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 ...
Ripping off the whole country. You enjoy the slavery though.
The difference between tax policy and monetary policy is semantics? LOL!
You'd rather argue semantics than points because you know you lost.
Get a dictionary and come back. I'll keep pointing out your errors.
Yeah, let's argue the meaning of "is".
Who stays there?
I think you're missing the point. The purpose of the Fed slavocracy is to avert wild swings in the economy. The Great Depression was the wildest swing ever. So if the Fed failed and continues to fail, then why do we continue to be their slaves to the tune of 3% target per year? We were better off before.
Earlier you said that we were still under the gold standard in the Great Depression, then you contrasted the year 1913 as the year the Fed took over from the Gold Standard. So which is it? When did the Fed era begin? If not at 1913, then why have it steal 3% from us every year?
Wow, a wild day. My finger is on the trigger of my 401k. lol
Jan 14. hmmm
That’s weird, not sure what it means.
His (da Fed's) actions haven't exactly been a model for success either:
Did we have a deflationary depression, like in the 1930s? Looks like his actions worked.
Velocity isn't a very useful measurement.
And have you seen the overlays of today's market with the market prior to the Crash of '29? It's eerily similar.
If you feel we're going to crash, you should buy some far-out-of-the-money, long-dated puts.
I could explain the difference between 12,871 (July 2, 2012) and 16,576 (December 31, 2013) 18 months, 28.8% increase and the nearly 80% increase over about 18 months in 1928-1929, but I might be wasting my time.
Ripping off the whole country.
You'll have to be more specific who these Warburg fellows are and exactly how they are ripping off the country. Please explain the mechanism they use.
You'd rather argue semantics than points because you know you lost.
You said the Founders revolted for some monetary reason. If you meant because of some tax issue, say that. Then I won't have to correct that particular mistake of yours again. Thanks!
Ask Errant, he posted the picture.
Really? Previous dips in GDP weren't the same size or bigger? Are you sure?
So if the Fed failed and continues to fail, then why do we continue to be their slaves to the tune of 3% target per year?
Why do you feel like you're a slave of the Fed? Don't know why you keep mentioning 3%, the Fed isn't charging you 3% and isn't making 3% a year off of you.
We were better off before.
Yeah, that's your claim, can you prove it?
3% target inflation.
You said the Founders revolted for some monetary reason. If you meant because of some tax issue, say that. Then I won't have to correct that particular mistake of yours again. Thanks!
You lost on points so you want to argue from the dictionary.
You pointed out that its in the National Trust. So who gets to stay there?
Yes, we were on the gold standard at the start of the Great Depression.
then you contrasted the year 1913 as the year the Fed took over from the Gold Standard.
I didn't say "took over from" anywhere. The Fed was created in 1913, while we were on the gold standard. The Fed was around for many years while we were on the gold standard. Sounds like the only contradiction is in your understanding.
When did the Fed era begin?
The Fed was created in 1913.
If not at 1913, then why have it steal 3% from us every year?
How does the Fed steal anything from anyone? Spell it out.
Do you have any evidence that says otherwise regarding economic swings?
Why do you feel like you're a slave of the Fed?
3% target inflation.
Don't know why you keep mentioning 3%, the Fed isn't charging you 3% and isn't making 3% a year off of you.
It most certainly is.
.
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