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Posted on 12/01/2009 1:15:22 PM PST by rabscuttle385
Yeah, put Barney Frank and Chris Dodd in charge of the Fed, there won't be any inflation. LOL!
We don’t want politicians running that financial show.
We don’t want any governmental, quasi-governmental, or NGO running that financial show.
We don’t want a central bank!
We are trying to get all these bums thrown out!
What’s so difficult about all this for these people to understand?
CA....
“We don’t want politicians running that financial show.”
But that is what you get with this Democrat-co-sponsored bill that puts more control of monetary policy into the hands of Congress.
Law of Unintended Consquences applies, even with stuff that Ron Paul supports.
“We don’t want a central bank!”
The Audit the Fed bill cosponsored by Democrat Grayson keeps the central bank.
“We don’t want any governmental, quasi-governmental, or NGO running that financial show.”
Fine. How will you define the unit of money and regulate/manage the monetary supply? You have 3 choices:
1 private sector banks do it (”laissez faire”)
2 independent govt-chartered institution (”The Fed”)
3 Political appointees (aka hacks, “3rd world/Argentina”)
There is no choice #4. And choice #1 would get fewer than a dozen votes in Congress ... if that.
“We are trying to get all these bums thrown out!”
- and who and what will you replace them with?
“What’s so difficult about all this for these people to understand?”
That you havent grasped what was expressed by The Who in the song “Wont get fooled again” ....
“Meet the New Boss, Same as the old boss”
Let’s Audit the Fed, and open things up, but let’s not get fooled into thinking the Congressional clowns are better handler of money than the Fed gnomes. Congress is far LESS responsible than the Fed in so many ways. Dont trust them!
I was responding directly to your comment ....[The theft is the wasteful spending, that's Congress again, not the Fed]
that the theft was occuring via Congress and not the Fed. My point that the Fed is still guilty of theft through inflation and loose monetary policy remains.
You're an apologist for the Fed, we get it. Stop trying to obfuscate the discussion. Congress is corrupt and the Fed is corrupt. Yes, putting Bwaney Fwank and Dodd in charge of the Fed would be a disaster. However, the Fed still needs to be audited. Continuing to ignore the problem and pretending the problem doesn't exist is even more disasterous.... its not one of those things that goes away on its own. There is more than one set of hands in the taxppayer's pocket.
The Fed steals your money thru inflation? Where do they put it after they steal it? How does the Fed benefit from inflation?
Yes, putting Bwaney Fwank and Dodd in charge of the Fed would be a disaster.
Excellent!
However, the Fed still needs to be audited.
What do you feel is so important that a new audit will show that current audits and releases do not show?
Calling you out on your ridiculous claim of having a PhD is an insult?
I agree. DO NOT give government control of the money supply and the banks. They belong to US. The Free citizens of this disaster of a country. The Fed is free and independent. Leave it alone but demand that people of character occupy those positions of power. Screw the broken Federal government. it didn’t work and it needs to be replaced by a more efficient and SUBSERVIENT model.
I learned something from that post. Thanks!
If you think this is a good idea, I can create my own currency called widgets. I will draw them on a piece of paper and create them from nothing of value. I will then loan them to you at an interest rate I determine. You can then exchange them for things of value, but you will also have to pay some back to me as a fee. Its kinda like buying bottled water that makes you thirstier as you drink.
Since its inception in 1913, the Federal Reserve has devalued the dollar 95%. 95% in about 95 years. What do you feel is so important that a new audit will show that current audits and releases do not show? The Fed has NEVER had a full audit.
This is who owns the Fed --
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York
http://www.apfn.org/apfn/fed_reserve.htm
Hmmmmmmmm Goldman Sachs gave just under $1million to 0 in campaign contributions, making them the second largest contributor.... CitiGroup and JP Morgan were 6th and 7th (JP Morgan Chase hey, weren't they one of the receipients in that whole $25billion TARP thing?)
Lehman Brothers execs contributed over $395,000 to 0.... now where have we heard about Lehman Brothers and Goldman Sachs before?
The reality of your PhD in economics? LOL!
Private? Really? How much is their profit every year? Who gets it?
can intentionally enact measures to ensure (or attempt to ensure) inflation in order to profit.
You claimed that before. How do they benefit from inflation?
It also prints money through the Treasury, buys the debt, circulates it through the economy
Yes, they buy debt to increase the money supply.
and charges WE the PEOPLE (read taxpayers) interest....Yes, the Fed buys US debt with money they printed from nothing and then charges taxpayers interest.
Yes, when the taxpayers issue debt, the taxpayers get charged interest. Let me know if you ever figure out who gets all that interest the Fed makes.
What do you feel is so important that a new audit will show that current audits and releases do not show?
The Fed has NEVER had a full audit.
That's AWFUL. What do you feel is so important that a new audit will show that current audits and releases do not show?
This is who owns the Fed --
LOL! The big phony list of Jooooooooo banks.
Feel free to show your third choice.
the American people are going grow a pair and swear off subservience to the banksters, their filthy fiat money system and the fractional reserve debt slavery
Yeah, that whole depositing money in the bank and getting loans from the bank is going to end any minute.
I’d love to see one of those dollar value charts from 2008 on since all of these bailouts.
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