Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

As He Clips Our Coins, Bernanke Steals A Page From Nero's Playbook
Forbes ^ | 9/25/2013 | Keith McCullough

Posted on 10/01/2013 9:38:18 AM PDT by george76

In 64 A.D., in a naïve attempt to deceive the populace, Nero decreased the silver content in the coins and made silver and gold coins slightly smaller ... central planners have been clipping coins and devaluing the The People’s hard-earned currency for at least two thousand years. The Roman Emperor Nero of course devalued the Roman currency for the first time in the Empire’s history. What was it that gave both the Roman and Ottoman Empires the audacity to plunder the purchasing power of their people?

After 200 years of operating as an independent bank, what made the British Empire so soft that it felt the need to socialize (nationalize) the Bank of England in 1946? What was the US “Free-Market” Empire and why have we empowered the Fed to change it?

If you disregard the vacuum of history in which Ben Bernanke thinks (the 1930s) and contextualize the moment his Fed currently occupies (within the construct of long-term history, which will ultimately judge Bernanke when he’s long gone), it’s getting scary again. But you probably already knew that. The sad thing is that some of his Fed heads do too.

On Monday, Dallas Fed Head Richard Fisher basically admitted two key things:

1.) The current White House Administration has politicized the US Federal Reserve.

2.) By not doing what they led the market to believe they would do (taper), the Fed is losing credibility

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Foreign Affairs; Germany; Government; News/Current Events; United Kingdom
KEYWORDS: bernanke; coins; federalreserve; gold; moneyprinting; silver
Navigation: use the links below to view more comments.
first 1-5051-83 next last

1 posted on 10/01/2013 9:38:18 AM PDT by george76
[ Post Reply | Private Reply | View Replies]

To: george76
The choice is between individual freedom and slavery to government--a tyrannical form of slavery.

The formula structured by the Constitution of the United States and laid out in its philosophical foundations--as asserted in the 1776 Declaration of Independence from an overly-powerful government administered by King George III--were explained by America's Founders.

Their writings and speeches, as well as the wisdom writings from previous defenders of liberty, are available online.

THE FEDERALIST, that collection of 85 essays explaining the Constitution's provisions and protections, now can be read in every home and school as a means of enlightening a public which has become too willing to yield their Creator-endowed liberty to a collection of would-be tyrants who call themselves "progressives," but are, in fact taking American citizens back to the bondage from which their ancestors fled in other parts of the world.

Several years ago, a business man by the name of James R. Evans, in his book, "America's Choice: Twilight's Last Gleaming or Dawn's Early Light," suggested 7 simple principles which every citizen could benefit from considering as they watch the so-called "progressives" attempt to enslave them through legislation and Executive Orders.

"1. Does this legislation or idea increase, or decrease, individual freedom and creativity?

"2. Does this legislation or idea increase, or decrease, the power of some citizens over other citizens?

"3. Does this legislation or idea recognize that the persons who will exercise the power are themselves imperfect human beings?

"4. Does this legislation or idea recognize that government is incapable of creating wealth?

"5. Does this legislation or idea authorize taking from some what belongs to them, and giving it to others to whom it does not belong?
If 'thou shalt not steal' is a valid commandment, can we assume that it is meant to apply only to individuals and not to government (which is made up of individuals), even if those persons in power pass laws which sanction such redistribution of the wealth of others?'

"6. Does this legislation or idea encourage, or discourage, the very highest level of morality and responsibility from the individual?
. . .when government makes actions 'legal' by some citizens at the expense of other citizens, the result may be behavior which would not be considered possible by individuals acting alone.

"7. Does this legislation or idea propose that the 'government' do something which the individual cannot do without committing a crime?"**

**7 principles drawn from James R. Evans book, "America's Choice," and reprinted in a Stedman Corporation (Asheboro, NC) booklet entitled "I'm Only One, What Can I Do?"

