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 ...
Right, I've got deal on a bridge for you too. I wonder what the amount of FDIC cash on hand is compared with its risk?
And you'll earn very little on those risk free deposits.
Folks would be earning about 5 times what they're earning now if the Fed wasn't manipulating the rate for their "TBTF" bankster cronies to gamble with.
No you didn't the Fed is just realizing they can't print their way out of a down economoy.
Loans are paid off all the time. So what?
In this system of fiat currency, "money" would become even harder to get for "main street" business and investment.
Right, I've got deal on a bridge for you too.
Right. How much have customers, under the insurance limit, lost since the start of the crisis?
I wonder what the amount of FDIC cash on hand is compared with its risk?
Not a lot. So what? How many banks have failed this year? How much has the FDIC spent this year?
Folks would be earning about 5 times what they're earning now if the Fed wasn't manipulating the rate
If you say so.
I didn't think Fed printing would fix the economy. Did you?
In this system of fiat currency, "money" would become even harder to get for "main street" business and investment.
If I pay off my mortgage, less "money" is available for main street? Are you sure?
I didn't think Fed printing would fix the economy. Did you?
The way you've been going on about how great the Fed is, I thought you though it was the second coming! Go figure... lol Which does seem strange to find a "Fed Fanatic" posting on a conservative website. I figure you're a shill for the bankers or Fed, since you always come to their defense on these threads. The above is the first hint of any negativism against them from you.
If I pay off my mortgage, less "money" is available for main street? Are you sure?
Worse than that, if Americans paid off their CCs, it would completely crash the economy.
Where? Correcting your many errors doesn't make me a fan.
Which does seem strange to find a "Fed Fanatic" posting on a conservative website.
I'm surprised to find so many mistakes from one poster on a conservative website, but here you are.
Worse than that, if Americans paid off their CCs, it would completely crash the economy.
How do you figure?
Love that chart. While we’re on the gold standard, the dollar lost half its value from 1913-1919. Let’s do that again.
You're right, why go to the Fed to find out about the Fed when you can go to some conspiracy website instead?
The reserve was created by a group of bankers on Jekyll Island and passed during Christmas break.
It was debated for months and had easily enough votes to pass.
BTTT!
Months.
On Dec 24th the Currency act was passed
The Federal Reserve Act was also called the Currency Act.
I'll get mu info from sources that don't lie under oath at least.
Try to find a source less confused than you are.
Where?
but here you are.
And here you are shilling for the banksters.
How do you figure?
What ever the financial shysters are they're paying you, is TOO much. ;)
Liar.
While we’re on the gold standard, the dollar lost half its value from 1913-1919.
Verse 98% of its value since its inception? The only real gold standard is actual physical gold. Shysters will even lie about the amount of gold or silver backing certificates.
Unlike fiat, an ounce of gold or silver will still buy what it would decades and decades ago.
I hope you're not so stupid as to only hold a pile of green paper. You better get prepared for what' just around the bend...
I'm not the one that's confused or naive.
If you feel the need to get personal to make your point I understand since your position is pretty weak.
debt and government banks are things we were warned to avoid
Where?
Post #48, "the Fed is no more Federal than Federal Express..."
Post #50, "The Fed forgives loans all of the time, both domestic and foreign"
Post #56, "I hear shares of the "loot" are determined by the assests held/owned by each member bank"
Post #58, "It just isn't "owned" by the government
Post #60, "Not to mention possible access to some of that "free money""
Post #64, "Might be, what's 2% of 17T?"
Post #68, "That said, access to all of that “free money” is were most of the banks’ profit is derived"
Post #70, "The treasury MUST eventually get the money to pay off the bonds from the Fed, by issuing even more bonds/debt"
Post #76, "What you fail to understand, is than in a system where fiat currency is borrowed into existence, it can never be paid off since it's borrowed into existence in the first place"
Post #85, "Worse than that, if Americans paid off their CCs, it would completely crash the economy.
And here you are shilling for the banksters.
Correcting your errors doesn't make me a shill for anyone.
What ever the financial shysters are they're paying you
Sadly, no one pays me to correct your errors.
Verse 98% of its value since its inception?
Yes, 50% under the gold standard in 6 years is a much larger drop than we ever suffered after Nixon took us off the gold standard.
Unlike fiat, an ounce of gold or silver will still buy what it would decades and decades ago.
That's hilarious!
An ounce of silver buys 60% less than it did a bit over 2 years ago. Gold, about 37% less over the same time-frame.
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