http://www.jekyllislandproductions.com/rothschild.html
Poor Bernanke doesn't really have a life, and he only makes about 200K a year. :)
Posted on 12/24/2013 1:45:23 PM PST by Errant
The Democratic Party gained prominence in the first half of the nineteenth century as being the party that opposed the Second Bank of the United States. In the process, it tapped into an anti-state sentiment that proved so strong that we wouldn't see another like it until the next century.
Its adversaries were Whig politicians who defended the bank and its ability to grow the government and their own personal fortunes at the same time. They were, in fact, quite open about these arrangements. It was considered standard-operating procedure for Whig representatives to receive monetary compensation for their support of the Bank when leaving Congress. The Whig Daniel Webster even expected annual payments while in Congress. Once he complained to the Bank of the United States President Nicholas Biddle, “I believe my retainer has not been renewed or refreshed as usual. If it be wished that my relation to the Bank should be continued, it may be well to send me my usual retainer.”
(Excerpt) Read more at marketoracle.co.uk ...
“The Fed” is Capo di tutti capi
http://en.wikipedia.org/wiki/Capo_di_tutti_capi
The banksters (like Citi and JPM) work under the rule of the supreme bankster. Which is the NY Federal Reserve
I'd like to say that it will all come out in the end. Then I remember we were told the end from the beginning.
I didn’t mean to sound discouraging Sorry about that. We truly live in “ interesting times” as per the ancient Chinese curse. But we also live for hope. Thanks.
Bookmark.
http://www.jekyllislandproductions.com/rothschild.html
Poor Bernanke doesn't really have a life, and he only makes about 200K a year. :)
Just remember to return the favor someday. ;)
Now that’s a read! I always wondered where and how they lived. Now I’m PO’d that we are just peons to them. Thanks for the link.
I don’t know how many estates they own, but it’s a lot of them and in many different countries.
I saw all I needed to see on Jekyll Island with their “summer cottages”. Those were mansions and still are.
Such wealth is enviable but the evil deeds to keep it are just unforgivable.
#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created
But we did have a problem with persistent, ongoing fluctuations in prices, both up and down, much larger than the fluctuations since the Fed.
#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.
The banks pay massive taxes to the Federal government. Not sure how the Fed transfers money in the other direction.
#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the “dotcom bubble”
The Internet created the “dotcom bubble”
#20 The Federal Reserve is supposed to “regulate” the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives bubble from inflating which could absolutely devastate our entire financial system.
How?
#21 The Federal Reserve was designed to be a perpetual debt machine.
LOL!
#22 The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.
We need to spend less, a lot less.
#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing it?
Because Congress created them to do that.
#25 There are plenty of possible alternative financial systems
Such as?????
but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence?
A lender of last resort is very useful. Why is that bizarre?
The great depression was a pretty significant fluctuation! IMO, we trade natural market fluctuations for artificial easing until disaster in the end. When we let the markets seek value, the free market clears out that which would otherwise lead to eventually much worse problems/disaster down the road.
The banks pay massive taxes to the Federal government. Not sure how the Fed transfers money in the other direction.
I don't know either, but I'm starting to see them as "bagmen" for the big banks and the powerful elite. Not just the Fed, but all central banks in 187 countries. There are many many ways the rich and powerful benefit. Just a few basis points of spread on any of the large FOREX exchanges means billions daily to those who have an inside track.
The Internet created the “dotcom bubble”
Agree, anything new takes time to work out the expectations vs. reality.
#20 The Federal Reserve is supposed to “regulate” the big banks...
Right
#21 The Federal Reserve was designed to be a perpetual debt machine.
The Fed was designed to be a integral part of the "machine"; an agent assigned to look after the dirtier needs of the state, IMO.
We need to spend less, a lot less.
For real!
Because Congress created them to do that.
Yep, but that doesn't let Congress off the hook from failing to do their Constitutional duty by creating an unconstitutional entity.
Such as?????
Such as removing the financial system away from the central government and into the hands of the people like speech, religion, and self-defense.
A lender of last resort is very useful. Why is that bizarre?
Because, just as we're seeing now, it becomes the all powerful lender, destroying all others, and the people dependent upon it for their very survival. In the end, its inefficiency through centralized control and bungling causes the ugly destruction of both itself and that of any society which grows to depend upon it to remove "the pain", like drug addiction.
What we're seeing now has happened time and time again throughout the history of man. The cycle is repeating again but this time on a worldwide scale.
I didn't say it was a "perfect" article. :)
Yes it was. Panics like that used to occur every 20 years or so, pre-Fed.
I don't know either, but I'm starting to see them as "bagmen" for the big banks and the powerful elite.
Not sure what you mean. The Fed is currently earning 10s of billions that would have been earned by the banks, absent QE.
