Posted on 05/16/2009 7:32:48 AM PDT by Jumpmaster
http://www.govtrack.us/congress/bill.xpd?bill=h111-1207
“A private Fed runs the Public good supposedly, Fed hides AIG counterparties payments in secret, inccestuous relationships between Wall Street”
Can’t spell, and can’t conjugate grammar at all.
Looks like an idiot.
“Bob Chapman” probably a pseudonym. English is either the second language here, or it’s actually someone trying to discredit the points of view it is espousing.
The whole monster that is “Fedzilla” needs to be put down.
“These miscreatants”
There is a lot to be said about this subject, but I would prefer it was said at something above a 3rd grade level.
“get rid of fed & purge the system”
yeah, why don’t we invent flying rocket cars that run on sunshine at the same time.
I don’t think it is the Fed that is the problem so much as Congress. The Fed was simply trying to neutralize the inflow of money into the real estate market by increasing the supply faster, so that more money would be available to other sectors of the economy. It was Congress that passed the laws and policies that caused the money to gravitate to the real estate sector in the first place. If Congress had not turned the real estate sector into a monetary black hole, the Fed would have been able to keep the rest of the economy going without a rapid growth rate in the money supply.
Actually, it's the people that own the Fed that are the problem.
The Fed is a privately-owned bank.
*“Bob Chapman” probably a pseudonym.*
For what, Alex Jones?
Doesn’t write very well and doesn’t know how to use spell-check, but he is dead in IMHO.
Also by Bob;
Sunday, May 3, 2009
The Economy will collapse Bob Chapman
Get out of the Stock Market and Bond Market now ..it is a bubble waiting to burst...
In The Direction Of The Economy Is Not Going To Change international forecaster Bob Chapman writes:
These market gyrations will continue until the markets can no longer be floated on a cloud of hot air created by the combined forked-tongued exhalations of elitist bootlickers, Obama, Bernanke and Geithner, as they pathologically lie about so-called signs of recovery to draw sheople-sucker-dupe herds back into the meat (stock) markets for a fresh new slaughter. Roast mutton anyone? Even the media morons sound as if they are both stunned and stupefied as the markets continue to hold against the worst economic news in our history, with a potential pandemic thrown in for good measure.
They are calling this new phenomenon the “see no evil, hear no evil, speak no evil” stock markets, which is really just the next iteration of what we have called the Goldilocks Matrix in many past issues of the IF.
It is only a matter of time before this market rally come to a grinding halt and the bear returns. The fundamentals of our economy continue to deteriorate, albeit at a slower pace, so any rally in the financial markets is simply unsustainable. Trillions of dollars in personal wealth have been vaporized in the last 18 months, with much more pain to come.
he is dead in your opinion?
“These market gyrations will continue until the markets can no longer be floated on a cloud of hot air created by the combined forked-tongued exhalations of elitist bootlickers, Obama, Bernanke and Geithner, as they pathologically lie about so-called signs of recovery to draw sheople-sucker-dupe herds back into the meat (stock) markets for a fresh new slaughter”
I sure hope everyone here can see how childish that all is.
It reads like a leftarded site. No actual facts or information, just “they bad” repeated over & over again.
Now, they may very well be bad, but it requires actual details to make that point, not just alexjonesish babble.
The Fed needs tore out by the roots.
The Federal Reserve must be terminated at all costs.
The fractional reserve banking system is ruining this nation. For every $100.00 you deposit, banks are allowed to loan out $1000.00. The treasury has to print money to keep up with this and that causes inflation. We should not go back onto a gold standard, all of the gold is in Europe.
U.S.[gov't] housing policies are the root cause of the current financial crisis. Other players--greedy investment bankers; incompetent rating agencies; irresponsible housing speculators; shortsighted homeowners; and predatory mortgage brokers, lenders, and borrowers--all played a [minor] part, but they were only following the economic incentives that [flawed] government policy laid out for them. If we are really serious about preventing a recurrence of this crisis, rather than increasing the power of government over the economy, our first order of business should be to correct the destructive housing policies of the U.S. government [starting with Jimmuh's CRA].
[my 'enhancements']...more at AmericanSpectator
Article 1 section 8 clause 5 of the United States constitution states Congress has the power to:
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures...”
Not that I would want to give this power to our current congress. We need to kick these idiots out of office first. They are puppets for the privately owned fed.
“Now, they may very well be bad, but it requires actual details to make that point, not just alexjonesish babble.”
Maybe there should be some “actual details to make that point” out to be wrong...an opinion needs no details...snark it up all you want about misspelling, typos and grammar, but your opinion is just that...I see no “actual details” to make your point...I just see your opinion...
True, AIG the true black hole of space and time.
Bingo. He goes on to make some good points, only if you can make it past the twisted syntax. Big fail, loses credibility. Too bad.
“The Fed is a privately-owned bank.”
You hear folks say that all the time, but it’s a misleading statement at best. In order to be a national bank, you’ve got to be a member of the federal reserve, and that requires (legally) that stock in the federal reserve be issued to you. But it’s just a legal membership requirement. The Fed is actually controlled by the federal government, and your ownership of stock gives you no rights, except the right to be a national bank.
It’s a point that somewhat dovetails with what we are seeing in the rest of industry right now. The liberals say that they are not in favor of socialism. They define socialism very narrowly. Socialism, they say, is when the government “owns” the means of production. They claim that the government does not “own” the means of production under Obama.
What they don’t acknowledge is that the right of control IS ownership, and the government does control the means of production, either directly in a lot of industries under Obama, or through general regulations to which the private entrepreneurs must adhere.
Capitalism doesn’t work and isn’t really capitalism unless the entrepreneur controls the means of production, irrespective whether there is some law that says they “own” it. Ownership has no substance if you don’t control it.
Like Obama socialism, the “owners” of the Fed do not control it, so its really nothing but a sham that disguises government control. In the case of the Fed, the powers that be really don’t do much to disguise government control, even. The politicians pretty much admit that the government is in charge, and not the member banks.
It is somewhat interesting in that respect because it’s basically the same Obama brand of socialism that applies generally to the economy, yet, in one case, they admit it, and in the other they deny it.
OK, why is the Fed privately-owned?
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