It's all so simple, really, and a wicked man stated long, long ago that it never mattered who a king was - so long as he controlled the currency - he was lord and master.
http://auditthefedphonebomb.com/bailout … rillion-2/
Ron Paul 2012
IF it weren't for him, you'd not even know what the Fed did!
I'm not surprised by the actions of the Federal Reserve Bank.
However, putting an end to it, isn't possible without completely collapsing America's currency and Economy.
It would in fact create many more problems than it would solve. Every dollar bill in existence would be deemed completely valueless, people would lose entire savings accounts(because banks would have no way to return people's money) and trillions in retirements on paper would not be available to anyone.
Just a thought.
I dunno? Why should all of that happen? Why can't the American people and the American government control the Federal Reserve?
What happened when Lincoln got rid of what was then the same damned thing - a Rothschild bank in America? Of course there was a civil war going on then - but with all the trauma and drama going on now - the situation couldn't be too much different could it? Not minimizing the Civil War here - just saying that - we've practically got one brewing now on several levels - most all of it tied to economics on one or several levels.
It all happens because it's based on the dollar itself, which is an IOU/Promise to pay note, belonging to the Federal Reserve Bank.
If you end the Federal Reserve Bank, it would destroy the U.S. dollar, making all the nice little pieces of green and white paper valueless. It would end the usage of paper money, unless something else was used and allowed via the markets.
What do you mean by control? It's a private bank, which is attached to the world's biggest banks and the upper 1% of the world's population.
I'm not sure about that. I know nothing about what Lincoln did.
I'll agree with the above statement, however, I'm of the understanding that many people fail to understand how money is only a tool. Many know nothing about "wealth creation", much less have the drive to succeed. If they were more informed with regards to "wealth creation", then more people wouldn't be looking for jobs and would have began operating their own business. They would have worked a job until they could start a business and create wealth, but the dumbing down of society has hampered many people's ability.
Is there a solution? Well, yes there would be, but will the upper 1% allow it to be taught to people? Who knows.
The Dollar along with the Pound, Euro, in fact all currencies are already worthless bits of green paper. You just get a promise from the government so that is worth a lot eh! When Nixon ended the tie in with gold that is when the dollar became worthless bits of paper.
The Fed, like all central banks, creates money out of thin air then charges everyone interest on it...they have done nothing but punched in a few numbers on a computer screen! The whole system is designed to enslave 99% of the population while the top 1% grow richer and richer and richer. The system is bankrupt on so many levels it is obscene anyone outside of that elite 1% would defend it.
Global economies are dictated to by a small cartel running the Fed and the City of London. Democracy has no place in this system and elected politicians do not work for the electorate, they work for the corporations and banking elite who control the flow of worthless bits of paper. We are all indentured slaves. You either have a mortgage which you have to work to maintian or the newer, earlier way they snare you into the system is student loans. Rack up a huge loan which ties you forever.
The system is a huge Ponzi scheme.
You won't hear an economist, conservative or liberal, advocate doing away with the Federal Reserve. That would be suicidal. What you call a Ponzi scheme isn't perfect but it has worked pretty well. What would you replace it with--chaos?
Who has it worked pretty well for? Only the elites who control it. So you are happy to allow a private group of obscenely rich individuals control money supply and the global economy. If you aren't in that 1% you are at the bottom of the pile a long, long way from the top.
It is criminal and as long as the mass of humanity are dumbed down with Americas Got Talent or whatever moronic tv show is the current hit in their particular country the criminals will continue to profit.
At a rough estimate there are approximately 920 billion dollars in circulation, actual physical notes, yet the national debt is 14 trillion dollars...so even if the US government collected all the money in circulation it would still be in debt. The system is designed to keep countries in debt forever. So the government wants more money to boost the economy.
They can't print it themselves so they ask the privately run Fed if they can have some more little green bits of paper called Federal Reserve Notes. To 'pay' for these notes the government print pink bonds promising the Fed more money than they initially borrowed, which the Fed either sell or more than likely hold onto. So in trying to boost the economy all the government is doing is getting itself further and further into debt...a debt which can never be paid off.
Solve the problem by shutting the Federal Reserve and restore power to the US Congress to issue US Dollars...which is written in the Constitution....only problem is politicians are all bought and paid for and none have the balls to do this. So US national debt, well all countries, will never be paid off.
Competing currencies sounds like a rational solution.
BTW: I found not just ONE economist arguing against the Fed, but an entire 100+ year old school of economics railing against it.
What's that you say? Austrian Econ followers are cooky?
Cooky like foxes. They predicted the fall of Communism (even when Samuelson - in the late 80s - was still claiming that Russia was about to overtake us... CRASH), the crash of the Bretton-Woods agreement, the current mess, the stock market crash in 2000, the 1980s stagflation, and countless other world-shaking events.
And now they're predicting a huge economic crash.
Interest rates set to 0% for half a decade?!?! Things HAVE to crash. Wait... wait... 0% interest rates, plus debt spending, plus TWISTING?!?!?!?! Yeah, things HAVE to crash.
http://www.youtube.com/watch?v=GTQnarzm … ure=relmfu
Oh, and is SS a ponzi scheme? LOL - No, it's much worse. In a Ponzi Scheme you VOLUNTEER TO JOIN!!! With Medicare, Medicaid, and social security, if you don't pay you GO TO F**KING JAIL!!!
http://mises.org/daily/5658/Is-Social-S … nzi-Scheme
PS - your god, Krugman, doesn't even have the courage to debate Robert Murphy -- even though about $70,000 would be immediately donated to a worthy charity if he did for one simple hour.
Von Mises and the rest of the Austrian school are way outside mainstream economics, as are the other attackers of the Fed. The Fed, no doubt is too close to Wall Street, but it is not responsible for the current economic situation, especially Bernanke. His predecessor was lax in allowing the housing bubble to bubble too long. But there were plenty of others more to blame--Goldman Sachs, Fannie and Freddie, the Congress, AIG, CitiBank, Lehman, et al. There is plenty of blame to go around.
Another factor in the growing gap between the middle class and the rich is the destruction of high paying manufacturing jobs as a result of the establishment's blind devotion to free trade.
A bank controlled by United States Citizens - NOT the minions of mythical Zion.
Total agreement here - there are far too many middle men involved in the whole process of working and consuming what is needed even to merely survive.
Would have been good to not start this to begin with but I am not sure what you do now.
"Second Wave of Protests Unleashed: Targets the Federal Reserve"
http://www.veteranstoday.com/2011/10/04 … l-reserve/
The list of institutions that received the most money from the Federal Reserve:
Can be found on page 131 of the GAO Audit and are as follows..
• Citigroup: $2.5 trillion ($2,500,000,000,000)
... • Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
• Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
• Bank of America: $1.344 trillion ($1,344,000,000,000)
• Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
• Bear Sterns: $853 billion ($853,000,000,000)
• Goldman Sachs: $814 billion ($814,000,000,000)
• Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
• JP Morgan Chase: $391 billion ($391,000,000,000)
• Deutsche Bank (Germany): $354 billion ($354,000,000,000)
• UBS (Switzerland): $287 billion ($287,000,000,000)
• Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
• Lehman Brothers: $183 billion ($183,000,000,000)
• Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
• BNP Paribas (France): $175 billion ($175,000,000,000)
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