You are RIGHT. The Bush and Cheney way of thinking and acting has worked out quite well as we can see.
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Debt Free- get ird of the US Federal Reserve - Keep or get rid off?
- Thread starter droiduzr2
- Start date
You are RIGHT. The Bush and Cheney way of thinking and acting has worked out quite well as we can see.
Oh look, the Federal Reserve wants to add another $600 BILLION - $1 TRILLION of DEBT on your backs. I BET YOU that the Republicans will raise the debt ceiling. I say Republicans alone because they have gone on record to say NO more spending and to CUT the DEBT. It will be interesting to see how the Tea Party Politicians vote. I don't say this to attack you but just to see if this does occur because based on what I read so far from the past it sure looks like the SAME people (Federal Reserve) are pulling the strings.
Paying back the profit info you got from Wikipedia...lol
Let's keep this simple and start at square 1.
Who OWNS the actual US currency?
Who does that $1 bill belong to?
True, but that doesn't mean it's not true:
Worth mentioning that I trust wikipedia over your conspiracy website, and the Post over you and your conspiracy website.
What do you mean by owns the actual US currency?
On a technical level, reserves of the dollar are owned in substantial quantities by several countries, including China.
Do you mean who prints the money?
The Department of the Treasury directs the U.S. Mint (coins) and Bureau of Engraving and Printing (dollars) to print them.
United States - Department of The Treasury - Coins and Currency
It is true that the Fed buys long-term bonds, which has the affect of printing money, but they don't directly print money. You also probably don't understand why they're undertaking their current policy -- clearly they're worried about deflation, which is why they're undergoing their second round of quantitative easing, which will create some inflationary pressure and should encourage lending.
ElasticNinja
Android Expert
Sorry but had to say - "Quantitative Easing" is one of the most jargony terms ever 
Sorry but had to say - "Quantitative Easing" is one of the most jargony terms ever
Fair enough. Would it be more reasonable if I called it "refinancing operations" like the EU's central bank does?
ElasticNinja
Android Expert
No I prefer "hey we are printing more money!"
I never said Wikipedia was not a valid source.
Sure, the link I provided can seem like a tin foil hatter site
BUT then again anyone that speak out or promotes investigation tends to be called crazy very quickly by those that don't want you looking.
I tell you what, YOU go find a "credible" site that has all the information or similar information that debunks each claim. Or a site that provides a good CRITICAL of the Federal Reserve from day 1 to present.
The currency does NOT belong to the Citizens of the United States. It belongs to the PRIVATE COMPANY called the Federal Reserve as I understand it to be.
The MORE DEBT you are in means the MORE MONEY these bankers make from your INTEREST payments much like a CREDIT CARD system. It is and NEVER will be in their interest to get you out of debt. Yes, debt is a part of economics and is healthy to a point that is called manageable debt.
Let me break this down.
You have a credit card with a limit of $10k.
You make $100k a year. You spend $9k a year.
That is manageable, you have control of that vs. you running up your card to $60k because it has a limit of $65k in which case you end up making interest only payments and of course Visa sends you a letter saying they have moved your limit up to $70k but you are still making the same amount of money. They just lower your interest payments over a longer period of time but rest assured you are in DEBT to them.
Look at the US GDP...It was in a negative position since the late 70's and is in a big mess now because nobody wanted to tackle the trade imbalance. You consumed MORE from other Nations than you made to export. It is staggering the difference.
Sure, the link I provided can seem like a tin foil hatter site
BUT then again anyone that speak out or promotes investigation tends to be called crazy very quickly by those that don't want you looking.
I tell you what, YOU go find a "credible" site that has all the information or similar information that debunks each claim. Or a site that provides a good CRITICAL of the Federal Reserve from day 1 to present.
The currency does NOT belong to the Citizens of the United States. It belongs to the PRIVATE COMPANY called the Federal Reserve as I understand it to be.
The MORE DEBT you are in means the MORE MONEY these bankers make from your INTEREST payments much like a CREDIT CARD system. It is and NEVER will be in their interest to get you out of debt. Yes, debt is a part of economics and is healthy to a point that is called manageable debt.
