The Emerging Global Fed

The New American ^ | 09-21-2010 | Staff Writers

[ex-Texan]

The Federal Reserve has been a nightmare for the American people. It inflates the money supply, thereby devaluing already-existing money and placing a massive hidden tax on the people via rising prices. * * * The Fed also causes the boom-and-bust cycle through its manipulations of the currency and credit supply. * * *"

In short, Greenspan and Bernanke ought to be arrested on sight for being reckless fools and traitors. But the will never happen Why ___ ? Because the NWO banking cartel that owns the private corporation that is the Fed runs the show to make excessive profits out of currency manipulation. They also own private hedge funds that pay $$$$ Millions in campaign bribes to our corrupt elected officials. Everybody is on the take in DC. Greedy insiders get richer while the masses get poorer.

My mystery here. Just business as usual . . .

[ex-Texan]

* Ping* !

[Palter]

[SatinDoll]

Hi C-7!

What’s your opinion of the views expressed in this article?

And the “NWO banking cartel” mentioned by the poster, that supposedly owns the private corporation that is the Fed and runs the show to make excessive profits out of currency manipulation, is that all factual or innuendo?

I know that Soros is a currency manipulator, but the Federal Reserve?

[the invisib1e hand]

My favorite blog was on this a long time ago, here, for example, and here, for another.

[arthurus]

a massive hidden tax on the people via rising prices

The "hidden tax" is more direct than that. The government takes from you the value of your money instantly to itself. By, say, doubling the money supply the government directly takes value from the owners of money. If I have $1000 and the government has $1000 for a total of $2000 (the money supply) and the government doubles the money supply then I will still have $1000 and the government will have $3000. Alas, my $1000 will only buy half as much as it would before the doubling. The government's $3000 will now now buy 1 and 1/2 times what it could buy before. It has transferred half of the value of my money to itself without "raising taxes" or passing any law. It just scooped up half my assets and didn't even say "thanks."

[arthurus]

Consider that all of the financial and economics people in the government have come from the financial/banking industry and specifically from Goldman-Sachs for the last four administrations at least. There may be an exception or two but I can’t find any.

[SatinDoll]

...”all of the financial and economics people in the government have come from...Goldman-Sachs for the last four administrations...”

That I knew. And it stinks to high-heaven. Following the econimic terror attack in October 2008, Goldman-Sachs benefitted enormously from the above placement of its former(?) employees withing government agencies.

The idea of a Global Fed scares me, not so much the idea but the fact that the United Nations, also once a ‘good idea’ has turned into a means to punish successful nations who value hard work and liberty.

Too many nations in our world have stupid people making up their populations. Stupid people who believe the communist/mulsim lies that the successful owe the failures wealth.

[SatinDoll]

“...Following the econimic terror attack...”

Should read, “...Following the economic terror attack...”

[Toddsterpatriot]

It serves as the government’s partner in perpetually expanding the “welfare-warfare state,” allowing the state to spend far more than it could ever hope to reasonably raise through direct taxation.

Huh? The idiots in Congress don't need any help from the Fed to spend our children into the poorhouse.

And of course, the fact that all Federal Reserve notes enter the economy as debt with interest attached (but never created)

That's funny! The $20s in my wallet don't have any interest attached. Who do you pay for your $20s? Where do you mail the interest check?

has led to a situation where it is literally mathematically impossible to pay off the debt.

Impossible to pay off which debt?

If you thought the Fed handing out trillions of dollars to the big banks and other insiders was bad

When did the Fed do that?

Allowing the emerging global government to supply its own money

The emerging global government? LOL!

[Toddsterpatriot]

the Fed and runs the show to make excessive profits out of currency manipulation

Why does the Fed need to manipulate currency? Why does the Fed need to make a profit?

[Toddsterpatriot]

By, say, doubling the money supply the government directly takes value from the owners of money.

If the money supply doubles, what makes you think the government gets the value?

[Toddsterpatriot]

“...Following the economic terror attack...”

What are you talking about?

[SatinDoll]

“Why does the Fed need to manipulate currency? Why does the Fed need to make a profit?”

I don’t know. That is why I was aking for someone to clarify THAT statement, or explain it in simple terms.

[Toddsterpatriot]

Sounds like silly statements from someone who has no clue.

[SatinDoll]

Oh! So you know all about the Federal Reserve? Good.

Why do we need a Federal Reserve, and what do they do that is so important?

[Toddsterpatriot]

Why do we need a Federal Reserve, and what do they do that is so important?

They're the lender of last resort.

[SatinDoll]

Where does it say in the U.S.Constitution that the Federal Government has the power to lend money?

[Toddsterpatriot]

Where does it say in the U.S.Constitution that the Federal Government has the power to lend money?

Article I, Section 8.

[Quix]

THX THX.