The simplicity of these questions and of the core message of the following words by some of America's Founders might jar some citizens into a recognition of what "progressives" and this Administration are doing to the future of liberty for their posterity:

"...nip the shoots of arbitrary power in the bud, is the only maxim which can ever preserve the liberties of any people. When the people give way, their deceivers, betrayers, and destroyers press upon them so fast, that there is no resisting afterwards. The nature of the encroachment upon the American constitution is such, as to grow every day more and more encroaching. Like a cancer, it eats faster and faster every hour. The revenue creates pensioners, and the pensioners urge for more revenue. The people grow less steady, spirited, and virtuous, the seekers more numerous and more corrupt, and every day increases the circles of their dependents and expectants, until virtue, integrity, public spirit, simplicity, and frugality, become the objects of ridicule and scorn, and vanity, luxury, foppery, selfishness, meanness, and downright venality swallow up the whole society." - John Adams

"This was a favorable moment to shut and bar the door against paper money." [This statement referred to a proposed provision in Article I, Section 8, that would have read 'and emit bills of credit (paper money) of the United States,' which the Founders rejected by an overwhelming vote.] - James Madison- Notes of the Federal Convention 1787

"...there have always been those who wish to enlarge the powers of the General Government. There is but one safe rule...confine (it) within the sphere of its appropriate duties. It has no power to raise a revenue or impose taxes except for the purposes enumerated in the Constitution....Every attempt to exercise power beyond these limits should be promptly and firmly opposed." - Andrew Jackson's Valedictory

"...experience hath shewn, that even under the best forms (of government), those entrusted with power have, in time, and by slow operations, perverted it into tyranny; and it is believed that the most effectual means of preventing this would be, to illuminate...the minds of the people...to give them knowledge of those facts, which history exhibiteth. History, by apprizing them of the past, will enable them to judge of the future...it will qualify them as judges of the actions and designs of men; it will enable them to know ambition under every disguise it may assume; and knowing it, to defeat its views...." - Jefferson's Bill for the more general diffusion of knowledge for Virginia

"Although all men are born free, slavery has been the general lot of the human race. Ignorant--they have been cheated; asleep--they have been surprised; divided--the yoke has been forced upon them. But what is the lesson?...the people ought to be enlightened, to be awakened, to be united, that after establishing a government they should watch over it....It is universally admitted that a well-instructed people alone can be permanently free." - James Madison

"These principles form the bright constellation which has gone before us and guided our steps through an age of revolution and reformation. The wisdom of our sages and the blood of our heroes have been devoted to their attainment. They should be the creed of our political faith, the text of civic instruction, the touchstone by which to try the services of those we trust; and should we wander from them in moments of error or of alarm, let us hasten to retrace our steps and to regain the road which alone leads to peace, liberty, and safety." - Thomas Jefferson-First Inaugural Statement of Principles of Good Government


2 posted on 10/01/2013 9:51:03 AM PDT by loveliberty2
[ Post Reply | Private Reply | To 1 | View Replies]

To: george76

The Federal reserve is not a part of the government as it is often protrayed, but a privately owned corporation. Further as it not a part of government the Nero comparision is not particularly apt.


3 posted on 10/01/2013 9:58:40 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Durus
The Federal reserve is not a part of the government as it is often protrayed, but a privately owned corporation.

They made $91 billion last year and gave $89 billion to the US Treasury. Private? LOL!

4 posted on 10/01/2013 10:03:36 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: george76

Bookmark


5 posted on 10/01/2013 10:04:49 AM PDT by DocRock (All they that TAKE the sword shall perish with the sword. Matthew 26:52 Gun grabbers beware.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Toddsterpatriot

Oh, FRiend— they didn’t give anything to our Treasury. We are a client state for the private bankers. And they are of course linked internationally in sovereign debt holdings and the “trading” of the same debt instruments.

This is why the “musical chairs” of the EU crises, etc. waiting to see what country (Greece, Cyprus, Ireland, Spain...in the list of instances) get’s left without a chair when the “music” of debt service and electronic subsidy stops.
All smoke and mirrors.


6 posted on 10/01/2013 10:10:37 AM PDT by John S Mosby (Sic Semper Tyrannis)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Durus

Gimme a break! The Fed may be “privately” owned... but it is definitely part of the government (Hmmm??? maybe the government’s also privately owned? But I digress)! And who appoints the Fed chief? Who’s bidding is Bernanke doing???)... government or not, the Fed does monetary policy, and their policies are robbing us everyday by devaluing the dollar and with it our labor... Nero is an amateur compared to Bernanke. Nero actually had to measure the silver and gold to devalue the coins, Bernanke creates billion$ with a few keystrokes... and gives to the “dreaded” 1%, who Obama hates! Such is QE.


