The Federal Reserve
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Booms and busts are created by the fed, to extract real wealth from the economy. Its kind of like a big wave washing inland and as it goes back into the ocean it pulls out a lot of material with it.
The analogy is cute, but it does not prove the theory.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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It is no secret that the power to print money and set interest rates constitutes the greatest power anyone can have. “Let me issue and control a nation’s money,” commented international banker Amschel Rothschild, “and I care not who makes the laws.” Henry Kissinger reduced the almighty powers of the Federal Reserve to one line: “Who controls money controls the world.” Former chairman of the Federal Reserve Alan Greenspan, who served for 18+ years in his position, was asked by political talk show host Jim Lehrer: “What should be the proper relationship between a chairman of the Fed and the president of the United States?” “Well, first of all, the Federal Reserve is an independent agency, and that means basically that there is no other agency of government (including the executive office) which can overrule actions that we take,” Greenspan responded matter-of-factly. “So long as that is in place… then, what the relationships are don’t frankly matter.” In light of the above statements, it is safe to say that it is not US Commander-in-Chief Barack Obama who holds the reigns of real power in America, but rather Ben Bernanke, the chairman of the Fed. Indeed, last December’s Newsweek magazine proudly announced that Bernanke was the “fourth most powerful person in the world,” behind Barack Obama, Hu Jintao and Nicolas Sarkozy, but ahead of Gordon Brown, Angela Merkel and Vladimir Putin (fourth, fifth and sixth place in the Newsweek power list went to central bankers, Bernanke, Jean-Claude Trichet (EU) and Masaaki Shirakawa (Japan), as opposed to national leaders)!
yes money talks, but thats always been the case, take your history, at what point did those with the money not contol things? the founding fathers? suprisingly they were all from that "moneyed" class at no point in history are th moneyed not in charge - live with it or find true comunist country
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
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Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. Wrong. There have been booms and busts in all economies, and in the USA prior to the Fed. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people. This is also crap. How does the Fed force inflation onto us ? Inflation is what most people rely on for their retirement, or to move to a bigger home. From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. All banks do this. The core issue really, is that people borrow money they cannot pay back. With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation. What you're asking for is government intervention, and control of the currencies worth. This would make you more of an international pariah, if nothing else. It sure would kill your ability to live high on the hog on cheap imports. I know you copied and pasted this, and I know you'll not really discuss it with me, so I'll stop there.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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yes money talks, but thats always been the case, take your history, at what point did those with the money not contol things? the founding fathers? suprisingly they were all from that "moneyed" class at no point in history are th moneyed not in charge - live with it or find true comunist country
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
Alex hogarth wrote:
at what point did those with the money not contol things
Well back when a private group of jackasses couldn't legally counterfeit money we were in a much better position. You eurotrash really crack me up, I thank God we slaughtered a bunch of you peons back in the revolutionary war.
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Alex hogarth wrote:
those money lenders you critize are the rock on which your country is based
We fought to get away from the grip of plutocrats.
bollocks you fought to put your plurocrats in charge instead of the brits, do you think it changed that much? boy are you misguided, after the war what they did was to put the populus behnd them, eve then the islusion of control ut changed nothing, the guy in the field no change 4 pints of adnams broadside makes my bad spelling even worse than normal :(
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
modified on Thursday, September 17, 2009 7:54 PM
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Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people. From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation. Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government. Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy. In fact, Congress' constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning t
CaptainSeeSharp wrote:
Federal Reserve's inflationary policies
The Fed just like other central banks reacts to situations not cause situations. Example : People want to earn more from their employment, this puts strain on the employer who must raise their prices through to the retailer who increases his prices accordingly. The employees wages are eaten up with increased prices. So more money has to be created to service these requirements. We go around this circle time and time again. This can be a vicious circle. So the Feds need to set limits that impact that circle by moderation.
CaptainSeeSharp wrote:
every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy
Economic downturns are caused by people's greed who then cannot service the debt they were only too willing to enter into. And when I say people, include companies as well, their policies do not always take into account the proper concept of RISK. The policies of the Fed are to reduce/restrict the effect of any downturn as well as to take to heat off an over-boiling economy.