Let me break this down.
You have a credit card with a limit of $10k.
You make $100k a year. You spend $9k a year.
That is manageable, you have control of that vs. you running up your card to $60k because it has a limit of $65k in which case you end up making interest only payments and of course Visa sends you a letter saying they have moved your limit up to $70k but you are still making the same amount of money. They just lower your interest payments over a longer period of time but rest assured you are in DEBT to them.
Look at the US GDP...It was in a negative position since the late 70's and is in a big mess now because nobody wanted to tackle the trade imbalance. You consumed MORE from other Nations than you made to export. It is staggering the difference.
Why don't you find a credible site that provides sources for its claims?
What do you mean by "the currency"? The currency is printed by the treasury (in one of the two divisions I mentioned in my larger post) and then sold to the federal reserve.
The federal reserve is a quasi-governmental agency. They even identify themselves as such. All of their profit, minus a 6% dividend is paid to the treasury (take a look at the WaPo article I quoted).
They are not a private company -- the 7 member board of directors are all appointed by the President and confirmed by the Senate (like other cabinet positions). The free market board consists of 12 members; 7 from the BoD and 5 from the 12 regional banks. Still doesn't sound private to me. Describe to me, how is it a private company?
More debt to who? More money the bankers make from what? What you're referring to (I think, since you're doing a crappy job of making any points) is the QE2 program. The QE2 program buys treasury bonds (which currently exist) from banks. This gives banks capital, on the assumption that the banks will turn around and loan that capital.
You say that's a bad thing? Yet industry is founded on that principal of loaning capital. That's how you start a business -- that's the idea behind the policy; banks will loan money, which will encourage folks to start businesses and jump start the economy. Where's the flaw so far? You can argue that the economics behind it are generally invalid, because they haven't been proven as well as other methods (such as screwing with the interest rate)...
WTF does this have to do with the Fed? Yes, I know how credit cards work. Someone points out (higher in this thread) that Canada's debt situation is worse.
Trade imbalance and debt are two distinct things. Maybe you should figure out what you want to complain about and then come back? There are plenty of economists that believe that a trade deficit is a healthy thing for an economy.
Growing Trade Deficit Good News for U.S. Economy | The Foundry: Conservative Policy News.
Also, trade imbalances have more to do with societal practices (saving vs spending) than debt, though additional savings would mean we would need fewer policies such as QE2, since more money would be in the banks.
mostlyanobserver
Lurker
Interesting thread ... i've been googling the Fed Reserve tonight and I reccomend that everyone research this topic on their own ... it's not hard to understand, but there's a lot to digest. Here's a few videos i found (Note that most links about this topic have sensational titles, so don't let that turn you off):
Monopoly Men (Federal Reserve Fraud) (1999)
Monopoly Men (Federal Reserve Fraud) (1999)
Money As Debt // very educational -- explains about money and lending
Money As Debt
Max Keiser - American Dollar To Go To Zero
http://www.youtube.com/watch?v=W3moTXmPbtk&feature=related
Monopoly Men (Federal Reserve Fraud) (1999)
Monopoly Men (Federal Reserve Fraud) (1999)
Money As Debt // very educational -- explains about money and lending
Money As Debt
Max Keiser - American Dollar To Go To Zero
http://www.youtube.com/watch?v=W3moTXmPbtk&feature=related
You know at one point in time people were TOLD that DDT was a good idea to spray inside their homes and walk around the cloud of chemicals as they breathed it in never mind about the environmental impact.
But hey, everyone back then called the Scientists and Environmentalists crazy too. In the end we saw how that worked out.
Here is a recent one for you. The economy is fine the housing market is doing great but hey when the handfull of of Economists and Business guys went on TV and said this is going to crash any minute now and they provided proof...I guess we know who was right but again they called them out of touch. This occurred in the same year to 6 months of them trying to warm people.
I guess some people like to wait until they are being pulled under by the quicksand before they start to admit that just perhaps yielding or going around that patch of "land" would have been better.