7 posted on 10/01/2013 10:13:46 AM PDT by FiddlePig
[ Post Reply | Private Reply | To 3 | View Replies]

To: John S Mosby
Oh, FRiend— they didn’t give anything to our Treasury.

Sure they did. $89 billion.

8 posted on 10/01/2013 10:31:50 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: FiddlePig
Bernanke creates billion$ with a few keystrokes... and gives to the “dreaded” 1%, who Obama hates!

Gives? He buys bonds.

9 posted on 10/01/2013 10:33:34 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: loveliberty2

The treacherous tyrant in the White House, that tall articulate, flap eared Boy must be deposed


10 posted on 10/01/2013 10:42:13 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Toddsterpatriot

Where did that $89 billion come from?


11 posted on 10/01/2013 10:47:05 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Orangedog

Mostly interest on MBS and Treasuries.


12 posted on 10/01/2013 10:48:28 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Toddsterpatriot

And where did the treasury get the money to pay that interest?


13 posted on 10/01/2013 10:50:43 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Toddsterpatriot
The Federal Reserve consists of 12 regional Federal Reserve banks, with boards of Directors, under an umbrella direction of the 7 member Federal Reserve Board (14 year terms appointed by the president with the consent of congress)in Washington, with the power to determine major aspects of banking activity, such as setting interest rates, and the reserve and other operational requirements. There are no shares of the Washington Fed Board organization; the only “ownership” of the Fed is in shares of each of the 12 regional banks which are entirely owned by the private member banks within their respective districts, according to a formula based on their size (they must subscribe to the shares with 3% of their capital plus surplus).

The Federal Reserve System claims to be a non-profit organization that turns over its operating profits to the U.S. Treasury, after all expenses, including the 6% dividend to member banks. This is where you get your numbers from, however it fails to account for the majority of true earnings. Profits coming through the privileged money creation process mainly occurs at the member bank level of operation, and those profits are not turned over to the Treasury. That is, the net earnings from the member banks seigniorage privilege are not turned over to our government but kept by the private member banks. Educated estimates put this between $100-200 billion per year. Further the operating expenses deducted from their official turnover appears to be wildly exorbitant.

If you were to argue that they aren't a corporation I would be forced to concede your point. As a corporation is a legal term of art and they don't actually meet the criteria it was a simplified way to refer to the organization which appears to be in a "special" category. However if you still claim that they are not a private organization answer these questions for me.

What branch of government is the Federal Reserve organized under, Executive, legislative or Judicial? (it isn't)

Does the Federal budget office determine the budget of the Federal Reserve? (no it determines it's own budget with no oversight)

How often does the Government Accountability Office audit the Federal reserve? (it doesn't)

Other than the Chairman, Board, who hires the employees of the Federal Reserve? (The Federal Reserve)

Why are Federal Reserve Employees not part of the US Civil Service System and are not covered by government employees’ health insurance or pension programs? (because they aren't government employees)

14 posted on 10/01/2013 11:09:58 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Orangedog

China.


15 posted on 10/01/2013 11:22:20 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Durus
Profits coming through the privileged money creation process mainly occurs at the member bank level of operation, and those profits are not turned over to the Treasury.

Link?

Educated estimates put this between $100-200 billion per year.

Who made up this "educated estimate"?

What branch of government is the Federal Reserve organized under, Executive, legislative or Judicial? (it isn't)

It was created by Act of Congress. Signed into law by the President. What private company can say the same?

Does the Federal budget office determine the budget of the Federal Reserve?

By law, they're self funded.

16 posted on 10/01/2013 11:29:50 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Toddsterpatriot

A swing and a miss.


17 posted on 10/01/2013 11:31:12 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Orangedog

When you figure out how the Treasury pays interest, be sure to get back to me.


18 posted on 10/01/2013 11:33:46 AM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Toddsterpatriot
What do you want me to link? Something on seigniorage privilege?

Who made up this "educated estimate"?
Many different groups come up with roughly this amount. Use your search engine of choice and look it up.

It was created by Act of Congress. Signed into law by the President. What private company can say the same?
Non sequitur. It doesn't matter if they only created one or many. The fact is they created this one.

By law, they're self funded.
How a budget is funded is not the same thing as determining a budget.

I suspect the reason you are resistant to the simply truth is that it seems so completely irrational. I was the same way, I simply couldn't believe the government would create such boondoggle that in no small part has lead to so many further usupations of power. Do a little research on your own, don't take my word for anything.