CaptainSeeSharp wrote:
Federal Reserve policy harms the average American
The stated reason for the Fed's existence is to assist the American people by providing an "elastic" currency to [quote] These objectives include economic growth in line with the economy’s potential to expand; a high level of employment; stable prices (that is, stability in the purchasing power of the dollar); and moderate long-term interest rates. [/quote] quote from "The Federal Reserve System: Purposes and Functions. 9th Edition"
CaptainSeeSharp wrote:
abolishing the Federal Reserve
Will create a financial nightmare (a calamity) to government, businesses and individuals right across your country and further afield.
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bollocks you fought to put your plurocrats in charge instead of the brits, do you think it changed that much? boy are you misguided, after the war what they did was to put the populus behnd them, eve then the islusion of control ut changed nothing, the guy in the field no change 4 pints of adnams broadside makes my bad spelling even worse than normal :(
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
modified on Thursday, September 17, 2009 7:54 PM
Alex hogarth wrote:
you fought to put your plurocrats in charge instead of the brits
Go bow to your CCTV cameras you stupid eurochum. You don't know jack shit about America so go home before your curfew sets in.
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CaptainSeeSharp wrote:
Federal Reserve's inflationary policies
The Fed just like other central banks reacts to situations not cause situations. Example : People want to earn more from their employment, this puts strain on the employer who must raise their prices through to the retailer who increases his prices accordingly. The employees wages are eaten up with increased prices. So more money has to be created to service these requirements. We go around this circle time and time again. This can be a vicious circle. So the Feds need to set limits that impact that circle by moderation.
CaptainSeeSharp wrote:
every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy
Economic downturns are caused by people's greed who then cannot service the debt they were only too willing to enter into. And when I say people, include companies as well, their policies do not always take into account the proper concept of RISK. The policies of the Fed are to reduce/restrict the effect of any downturn as well as to take to heat off an over-boiling economy.
CaptainSeeSharp wrote:
Federal Reserve policy harms the average American
The stated reason for the Fed's existence is to assist the American people by providing an "elastic" currency to [quote] These objectives include economic growth in line with the economy’s potential to expand; a high level of employment; stable prices (that is, stability in the purchasing power of the dollar); and moderate long-term interest rates. [/quote] quote from "The Federal Reserve System: Purposes and Functions. 9th Edition"
CaptainSeeSharp wrote:
abolishing the Federal Reserve
Will create a financial nightmare (a calamity) to government, businesses and individuals right across your country and further afield.
The fed purely a purely criminal and corrupt enemy of all Americans. Go bow to your masters, you eurotrash have always been good little peasant serfs.
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Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. Wrong. There have been booms and busts in all economies, and in the USA prior to the Fed. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people. This is also crap. How does the Fed force inflation onto us ? Inflation is what most people rely on for their retirement, or to move to a bigger home. From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. All banks do this. The core issue really, is that people borrow money they cannot pay back. With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation. What you're asking for is government intervention, and control of the currencies worth. This would make you more of an international pariah, if nothing else. It sure would kill your ability to live high on the hog on cheap imports. I know you copied and pasted this, and I know you'll not really discuss it with me, so I'll stop there.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
My god, you are extremely ignorant. I'm not going to waste my time with a bunch of idiot un-American pieces of crap who literally have no comprehension of morality or principles. I think a long time of extreme suffering is what you need, perhaps then you would change your views that have contributed to more harm and suffering then the black plague.
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The fed purely a purely criminal and corrupt enemy of all Americans. Go bow to your masters, you eurotrash have always been good little peasant serfs.
CaptainSeeSharp wrote:
The fed purely a purely criminal and corrupt enemy of all Americans. Go bow to your masters, you eurotrash have always been good little peasant serfs.
Thank you Henize for that well thought out reply. Excuse me while I consign it to a place that doesn't see the light of day.
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Alex hogarth wrote:
you fought to put your plurocrats in charge instead of the brits
Go bow to your CCTV cameras you stupid eurochum. You don't know jack shit about America so go home before your curfew sets in.