Let me simplify it even further for you.
Does a drug dealer want you to get treatment? No
Does a drug dealer want you to use less drugs they supply? No
Does a drug dealer want you to find another supplier? No
Does a drug dealer want you to stay hooked for as long as possible? Yes
Will a drug dealer get rid of competition? Yes
Please replace drug dealer and with Federal Reserve, seems to fit the bill.
btw- Cigarettes are SAFE and NON addictive right. It HAS to be right, we saw the CEO's of the Tobacco companies testify on camera in front of Congress that it's not addictive. Stupid scientist trying to tell us that nicotine is bad for us don't they know that's why they made light cigarettes.
Google Peter Shiff ( I think that's the guy, last name I am sure is correct). He was on tv deliberating with Ben Stein and a panel telling them this is a house of cards but they all treated him like a dummy and said he didn't know what he was talking about. Ben Stein went on to say everything is fine...then WHAMO 6 months later it BLEW up but that dumb ass Ben Stein is still on tv talking Economics.
I guess some people are a glutton for punishment.
* Transfats are good for you, don't believe that crap they tell you.
It's all a liberal bs way to control us with food.
But hey, everyone back then called the Scientists and Environmentalists crazy too. In the end we saw how that worked out.
Here is a recent one for you. The economy is fine the housing market is doing great but hey when the handfull of of Economists and Business guys went on TV and said this is going to crash any minute now and they provided proof...I guess we know who was right but again they called them out of touch. This occurred in the same year to 6 months of them trying to warm people.
I guess some people like to wait until they are being pulled under by the quicksand before they start to admit that just perhaps yielding or going around that patch of "land" would have been better.
Let me simplify it even further for you.
Does a drug dealer want you to get treatment? No
Does a drug dealer want you to use less drugs they supply? No
Does a drug dealer want you to find another supplier? No
Does a drug dealer want you to stay hooked for as long as possible? Yes
Will a drug dealer get rid of competition? Yes
Please replace drug dealer and with Federal Reserve, seems to fit the bill.
btw- Cigarettes are SAFE and NON addictive right. It HAS to be right, we saw the CEO's of the Tobacco companies testify on camera in front of Congress that it's not addictive. Stupid scientist trying to tell us that nicotine is bad for us don't they know that's why they made light cigarettes.
Google Peter Shiff ( I think that's the guy, last name I am sure is correct). He was on tv deliberating with Ben Stein and a panel telling them this is a house of cards but they all treated him like a dummy and said he didn't know what he was talking about. Ben Stein went on to say everything is fine...then WHAMO 6 months later it BLEW up but that dumb ass Ben Stein is still on tv talking Economics.
I guess some people are a glutton for punishment.
* Transfats are good for you, don't believe that crap they tell you.
It's all a liberal bs way to control us with food.
...which has what to do with economics?
Actually, a substantial majority of economists recognized the danger of the housing bubble.
HEY LOOK, I'M BEING SENSATIONAL BECAUSE I HAVE NO POINTS
HEY LOOK, I'M BEING SENSATIONAL BECAUSE I HAVE NO POINTS.
Question -- what do drugs have to do with the federal reserve? How is the federal reserve addicted? What treatment is there for the federal reserve? What's even wrong with the federal reserve? (I've noticed you haven't responded to any of the actual points made....)
And this has what to do with the issue at hand? The federal reserve isn't a for-profit company. THEY DON'T MAKE MONEY. The government takes their profit, minus a 6% dividend paid.btw- Cigarettes are SAFE and NON addictive right. It HAS to be right, we saw the CEO's of the Tobacco companies testify on camera in front of Congress that it's not addictive. Stupid scientist trying to tell us that nicotine is bad for us don't they know that's why they made light cigarettes.
Oh my, hey look at this -- he believes U.S. citizens should spend less and save more. WHAT DOES THIS HAVE TO DO WITH THE FEDERAL RESERVE? Nothing? Fantastic. Seriously, if you're going to make a bunch of topics and rant about how bad things are, you can at least stay on the topic instead spazzing out about totally unrelated things.