19 posted on 10/01/2013 11:46:29 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Toddsterpatriot

When you get enough nickels to rub together to buy a clue, drop me a line. I swear the quality of Fed hacks on this site has declined greatly in recent years.


20 posted on 10/01/2013 11:48:01 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Toddsterpatriot

And where did the other $2B go. Its not like we are talking thousands or hundreds of thousands.

$2B in profit is quite a lot to spread amongst a relative few people.


21 posted on 10/01/2013 11:48:42 AM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Toddsterpatriot

And Mortgaged backed secruities.

Are you a little concerned that the government not only backs a ton of mortgages, but they own them too?


22 posted on 10/01/2013 11:52:00 AM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Toddsterpatriot

And interest paid to them through the treasury for printing our money.


23 posted on 10/01/2013 11:52:28 AM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Durus
What do you want me to link?

Back up for this claim.

Profits coming through the privileged money creation process mainly occurs at the member bank level of operation, and those profits are not turned over to the Treasury.

Many different groups come up with roughly this amount.

A single credible one would be fine.

The fact is they created this one.

Yes, they created an independent agency of government.

24 posted on 10/01/2013 12:08:07 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Vermont Lt
Release Date: January 10, 2013

For immediate release

The Federal Reserve Board on Thursday announced preliminary unaudited results indicating that the Reserve Banks provided for payments of approximately $88.9 billion of their estimated 2012 net income to the U.S. Treasury. Under the Board's policy, the residual earnings of each Federal Reserve Bank are distributed to the U.S. Treasury, after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.

The Federal Reserve Banks’ 2012 estimated net income of $91.0 billion was derived primarily from $80.5 billion in interest income on securities acquired through open market operations (U.S. Treasury securities, federal agency and government-sponsored enterprise (GSE) mortgage-backed securities (MBS), and GSE debt securities). Additional earnings were derived primarily from net realized gains on the sale of U.S. Treasury securities of $13.3 billion, net income of $6.1 billion attributable to the consolidated limited liability companies that were created in response to the financial crisis, and income from services of $450 million, offset by losses of $1.1 billion that result from the daily revaluation of foreign currency denominated asset holdings at current exchange rates. The Reserve Banks had interest expense of $3.9 billion on depository institutions’ reserve balances.

Operating expenses of the Reserve Banks, net of amounts reimbursed by the U.S. Treasury and other entities for services the Reserve Banks provided as fiscal agents, totaled $3.7 billion in 2012. In addition, the Reserve Banks were assessed $1.2 billion for the cost of new currency and Board expenditures, and $387 million to fund the operations of the Bureau of Consumer Financial Protection and Office of Financial Research. In 2012, statutory dividends totaled $1.6 billion and $461 million of net income was used to equate surplus to capital paid-in.

The preliminary unaudited results include valuation adjustments as of September 30 for Term Asset–Backed Securities Loan Facility (TALF) loans and the consolidated limited liability companies. The final results, which will be presented in the Reserve Banks’ annual audited financial statements and the Board of Governors’ Annual Report, will reflect valuation adjustments as of December 31.

The attached chart illustrates the amount of Federal Reserve Banks’ residual earnings distributed to the U.S. Treasury from 2003 through 2012 (estimated).

For media inquiries, call 202-452-2955

http://www.federalreserve.gov/newsevents/press/other/20130110a.htm

25 posted on 10/01/2013 12:11:06 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Vermont Lt
And interest paid to them through the treasury for printing our money.

Why would the Treasury pay them for printing our money?

26 posted on 10/01/2013 12:12:12 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Toddsterpatriot
Back up for this claim.
Are you denying the Fed profits from seigniorage privilege?

A single credible one would be fine.
Glad to hear it. You should be able to easily find one then.

Yes, they created an independent agency of government.

They are not a government agency by any logical objective measure. The Fed itself doesn't even claim to be a government agency but a "non-profit organization" but I don't get anything for convincing you, be secure in either your ignorance or continue to peddle your propaganda.

27 posted on 10/01/2013 12:29:27 PM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Toddsterpatriot

I dont know, you are the expert—you tell me.


28 posted on 10/01/2013 1:18:22 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Toddsterpatriot

I stand corrected. We pay the shareholders of Fed Stock (whoever the hell that is...) 6% dividend annually.

So, in essence, we pay the owners of the member banks a 6% cut of the action.


