Posted on 08/07/2022 9:18:04 AM PDT by PK1991
We need to end the Fed not audit the FED. The federal reserve has usurped its power. We don't need a federal reserve owned by the fat cats on Wall Street but one owned by the American people. It's the biggest scam they have.
We need to return control of the money supply to the loyal and fiscally responsible people in the Treasury and Congress. Once we find some.
Here is the raw truth and too few realize it or think about what it means.....
There is NO public service left in our government when it comes to economics. Go back and look yourself. There is a revolving door from “private banks” like Goldman Sachs, JP Morgan, etc, into “public service” as undersecretary or secretary of Treasury or other government position, and some even go in and out of the Fed, but they always end back up with the banksters and their stock options along with higher salaries after regulating their new employers.
Good work if you can get it.
Who do they serve if they do a few years “regulating” the big banks from which they came when they return to those very banks within weeks with a higher salary and more stock options?
Gold and Silver Standards, Yes.
Federal Reserve Act of 1913
16th Amendment
The two above are joined at the hip.
The 16th Amendment scam was sold as a 7% tax on the 1% wealthy.
All else taxed at 1% only, on profits only.
Federal Reserve Act allowed persons who ran big bank enterprises to operate as a concessionaire to print Dollars. US Mint still coined dollars, gold and silver.
1971, Gold Standard bye-bye.
After more than 10 decades of banker bulls**t and 5 decades of unrestrained dollar printing, the original 1913 sales pitch, its arrangement and purposes are unrecognizable. The corruption is everywhere.
Americans are not gullible or stupid. They’re just busy doing other things while their so-called elected representatives are writing seemingly well-intentioned BS bills to make themselves rich from money printing.
Now however, political scheisters have shown their hand. The elections are rigged to maintain a permanent ruling class and aristocracy, bought and paid for by money printing and clever diversions.
Americans are now paying attention and are pissed that their time is required to prepare for major ass-kicking.
That’s the history all are facing . It’s not pretty. And it’s only in the beginning stage.
Can not have gold backed currency. It will limit expansion of economy. Because gold quantity is limited. Paper and ink are more easily available.
Those have their issues as well.
Yeah, if you store cash in your mattress for 100 years it’s horrible.
But if you are doing business and need a stable currency that doesn’t fluctuate up and down 20% a year like it did during the gold standard, then the Fed has done an outstanding job.
And again, Congress can borrow trillions of dollars on a gold standard and promise your kids will repay it in gold. The Fed neither prevents nor enables Congress to borrow. All Congress has to do is pass legislation to borrow whatever they want no matter how stupid.
And again I remind you that under the gold standard, Congress devalued our currency several times.
If Congress borrows Trillions, where do those trillions come from, from whom to they borrow it from ??
The Government certainly doesn’t bring in thru taxes all the money they spend each year.
The money is literally created out of thin air by the Federal Reserve, and this considered a stable money supply.
All they have to do is print treasury notes and bonds and sell them on the open market. That’s the Treasury Dept, not the Federal Reserve, and Congress gives them authorization to do so.
Borrowing has nothing to do with the FED, unless the FED decides to purchase notes and bonds for it’s own accounts.
And if the FED does that, then the interest it collects from the government goes back to the Treasury. In fact all profit that the Federal Reserve makes in excess of it’s expenses goes back to the Treasury.
The links below will give you a start at understanding this. Dig into the ownership and control of the Federal Reserve system. Who makes up the Board of directors, etc, and it will become apparent that the book "creature from Jekyll island" is hogwash.
The second link below, has links to 10 different myths promoted by the book, each of which is debunked in turn.
The current Federal Reserve balance sheet has about 9 trillion in assets, I wonder they got the 9 trillion to acquire these assets.
I guess the 80-100 billion a month the Federal Reserve is buying in US Treasuries is an open market transaction.
We’ll just have to agree to disagree, to me the Federal Reserve is a bank cartel meant to privatize the profits of the banks and socialize the loses on the backs of the public.
Believe what you want, for some reason I can’t trust an organization that has as its motto.
“Researching the Right for Progressive Changemakers”, it sounds a lot like the Jan 6 commission.
Okay, but look a little close at the author too, if you’re not willing to look into the facts about the control of the Federal Reserve.
From Wikipedia:
George Edward Griffin (born November 7, 1931) is an American author, filmmaker, and conspiracy theorist. Griffin’s writings promote a number of right-wing views and conspiracy theories regarding various of his political, defense and health care interests. In his book World Without Cancer, he argued in favor of a pseudo-scientific theory that asserted cancer to be a nutritional deficiency curable by consuming amygdalin.[1][2][3] He is the author of The Creature from Jekyll Island (1994),[1] which advances debunked conspiracy theories[4] about the Federal Reserve System. He is an HIV/AIDS denialist, supports the 9/11 Truth movement, and supports the specific John F. Kennedy assassination conspiracy theory that Oswald was not the assassin.[1] He also believes that the Biblical Noah’s Ark is located at the Durupınar site in Turkey.[5]
First you give me an organization with “Researching the Right for Progressive Changemakers” as a credible source then you give me Wikipedia..Nah, I’ll pass.
When I search the Federal Reserve site for motto, all I get is "In God we Trust".
A lot of questions about the Federal Reserve can be found at the Federal Reserve site, including their independently audited financial statements which I posted a link to earlier on this thread.
Oh I see, that motto is on the PublicEye.org site.
Regardless of where they were hosted, Professor Edward Flaherty’s refutations are easily verified.
Clicked on the first link you provided about the myth of the how the Federal Reserve was created.
http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html
Right at the top of the page, it says Political Research Associates, “Researching the Right for Progressive Changemakers”, clicked on a couple of more read the same headline and decided I had seen enough.
BTW, this argument is pointless, no matter how much you try you won’t change my mind, we will just have to agree to disagree, to me the Federal Reserve is a banking cartel meant to protect banks at the expense of the public and nothing I say will change your mind so it’s pointless.
So what does a Fed owned by the American people look like?
Bannon’s the Prince of populist rhetoric but doesn’t care what comes once things are burned down.
Here are some thoughts from the Heritage Foundation and a summary of why the FED is a failure: “Even when the disastrous interwar period is excluded, updated data suggest that the average length of recessions, as well as the average time to recover from recessions, has been slightly longer in the post-WWII era than in the pre-Fed era.[7] Furthermore, while the variability in inflation declined after 1977, when the Fed received a formal price stability mandate, the average rate of inflation increased.[8] In the post-WWII era, the long-term purchasing power of the dollar has declined, the U.S. price level has become more difficult to forecast, and the benign deflation that arises from improved productivity has all but disappeared.[9]”
Short of completely ending the FED, however.
https://www.heritage.org/report/the-fed-needs-reform-six-changes-monetary-policy
None of which even attempt to answer the question of what comes after?
And here is a website just on the topic the proposes a replacement. https://replacethefed.com/
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