HEY LOOK, I'M BEING SENSATIONAL BECAUSE I HAVE NO POINTS.
X10iUser
Android Expert
"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered."
- Thomas Jefferson
That is one of the greatest quotes I've ever read, and if people can't see that's happening all around them today, then there is no hope.
- Thomas Jefferson
That is one of the greatest quotes I've ever read, and if people can't see that's happening all around them today, then there is no hope.
Why are you asking people to think for themselves or heed the words from the past especially by a "fore father"?
You are sounding like a SOCIALIST and along with Jefferson and anti-capitalist.
Bob Maxey
Android Expert
Manifesto is a good term. You should read some of his other rants on other lists. I think he needs more self-education, and far less self-medication. And books . . . read lots of books because clearly, he is copy and pasting from sites with questionable facts.
We buy them books and they eat the pages.
Bob
Bob Maxey
Android Expert
Actually, the reason DDT was banned was specifically due to the uproar raised by Rachel(al?) Carson's Book, "Silent Spring." The book was written by a woman with zero knowledge about the problem she was pitching such a bitch about.
Fact: DDT has been proven to be well behaved and certainly not the danger we were lead to believe. You can eat DDT with very few problems. If you do not believe me, ask Mr. Google. Look for the work done by the experts that know. Read about Professor Kenneth Mellanby who for 40 years would eat DDT during his lectures.
Bob Maxey
Ahhhh, that explains why you are the way you are.
Asbestos, lead, and thalidomide should compliment your diet nicely.
Bob Maxey
Android Expert
God, you are such a silly person. Resort to name calling and such is always the best way to make a point. You talk of things you know little about and then resort to behavior that impresses only yourself.
Do you know what Thalidomide is? Well, I am betting no until you ask Mr. Google. You should not joke about the Thalidomide problem because it caused endless sorrow and heartbreak to the parents that suffered with Thalidomide Babies.
By the way, it is being used today for treating several problems.
And again, DDT is not the serious problem we were told it is. Want to discuss the facts or stick with your impress no one style?
Bob Maxey
ElasticNinja
Android Expert
The world needs a world currency
And every bank needs to be state owned or highly highly regulated
Humans are liers, cheats and lazy
The bamks have LIED to the people of Ireland OVER AND OVER again
Our country is being RUINED by two banks
Hospitals will be closed, teachers cut, taxes raised, medical cards taken away
And THE MARKETS, picking at countries, tearing them apart, one by one
In the 90's it was the UK
Now Ireland
Next Portugal
Then Spain
THEN EUROPE
The financial system is robbing the lower middle and working classes AND ENRICHING THE SUPER RICH
In the last 30 years - where have most of the wealth gains gone to - the rich!
The worlds financial system is inherently BAD if not EVIL
Of course, I am going to be attacked for this
Probably be called a communist or bold socialist
The IMF began to take ocver my country today - due to the perils of the rights preciouds lassez faire capitilsm
THE MARKETS CANNOT REGULATE THEMSELVES
They are full of men who are not doing anything useful - not creating wealth
Just SCREWING THE PEOPLE OVER
And every bank needs to be state owned or highly highly regulated
Humans are liers, cheats and lazy
The bamks have LIED to the people of Ireland OVER AND OVER again
Our country is being RUINED by two banks
Hospitals will be closed, teachers cut, taxes raised, medical cards taken away
And THE MARKETS, picking at countries, tearing them apart, one by one
In the 90's it was the UK
Now Ireland
Next Portugal
Then Spain
THEN EUROPE
The financial system is robbing the lower middle and working classes AND ENRICHING THE SUPER RICH
In the last 30 years - where have most of the wealth gains gone to - the rich!
The worlds financial system is inherently BAD if not EVIL
Of course, I am going to be attacked for this
Probably be called a communist or bold socialist
The IMF began to take ocver my country today - due to the perils of the rights preciouds lassez faire capitilsm
THE MARKETS CANNOT REGULATE THEMSELVES
They are full of men who are not doing anything useful - not creating wealth
Just SCREWING THE PEOPLE OVER