29 posted on 10/01/2013 1:21:04 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Durus
Are you denying the Fed profits from seigniorage privilege?

Of course not.

and those profits are not turned over to the Treasury.

It's the above portion of your claim I deny.

You should be able to easily find one then.

If you had one, you'd post it.

They are not a government agency by any logical objective measure. The Fed itself doesn't even claim to be a government agency but a "non-profit organization"

The Federal Reserve, like many other central banks, is an independent government agency but also one that is ultimately accountable to the public and the Congress.

http://www.federalreserve.gov/faqs/about_12799.htm

30 posted on 10/01/2013 2:09:47 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Vermont Lt
So, in essence, we pay the owners of the member banks a 6% cut of the action.

The "action" last year was over $90 billion. Dividends were $1.6 billion.

31 posted on 10/01/2013 2:13:10 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Toddsterpatriot

So 1.2 billion to the shareholders is OK? When the treasury did the job well for years?


32 posted on 10/01/2013 2:39:41 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Vermont Lt
So 1.2 billion to the shareholders is OK?

They have about $27 billion of capital in the system, they get 6% a year. That's the law.

When the treasury did the job well for years?

What job?

33 posted on 10/01/2013 2:41:49 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: Toddsterpatriot

Oh, wait...who ran the economy before the Fed?

You have all of the facts. And that’s good. You are the smartest guy in the room.

I guess you are ok with $85 trillion being injected into the economy?

I disagree. So, let’s end it at that.


34 posted on 10/01/2013 3:04:24 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Vermont Lt
The Fed doesn't run the economy.

Your math is off. Sorry about your gold.

35 posted on 10/01/2013 3:17:11 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: Toddsterpatriot

Huh? What gold? My gold is fine. It has to drop a lot more for me to lose sleep.


36 posted on 10/01/2013 3:43:29 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Toddsterpatriot

And you are a free marketer who wishes the government would get off our back. If you support the fed action, you are a Keynesian. Which is almost as bad as a Kenyan.


37 posted on 10/01/2013 3:45:07 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Vermont Lt
It has to drop a lot more for me to lose sleep.

That's a relief, hard to maintain your value when you're down 33% over the last 2 years.

38 posted on 10/01/2013 4:57:22 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 36 | View Replies]

To: Vermont Lt
And you are a free marketer who wishes the government would get off our back.

Yes I am.

If you support the fed action

At this point, I don't think it's helping, don't think it's hurting. They should end it.

you are a Keynesian.

I'd ask you what that has to do with current Fed policy, but I think your answer would make my head hurt.

39 posted on 10/01/2013 4:59:49 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Toddsterpatriot

Operative word— you missed the point— “give” it was NOT given can assure you. This is precisely the relationship that needs to be abolished, as in Andrew Jackson style breaking the “BANK” (it is on his tombstone, btw).

Washington could never have envisioned these kind of “foreign entanglements”, and disregard of US sovereignty.


40 posted on 10/01/2013 5:22:56 PM PDT by John S Mosby (Sic Semper Tyrannis)
[ Post Reply | Private Reply | To 8 | View Replies]

To: John S Mosby
you missed the point— “give” it was NOT given can assure you.

Did the government "take" the $89 billion?

Washington could never have envisioned these kind of “foreign entanglements”, and disregard of US sovereignty.

The Fed is not foreign, so Washington would probably shake his head at your confusion.

41 posted on 10/01/2013 5:26:45 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 40 | View Replies]

To: Toddsterpatriot

Literalism— wonderful trait.

Most assuredly the Fed is a foreign entwined entity (and FRiend if you don’t believe that you must look up the secret funding by the Fed to prop up the European banks— which was not disclosed to the supposed Congress oversight but was exposed by brave leakers-— true patriots). Such great faith in MIT algorithms for derivatives of no intrinsic value and bubbles of funny money and fake exchanges (can you say carbon credits, ala Golden Slacks?).

There are so many eating at the electronic trough (the funny money Wall Street fakirs) who are threatened by the notion that we as a sovereign nation have the capacity to take back our currency by simple leadership and patriotic will of the people, that it is a pitiful echo chamber— a bandarlog. A page from Nero’s history, indeed.

When this has been done in the past these threatened parties attempted to murder the leadership, and some say— did murder one leader.