See how you stoop to insults and ignorance when anyone tries to talk to you ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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Alex hogarth wrote:
at what point did those with the money not contol things
Well back when a private group of jackasses couldn't legally counterfeit money we were in a much better position. You eurotrash really crack me up, I thank God we slaughtered a bunch of you peons back in the revolutionary war.
you did what? history actually has the revolution as a side show (yes it turned out differently) the brits were fighting the french the troops sent to surpress the rebelion were those that could be spared - ie 3rd line - the dregs, those that had performed badly and performed acts unbecoming - so dont get on your high horse. oh yes the famous us policy on europe, bleed us dry and then swan in as saviours in a war partly of your own creation, i perfer the civil war least you knew that even blue on blue was not completely wrong
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
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My god, you are extremely ignorant. I'm not going to waste my time with a bunch of idiot un-American pieces of crap who literally have no comprehension of morality or principles. I think a long time of extreme suffering is what you need, perhaps then you would change your views that have contributed to more harm and suffering then the black plague.
CaptainSeeSharp wrote:
My god, you are extremely ignorant. I'm not going to waste my time with a bunch of idiot un-American pieces of crap who literally have no comprehension of morality or principles. I think a long time of extreme suffering is what you need, perhaps then you would change your views that have contributed to more harm and suffering then the black plague.
Well, that didn't take long. I responded to your copy and paste crap with facts, and you respond with insults. It must occur to you somewhere inside that tiny mind of yours, that the reason you have to result to these defensive tactics is that your beliefs are so shaky, and so poorly understood by you, that you're incapable of discussing them, or even understanding them. I thought if we talked about the Fed, you were going to 'own' me ? I guess not. How pathetic it must be, to be you. Tell me again why you've not shot yourself ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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Alex hogarth wrote:
you fought to put your plurocrats in charge instead of the brits
Go bow to your CCTV cameras you stupid eurochum. You don't know jack shit about America so go home before your curfew sets in.
from what you posted you seem to know very little about your own country and f all about anybody elses you think the us is so good? yet you do nothing but slag it off, if i went by your rants i would think that the us was the biggest arse hole in the world and would benifit from being wiped out yet i know different. you know nothing about the UK and have less intention of learning more, you are a moron who has latched onto a internet cause because it stops you being responsible for your own sh1t life, well sorry but the fact your in the pooo is yours not some "fed" conspriercy
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
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from what you posted you seem to know very little about your own country and f all about anybody elses you think the us is so good? yet you do nothing but slag it off, if i went by your rants i would think that the us was the biggest arse hole in the world and would benifit from being wiped out yet i know different. you know nothing about the UK and have less intention of learning more, you are a moron who has latched onto a internet cause because it stops you being responsible for your own sh1t life, well sorry but the fact your in the pooo is yours not some "fed" conspriercy
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
This is the crux of it. Conspiracy theories allow him to blame other people for the mess he's made of his life. As you can see, despite telling me over and over he'd 'own' me on any discussion of the Fed, the moment I discuss, he insults and runs away. How pathetic.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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This is the crux of it. Conspiracy theories allow him to blame other people for the mess he's made of his life. As you can see, despite telling me over and over he'd 'own' me on any discussion of the Fed, the moment I discuss, he insults and runs away. How pathetic.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
so true he cannot see alternative because that would require him to admit that maybe that the disaster that is his life is maybe of his own making. he insults then is suprised at the reaction, his insult shown that he cannot defend his posts
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
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so true he cannot see alternative because that would require him to admit that maybe that the disaster that is his life is maybe of his own making. he insults then is suprised at the reaction, his insult shown that he cannot defend his posts
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
And..... he's gone.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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And..... he's gone.
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
his mummy wont let him post, you know that nasty internetty thingy corupts his vigin mind plus he needs to takes his meds
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.
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I am reading up on it now. I wonder if CSS realises that the money supply was entirely in the hands of private individuals in the US before the Fed was created ?
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.
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This thread has been so much fun! I've seen CSS go from overconfidence, to debate, to insults, to retreat. Can you do this again sometime? It's the best laugh I've had all week.
OSDev :)
ROTFL - yes, having just a small amount of knowledge on the subject, by co-incidence, I knew that was going to be enough to shoot down his ignorant delusions. Having people join in, and having EVERYONE on the thread know more about it than he did, after months of his boasting, well, let's just say I'm good for Christmas presents
Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.