crackpots like Lyndon LaRouche that its sometimes hard to tell fact
from fiction.

Insight,
Your comments suggest conspiracy and perhaps thats something that needs to
be discussed more in public. The Bilderbergers and Trilateralists get lots
more attention in the European press but very little in this country.
I am intrigued by these "shadow government" theories but have little
hard evidence to go on. Do you have any good (verifiable) sources
for info?

BTW, I'm not trying to start a fight here. It would be nice to have a
meaningful discussion on such an important institution that impacts the
Hell out of our daily lives. Years ago, I heard a man make the comment,
"The Fed is one of those backwater agencies that nobody's ever heard of."
I pointed out that every piece of currency in his wallet says "Federal
Reserve Note" across the top but he still didnt get it. I gave up.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Alan Green$poon ()
Date: June 21, 2009 02:08PM

spunky Wrote:
-------------------------------------------------------
> The Federal Reserve is made up of foreign
> interests, mainly UK, controlling the US. A
> horrible deal and the President that signed this
> action into law afterwards acknowledged as much,
> but apparently was given no choice. If we had the
> power to look behind all decisions we would be
> angry by what has been done.
>
> Our American house needs a thorough cleaning.

Spunky,
Didnt want to forget you. Your comment, "The Federal Reserve is made up
of foreign interests"... How do you arrive at that conclusion? Which President?
I'm curious.

As far as "Our American house needs a thorough cleaning." goes, that
does have a lot of merit, but do we throw the baby out with the bathwater?

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 21, 2009 02:56PM

Alan Green$poon Wrote:
-------------------------------------------------------
> Dwight. Wrote:
> --------------------------------------------------
> -----
> > Alan so where has 9 trillion dollars of
> americas
> > tax money gone? the fed is controlling it. Also
> > Thurston had good points, this book will
> explain
> > them all?
>
> Dwight,
> No, the publication will not attempt to explain
> everything. However,
> in order to understand current policy it is
> necessary to understand
> the structure of the Fed. Your suggestion of
> having "no Fed" is not
> uncommon but considering that every country in the
> world has a "Central
> Bank" says volumes. In other words, we have to
> have some sort of central
> banking authority in order to interface with the
> others and establish
> monetary standards not only for interest rates,
> but for foreign exchange
> rates as well. Are you suggesting we allow US
> banks to establish their own international
> agreements with foreign commercial banksand have
> no Federal authority or regulation?


If that were to happen i would be worried that privet banks would lend out too much money and not have enough capital to pay back its investors. How about a reduced Federal role as a bank. Keeping an eye on banks making sure they have enough money. As far as interest rates and foreign exchange the term "eurodollar" could be looked into as a precedent on how to operate w/o the FED.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Alan Green$poon ()
Date: June 21, 2009 03:34PM

Dwight. Wrote:
-------------------------------------------------------
> Alan Green$poon Wrote:
> --------------------------------------------------
> -----
> > Dwight. Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Alan so where has 9 trillion dollars of
> > americas
> > > tax money gone? the fed is controlling it.
> Also
> > > Thurston had good points, this book will
> > explain
> > > them all?
> >
> > Dwight,
> > No, the publication will not attempt to explain
> > everything. However,
> > in order to understand current policy it is
> > necessary to understand
> > the structure of the Fed. Your suggestion of
> > having "no Fed" is not
> > uncommon but considering that every country in
> the
> > world has a "Central
> > Bank" says volumes. In other words, we have to
> > have some sort of central
> > banking authority in order to interface with
> the
> > others and establish
> > monetary standards not only for interest rates,
> > but for foreign exchange
> > rates as well. Are you suggesting we allow US
> > banks to establish their own international
> > agreements with foreign commercial banksand
> have
> > no Federal authority or regulation?
>
>
> If that were to happen i would be worried that
> privet banks would lend out too much money and not
> have enough capital to pay back its investors."

Precisely the way I feel as private banks have a tendency to cook the
books when nobody's looking.


>How about a reduced Federal role as a bank. Keeping an
> eye on banks making sure they have enough money.
> As far as interest rates and foreign exchange the
> term "eurodollar" could be looked into as a
> precedent on how to operate w/o the FED.

Sounds good on paper, but what about the other functions of the Fed.
Should they be simply farmed out to other agencies? Keep in mind,
the Fed has no authority not approved by the Congress. Also, the Congress
(and Obama) are in the process of greatly expanding the scope of the
Feds responsibilities.

http://washingtontimes.com/news/2009/jun/19/geithner-faces-skepticism/

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 21, 2009 10:03PM

You state congress and obama are expanding the feds responsibilities but could all of that be taken back by the "audit the FED" bill going around congress started by Ron Paul with over 200 co sponsors in the house and at least one in the senate.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Alan Green$poon ()
Date: June 22, 2009 09:42AM

Dwight. Wrote:
-------------------------------------------------------
> You state congress and obama are expanding the
> feds responsibilities but could all of that be
> taken back by the "audit the FED" bill going
> around congress started by Ron Paul with over 200
> co sponsors in the house and at least one in the
> senate.

Dwight,
They can audit all they want and nothing will change as a result. This is only "feel good" cosmetic legislation. There are already five continuous/ongoing internal audits and the books are always open to the House and Senate Banking Committee's. (every dime is accounted for). The only way any serious changes
could be made at the Fed is for the Congress to open up the Federal Reserve Act
and you will notice not even Ron Paul is bold enough to suggest such a move.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 22, 2009 01:10PM

Alan Green$poon Wrote:
-------------------------------------------------------
> Dwight,
> They can audit all they want and nothing will
> change as a result. This is only "feel good"
> cosmetic legislation. There are already five
> continuous/ongoing internal audits and the books
> are always open to the House and Senate Banking
> Committee's. (every dime is accounted for). The
> only way any serious changes
> could be made at the Fed is for the Congress to
> open up the Federal Reserve Act
> and you will notice not even Ron Paul is bold
> enough to suggest such a move.


Hmmm if all this is true thats interesting. Thanks for the teachings.

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d
Posted by: inkahootz ()
Date: June 22, 2009 02:18PM

d

edit by Cary: Account password compromised, disabled by administrator.



Edited 2 time(s). Last edit at 06/01/2010 02:28PM by inkahootz.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 22, 2009 02:26PM

inkahootz Wrote:
-------------------------------------------------------
> Thurston Moore Wrote:
> --------------------------------------------------
> -----
> > No. The fed doesn't just set interest rates.
> > They also lend money to the United States
> > Government.
> >
> > Wherein lies the problem.
> >
> > Why is a private enterprise responsible for
> > setting monetary policy and basically allowing
> the
> > government to print it's own money? Why is a
> > private enterprise "loaning" the government
> every
> > dollar it already has the power to print? Why
> > does the government owe the federal reserve
> bank
> > every time it prints money???
> >
> > Luckily, none of us fully understand the nature
> of
> > a privately owned bank that sets national
> monetary
> > policy and earns interest on every printed US
> > dollar, so none of us can fully and rationally
> > argue against it.
> >
> > Ron Paul probably can't either, but he's done
> > enough research to know that it is wrong.
> >
> > The United States resisted the forming of a
> > central bank several times in its history. The
> > bankers kept trying until they finally
> succeeded.
> > They even crashed the economy a few times to
> prove
> > that they could and wouldn't stop until the
> > government handed the power over to them. I
> think
> > that the government finally gave in around
> 1913.
> >
> > The governors of the federal reserve are all
> > private shareholders of the reserve. Nobody
> > elected them, Congress doesn't even have the
> power
> > to question them.
> >
> > Can anyone name more than one of the governors
> > (without googling!)??
>
>
> I thought it was semi-private venture with a
> presidentially appointed Board of Governers and 12
> regional banks each w/ a president and board of
> directors consisting of representatives from the
> private member banks of the Federal Reserve
> System. It's a sham that has only big banking's
> interest in mind...it has been and always will be.
> Many of the founding fathers were against the
> creation of a centralized bank like The Bank of
> England, the biggest and dirtiest in the world.


yet after 137 odd years the big bankers finally got control and have had this power for almost 100 years. It is a sad sad issue to have to deal with.

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s
Posted by: inkahootz ()
Date: June 22, 2009 02:48PM

s

edit by Cary: Account password compromised, disabled by administrator.



Edited 3 time(s). Last edit at 06/01/2010 02:30PM by inkahootz.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 22, 2009 02:52PM

Yeah thats what im saying around 1826 Andrew Jackson ended the 2nd BUS. He was also the last president to have $0 of debt. Is it still possible to have no centralized banking system when the rest of the world has one?

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Furfur ()
Date: June 22, 2009 02:57PM

Where is "Govt is the problem" and his infinite supply of graphs and pie charts?

---------------------------------------------------------------------------------------------
“It's too bad that stupidity isn't painful." - Anton Lavey

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: inkahootz ()
Date: June 22, 2009 02:58PM

Dwight. Wrote:
-------------------------------------------------------
> Yeah thats what im saying around 1826 Andrew
> Jackson ended the 2nd BUS. He was also the last
> president to have $0 of debt. Is it still possible
> to have no centralized banking system when the
> rest of the world has one?


We did have a surplus and managed to put a dent in the deficit during the Clinton years, though.

edit by Cary: Account password compromised, disabled by administrator.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 22, 2009 03:07PM

Surpluses are good but as we have all seen the president after Clinton managed to exponentially expand the deficit into numbers unheard of.

Side question- As the budget deficit as grown from millions to billions to trillions America has had its Millionaires, and Billionaires. With trillions of dollars being spent does anybody see a future of potential Trillionaires? Is it possible? Will America even be around at that time?

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Kenny_Powers ()
Date: June 23, 2009 01:43AM

Dwight. Wrote:
-------------------------------------------------------
> http://www.infowars.com/ron-paul-slams-federal-res
> erves-new-dictatorial-powers/
>
>
> Ron Paul knows best... just remember i told ya!


i stopped listening after you linked from the infowars site...

I used to believe some of the shit that he spews from his mouth, but he's just gotten fucking rediculous with his conspiracys.

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Re: Federal Reserve now has dictatorial power over the us economy..
Posted by: Dwight. ()
Date: June 23, 2009 01:46AM

well this joint is true.

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