Washington would understand me quite well, just as he understood Hamilton (who also understood the need for sovereign control and the potential for a shadow govt. even as he worked to repay our Revolutionary debt). The charter of the Fed is set to expire on December 23 of this year— and the dance, threats, fears and frauds are ratcheting up. Think of the beauty of not renewing it.


42 posted on 10/01/2013 5:55:13 PM PDT by John S Mosby (Sic Semper Tyrannis)
[ Post Reply | Private Reply | To 41 | View Replies]

To: george76

bump


43 posted on 10/01/2013 5:57:28 PM PDT by Cooter
[ Post Reply | Private Reply | To 1 | View Replies]

To: John S Mosby; expat_panama
The charter of the Fed is set to expire on December 23 of this year

You crack me up.

44 posted on 10/01/2013 6:11:48 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 42 | View Replies]

To: Toddsterpatriot
It's the above portion of your claim I deny.

I don't care if you deny it, it's cold hard math.

If you had one, you'd post it.

Why bother, your mind is made up. If you had an iota of intelltual curiosity you would have looked it up yourself and wouldn't have bothered to keep arguing a case where you are clearly mistaken.

The Federal Reserve, like many other central banks, is an independent government agency but also one that is ultimately accountable to the public and the Congress.

An independent government agency although it's employees are not considered government employees? A government agency that isn't in the government's register of government agencies? That isn't audited by the same group that audits all other agencies? That doesn't have budgets approved like all other government agencies? One free from the same oversight as any other government agency? At a certain point their "independence" determines that they are a private organization as their ownership clearly indicates.

The very web sight you link states quite clearly their ownership. Is there some other government agency that is owned by someone other than the government?

I guess I should just listen to them and their "independent government agency" explanation rather than my own lying eyes.

45 posted on 10/01/2013 6:41:38 PM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Toddsterpatriot

So do you, bubba.

http://online.wsj.com/article/SB10001424052970204464404577118682763082876.html

Know all about the McFadden Act of 1927, in which the charter was amended from 20 years to indefinite(the 1864 National Bank Act limited all national banks charters)—the “right to amend, alter or repeal the Act” is reserved. That is to say-it can be repealed. Only, who has the sand.

A dead serious crackup of the political bandarlog is at hand, and welcomed by true patriots. Many other forms of currency of greater value in any case.


46 posted on 10/01/2013 6:45:47 PM PDT by John S Mosby (Sic Semper Tyrannis)
[ Post Reply | Private Reply | To 44 | View Replies]

To: Toddsterpatriot; 1010RD; Wyatt's Torch
The charter of the Fed is set to expire on December 23 of this year           You crack me up.

The article's priceless too---

  1. Obama’s average USD (US Dollar Index) is the lowest in Presidential history at $79.52
  2. Obama’s average Oil price (Brent Oil) is the highest in Presidential history at $102.01/barrel

Like, we're talking about fact-sheets straight out of Bizarro word...


47 posted on 10/01/2013 6:46:57 PM PDT by expat_panama
[ Post Reply | Private Reply | To 44 | View Replies]

To: John S Mosby
Know all about the McFadden Act of 1927, in which the charter was amended from 20 years to indefinite

Is that why you said, "The charter of the Fed is set to expire on December 23 of this year"?

LOL!

48 posted on 10/01/2013 7:02:17 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Durus
I don't care if you deny it, it's cold hard math.

Right. You just can't show me.

Why bother, your mind is made up.

I know, why bother proving your ridiculous claim?

If you had an iota of intelltual curiosity you would have looked it up yourself

I have tons of curiosity, just no time to figure out what idiotic conspiracy site gave you that fake tidbit of info.

An independent government agency although it's employees are not considered government employees?

Yup. Except according to this, Fed employees can enroll in the Federal Employees Health Benefits Program. You can check for yourself, at the .gov website I linked.

The very web sight you link states quite clearly their ownership.

Sure did, government agency.

49 posted on 10/01/2013 7:21:55 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 45 | View Replies]

To: Toddsterpatriot

Cause some say it, and some intend it to happen— in circles of power so to say (and know).
100 years from 1913 and what Wilson handed us-— the shite sandwich from Jekyll.
Your rice bowl? Welcome to Ukraine 1933. Buy when the blood runs in the street. And have a bugout kit ready.


50 posted on 10/01/2013 7:22:12 PM PDT by John S Mosby (Sic Semper Tyrannis)
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-83 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson