Abolish the Fed

[floridarocks]

Can someone please explain why we should not abolish the Federal Reserve or explain why lawyers won't discuss the bankruptcy of the corporate US in 1933 the keeps us perpetually indebted to the international bankers. How rich are those Rothschilds anyway? Is there such a thing as kazillion?

[StockAyatollah]

We need the fed to give all the professional fed watchers something to talk about. Where would we be without CNBC analysts pondering the number of basis points in Alan the Great's next sage move?

[Heisenburger]

The national debt has nothing to do with the Federal Reserve. I suggest you educate yourself on exactly what the Federal Reserve is and what it does.

If you have a problem with America's debt, I suggest keeping an eye on these guys.

[floridarocks]

You don't answer the bankruptcy issue, are you a lawyer? Congress is not the only culprit in this. I am trying to get educated. That's why I ask questions. People who have something to hide will use the tactic of belittling others. That won't work with me. I admit I don't know everything. So flame on if you must. The truth can't be hidden forever.

[america76]

The problem is "these guys" work for THESE GUYS!

[Rodney King]

Can someone please explain why we should not abolish the Federal Reserve or explain why lawyers won't discuss the bankruptcy of the corporate US in 1933 the keeps us perpetually indebted to the international bankers. How rich are those Rothschilds anyway? Is there such a thing as kazillion?

What "bakruptcy of the corporate US in 1933? What does that mean? Did every corporation go bankrupt? Why do you want lawyers to discuss it more than anyone else? Who are the Rothcshilds and how do they affect your life? Are you even serious?

[aynrandfreak]

explain why lawyers won't discuss the bankruptcy of the corporate US in 1933

There is not "one" corporate US, but many independent corporations. Some did go out of business during the depression. Many did not and many more individual businesses have created and produced wealth since then. We're the richest country in terms of per capita income in the world.

keeps us perpetually indebted to the international bankers. How rich are those Rothschilds anyway?

Talk of "international bankers" and "Rich Rothchilds" can be code for anti-semitism. I don't know if you meant it that way or not.

People who have something to hide will use the tactic of belittling others. That won't work with me. I admit I don't know everything. So flame on if you must. The truth can't be hidden forever.

It seems like you are implying that you have a theory as to what truth will reveal itself. Do you mean "the truth" that all corporations in existence in 1933 went bankrupt and they're being propped up by the Federal Reserve banks who are doing so to keep the little guy down?

[kampeska]

We do not abolish the Fed because it is in our best interest. We need good people to respond to the needs of our economy. They do not add to the deficit. I believe they even make enough money to operate. The Fed is the bank that banks use. Read a book.

[Orion]

Where would we be without CNBC analysts pondering the number of basis points in Alan the Great's next sage move?

I'll save you the agony of enduring Bartiromo and crew. You can bet your last dollar that Easy Al, the put writer's pal, will lop off another 50 on 12/11.

Have fun. Don't pay any attention to the guy behind the curtain, the great Mr. Magoo will make all well. He, and only he, will be the first ever to reinflate an asset bubble. Right..................

[nicollo]

Your # 3:
Gorgeous.

Btw, do you suppose the Fed-conspiracy nuts know that the true father of the system (JP Morgan excepted) is none other than Senator Nelson W. Aldrich?

The name is more familiar if pronounced this way:

Nelson A(ldrich) Rockefeller...

(the Senator was the grandfather of our 41st Vice President)

[Nick Danger]

it takes on a bond of debt for the full face value of every bill borrowed. But it only costs 2-3 cents for the fed to print a bill, whether it's a 1, 5, 10, 20, 50 or 100 but the US is still required to pay back the FULL FACE VALUE of every "note" borrowed PLUS INTEREST!!......pretty slick huh?

I don't know if it's slick exactly. It actually looks to be kind of brown and sticky. That's probably because it's crap.

No offense, but you don't know what you're talking about. Very little of the Treasury's debt is held by the Fed, most of it is sold to the public at auction. In fact, you too could by a Treasury bill; just show up with ten grand in your hand.

What's more, any profit made by the Fed is rebated to the Treasury.

Sorry, there's no Jewish bankers owning the Fed, no zillions in profits being made by the Fed, no requirement that there be a "bill" for every dollar in existence (in fact it's not even close), and no truth to just about anything else you said.

You could choose to import some more crap from the Socialism For Kookburgers web site, but you'll be sorry. This one's been worked over pretty well... about a hundred times.

[Nick Danger]

[nicollo]

First of all, what's FDR's gold heist got to do with the Fed?
(Hint: the Fed doesn't have anything to do with the issuance of currency or its type)

But since you've got a few ideas already, let's hear 'em.

[gcruse]

 We're the richest country in
terms of per capita income in the world.

Oh, yeah?

Not even in the Top Ten !

You see, it appears that [Australia is], on a per capita basis the world's richest nation with every Australian man, woman and child being a (Australian dollar) millionaire.

Here are the World Bank stats of the richest nations:

1 Australia US$835,000
2 Canada US$704,000
3 Luxembourg US$656,000
4 Switzerland US$642,000
5 Japan US$563,000
6 Sweden US$491,000
7 Iceland US$486,000
8 Qatar US$472,000
9 United Arab Emerates US$469,000
10 Denmark US$461,000

[gcruse]

 We're the richest country in
terms of per capita income in the world.

Oh, yeah?

Not even in the Top Ten !

You see, it appears that [Australia is], on a per capita basis the world's richest nation with every Australian man, woman and child being a (Australian dollar) millionaire.

Here are the World Bank stats of the richest nations:

1 Australia US$835,000
2 Canada US$704,000
3 Luxembourg US$656,000
4 Switzerland US$642,000
5 Japan US$563,000
6 Sweden US$491,000
7 Iceland US$486,000
8 Qatar US$472,000
9 United Arab Emerates US$469,000
10 Denmark US$461,000

[nicollo]

... which has nothing to do with the Fed.
(The Fed was established in order to correct problems caused by the gold standard).