Well, I guess one person's "Panic" is another person's business cycle (i.e., The Fed can't stop the business cycle and shouldn't try.)?
What exactly was found not to work?
1932, 201?
What power?
The power to influence markets, grant favors, to allow some to see information others aren't, ...
I thought you said they were bagmen for the banks?
Yup, thanks to you, I realize the Fed was really only created to act as a bagmen for both the government and the banking cartel; to act as a go between, secretly facilitating that which the other two could not be seen engaging in.
Bagman:
2: a person who on behalf of another collects or distributes illicitly gained money; broadly : an intermediary in an illicit or unethical transaction
Still waiting for you to explain the inside track as it relates to FX trades.
That's the alphabet agencies' job and Congress. Mine as a Citizen is to ask questions and speak out.
Not sure what a house owned by the National Trust proves........
If the name was changed to "Federal Trust" better help you understand, or how 'bout just "Trust"? Besides, if an enabling relationship with the local government is too hard to understand in this situation, they have plenty more billion dollar estates scattered around the world for your viewing pleasure.
You're not, but why?
Duh! Or are you just pointing at another squirrel?
Yup, we've been losing small town banks since the country was born. Not sure you can blame the Fed for that.<
I included other factors in my brief description of the cause.
The Fed can't stop the business cycle and shouldn't try. They have helped reduce the number and severity of downturns.
Oooooh, Okaaaay, Like 1932? Or like the one we're headed for now??? The Fed hasn't reduce the number or severity (once averaged) of downturns. The real reason the Fed was put in place, was to serve as a "bagman" for both the banksters and their cronies in government - that's becoming clearer and clearer as we work our way through our little discussion. Thanks for helping me to see that, btw!
What is hidden?
Ask Ron Paul, or a myriad of others seeking to expose the corruption, manipulation, and siphoning off taxpayer dollars and indebtedness.
Better yet, get us a copy of the Fed's foreign CB transactions for the last ten years!
The Founders who created a Central Bank in 1791? Signed into law by George Washington? Those Founders?
Have you ever heard of a man by the name of Thomas Jefferson?
He is quoted as saying: The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution.
"Sometimes you eat the shark, and sometimes the shark eats you."
lol It's a "panic" if it occurs under a gold standard and it's a healthy "business cycle" if it occurs with a fiat currency system, I guess.
Damn near money laundering.
No, a Panic is more than just a recession.
Bagman: 2: a person who on behalf of another collects or distributes illicitly gained money;
How are Fed earnings illicit? Who do you feel they collected on behalf of?
Still waiting for you to explain the inside track as it relates to FX trades.
That's the alphabet agencies' job and Congress. Mine as a Citizen is to ask questions and speak out.
So you just made it up.
If the name was changed to "Federal Trust" better help you understand, or how 'bout just "Trust"?
A big house given away by a rich guy was supposed to make me understand what, exactly?
Duh! Or are you just pointing at another squirrel?
You're not alone in your feeling, but why is the Fed unconstitutional?
The Fed can't stop the business cycle and shouldn't try. They have helped reduce the number and severity of downturns.
Oooooh, Okaaaay, Like 1932?
No, they screwed up in the 30s. Which is why Bernanke said we could keep printing money, to fight a deflationary depression. And that's what he did.
The Fed hasn't reduce the number or severity (once averaged) of downturns.
Sure they have. Look at the time between recessions before 1913 and since. Look at the size of the contractions, before 1913 versus after 1913.
Have you ever heard of a man by the name of Thomas Jefferson?
I have. He was a Founder who lost the argument about a national bank.
He is quoted as saying: The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution.
There have been more than a few Presidents who didn't understand finance and banking. Obama is one, Jefferson is another.