Just a few basis points of spread on any of the large FOREX exchanges means billions daily to those who have an inside track.
Inside track? You mean like when Citibank trades with JPMorgan, and one profits, one loses?
#20 The Federal Reserve is supposed to “regulate” the big banks...
Right
The Fed regulates the banks, now more than ever.
Yep, but that doesn't let Congress off the hook from failing to do their Constitutional duty by creating an unconstitutional entity.
What makes you think the Fed is "an unconstitutional entity"?
Because, just as we're seeing now, it becomes the all powerful lender, destroying all others,
Which lenders did the Fed destroy?
What we're seeing now has happened time and time again throughout the history of man. The cycle is repeating again but this time on a worldwide scale.
Yes, cycles before the Fed, cycles after the Fed.
I didn't say it was a "perfect" article. :)
Like most such articles, a few facts and many, many errors.
I thought that was behind the whole idea to have a central bank (i.e., to prevent the "Panics"). So after implementation of the Fed, we have both panics and currency debasement - a twofer!
It's nothing personal against the Fed, the reserve system, or the people it employs. It's something that was tried and found not to work as we see from the trouble we've gotten into. Don't go putting all blame on the exec or legislature either. The creation of the Fed allowed them to get away with even more excess.
It's past time to fix the problem. I believe that starts with moving the power back into the hands of "We The People" and not central government or a central bank. If you believe otherwise, state your reason, don't just focus on defending the Fed at every opportunity. There is more at stake here than just the Fed - like our countries existence. If the country goes, everything goes - literally!
Not sure what you mean. The Fed is currently earning 10s of billions that would have been earned by the banks, absent QE.
Exactly, you make my point. They're "bagmen". They make it easier for the government to pull even more money out of the economy and waste it on what the central government deems necessary, like abortion, free housing, cell phones, social engineering, and etc. And now that the government has exceed what the system can produce under the "old rules" it's twisted the arm of the Fed to QE. Some much for the independence the Fed was suppose to provide.
Inside track? You mean like when Citibank trades with JPMorgan, and one profits, one loses?
Start there, if you like, then move on up to the "East Side":
What makes you think the Fed is "an unconstitutional entity"?
More important, I'm not the only one that thinks that. But that's just a defensive diversion. Let's stick with the "big picture", please.
Which lenders did the Fed destroy?
The small town banks - an ongoing process, in conjunction with increased regulation and big bank collaboration.
Yes, cycles before the Fed, cycles after the Fed.
Ok, so you yourself now admit that the implementation of the Federal Reserve system didn't solve the very problem it was implemented for in the first place to prevent. Again, you make my point. :)
Like most such articles, a few facts and many, many errors.
As I've already stated, I haven't seen any article or any person that had ALL of the answers.
It's convoluted, twisted, and hidden, for a reason. There is only one way to fix it once it crashes. Start over with a new foundation and a better design that moves the power back securely into the hands of the people, and out of the hands of a central government. The founders knew that and fought hard against the establishment of a central bank.
How many Panics from 1813-1913? From 1913-2013?
It's something that was tried and found not to work
What exactly was found not to work?
I believe that starts with moving the power back into the hands of "We The People" and not central government or a central bank.
What power?
Exactly, you make my point. They're "bagmen". They make it easier for the government to pull even more money out of the economy and waste it on what the central government deems necessary,
I thought you said they were bagmen for the banks?
Start there, if you like, then move on up to the "East Side":
Still waiting for you to explain the inside track as it relates to FX trades.
Thanks for the picture. Not sure what a house owned by the National Trust proves........
More important, I'm not the only one that thinks that.
You're not, but why?
The small town banks - an ongoing process, in conjunction with increased regulation and big bank collaboration.
Yup, we've been losing small town banks since the country was born. Not sure you can blame the Fed for that.
Ok, so you yourself now admit that the implementation of the Federal Reserve system didn't solve the very problem it was implemented for in the first place to prevent.
The Fed can't stop the business cycle and shouldn't try. They have helped reduce the number and severity of downturns.
It's convoluted, twisted, and hidden, for a reason.
What is hidden?
The founders knew that and fought hard against the establishment of a central bank.
The Founders who created a Central Bank in 1791? Signed into law by George Washington? Those Founders?
Including at least one on this thread. lol
So when I say something about our nation being ripped off 3% per year I'm a whiner, but the founding fathers can start a revolution over less monetarily that's OK. Just another inconsistency from you.
Thanks for your work, Errant.
National Trust? lol
Should Congress create an agency to pass a budget? To declare war? To pass all other legislation?
Ditto. I’m just trying to further my knowledge and figure out what is and has been going down since its inception. Not liking what I’m learning either.
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