CSS live on youtube (maybe)
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Ian Shlasko wrote:
As for audits, you haven't proven that they aren't audited. The very text you quote shows that they are audited every year by an INDEPENDENT firm. Checks and balances.
The common claim that the Fed is accountable to the government, because it is required to report to Congress on its activities annually, is incorrect. The reports to Congress mean little unless what the Chairman reports can be verified by complete records. From its founding to this day, the Fed has never undergone a complete independent audit. Congress time after time has requested that the Fed voluntarily submit to a complete audit, and every time, it refuses.
Ian Shlasko wrote:
No, they don't have to run every decision they make through congress, because the entire point is for them to act based on economic needs, not political agendas
An private corporation that controls the nations entire monetary policy does not have a political agenda, and also setting favorable interest rates at certain times that might reflect well apon a presedent campaigning for re-election? The central bankers use every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance. When they spend that money, the people who get the new money first and are able to buy products with it benefit, and the people who get it at the end lose because, when they go to spend it, the prices have already gone up, and so they're able to buy less. And so there's a transfer of wealth and of power from some segments of the economy to others because of the actions of the central bank. And basically, those who benefit are the government itself, big banks, government contractors, and anybody who is a closely associated with the federal government. The Fed-generated bubble burst in the Wall Street crash of October 1929. Speculators who had borrowed money to buy shares when bank credit was readily available saw the stock market lose one third of its value. Bank loans totaling $7 billion were outstanding. As the speculators defaulted on their loans, bank failures spiraled, and the Great Depression set in. FEDERAL BANKING AGENCY AUDIT ACT of 1978 ---------------------------------------- The following areas are to be EXCLUDED from GAO INSPECTION: (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate inte
Yes, the Fed was partially to blame for the Great Depression. This is well documented and known. It was a matter of bad judgment, not malice. In short, the people in charge screwed up. That doesn't mean the system itself is defective. If some drunk drives his car onto the sidewalk and mows down a few pedestrians, do you blame the driver or the car manufacturer? And sure... The Fed is never audited... Then I suppose the following annual audit/report is just a fabrication: http://cafr1.com/STATES/FEDERAL-RESERVE/FR2008AR.pdf[^]. You must be part of the Ron Paul camp... He's been pushing to let the government do the audit themselves, instead of having it done by independent companies. You'll be pleased to know that his bill is expected to pass this fall, so the government can launch an expensive investigation to learn what it already knows.
CaptainSeeSharp wrote:
An private corporation that controls the nations entire monetary policy does not have a political agenda, and also setting favorable interest rates at certain times that might reflect well apon a presedent campaigning for re-election? The central bankers use every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.
Where's your proof? The job of the Fed governors is to act in the best interests of the economy, not of the politicians. So far you're offering quotations from politicians and your own opinions, neither of which are factual.
CaptainSeeSharp wrote:
When they spend that money, the people who get the new money first and are able to buy products with it benefit, and the people who get it at the end lose because, when they go to spend it, the prices have already gone up, and so they're able to buy less.
You obviously have no idea how the Federal Reserve System works. Read through some of the pages on the URL I posted before. I'm not going to discuss this point until you actually understand what's going on.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (
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Yes, the Fed was partially to blame for the Great Depression. This is well documented and known. It was a matter of bad judgment, not malice. In short, the people in charge screwed up. That doesn't mean the system itself is defective. If some drunk drives his car onto the sidewalk and mows down a few pedestrians, do you blame the driver or the car manufacturer? And sure... The Fed is never audited... Then I suppose the following annual audit/report is just a fabrication: http://cafr1.com/STATES/FEDERAL-RESERVE/FR2008AR.pdf[^]. You must be part of the Ron Paul camp... He's been pushing to let the government do the audit themselves, instead of having it done by independent companies. You'll be pleased to know that his bill is expected to pass this fall, so the government can launch an expensive investigation to learn what it already knows.
CaptainSeeSharp wrote:
An private corporation that controls the nations entire monetary policy does not have a political agenda, and also setting favorable interest rates at certain times that might reflect well apon a presedent campaigning for re-election? The central bankers use every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.
Where's your proof? The job of the Fed governors is to act in the best interests of the economy, not of the politicians. So far you're offering quotations from politicians and your own opinions, neither of which are factual.
CaptainSeeSharp wrote:
When they spend that money, the people who get the new money first and are able to buy products with it benefit, and the people who get it at the end lose because, when they go to spend it, the prices have already gone up, and so they're able to buy less.
You obviously have no idea how the Federal Reserve System works. Read through some of the pages on the URL I posted before. I'm not going to discuss this point until you actually understand what's going on.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (
Ian Shlasko wrote:
Where's your proof?
Well you can see their manipulation throughout history causing depressions and recessions, and their secretive lending to foreign central banks and corporations. Here is an example of how Ben basically gave away 2.2 TRILLION DOLLARS[^] Here is an example where Ben moved 500 billion into the hands of foreign entities.[^]
Ian Shlasko wrote:
Yes, the Fed was partially to blame for the Great Depression. This is well documented and known. It was a matter of bad judgment, not malice. In short, the people in charge screwed up.
That is why the power that they have belongs in the hands of congress. Again, your not getting the big picture. The right to "coin" money belongs in the hands of the congress answerable to the people and regulated and restricted by law. Not this debt-based currency where a private corporation with its own interests has total power over the economy.
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Ian Shlasko wrote:
Where's your proof?
Well you can see their manipulation throughout history causing depressions and recessions, and their secretive lending to foreign central banks and corporations. Here is an example of how Ben basically gave away 2.2 TRILLION DOLLARS[^] Here is an example where Ben moved 500 billion into the hands of foreign entities.[^]
Ian Shlasko wrote:
Yes, the Fed was partially to blame for the Great Depression. This is well documented and known. It was a matter of bad judgment, not malice. In short, the people in charge screwed up.
That is why the power that they have belongs in the hands of congress. Again, your not getting the big picture. The right to "coin" money belongs in the hands of the congress answerable to the people and regulated and restricted by law. Not this debt-based currency where a private corporation with its own interests has total power over the economy.
CaptainSeeSharp wrote:
Well you can see their manipulation throughout history causing depressions and recessions
The recessions and depressions happen anyway. The Fed is there to minimize their effect. See http://en.wikipedia.org/wiki/Business_cycle[^] for more information. The Great Depression was worsened by some bad choices on the part of the Fed, but it was not caused by the Fed.
CaptainSeeSharp wrote:
and their secretive lending to foreign central banks and corporations.
Secretive? Have I mentioned that their balance sheet is a matter of public record? And what's wrong with lending to foreign banks? You realize that our government borrows from foreign banks all the time... Who do you think "owns" a large chunk of our national debt? Here's a hint... They're on the other side of the world, and they speak Mandarin.
CaptainSeeSharp wrote:
Here is an example of how Ben basically gave away 2.2 TRILLION DOLLARS[^]
Gave away? You don't seem to understand the difference between "giving" away money and "loaning" money. The Fed provided market liquidity by extending credit line... The same way you would go to the bank and take out a mortgage so you could afford to buy a home. Sure, you could wait thirty years to save up enough cash to buy it outright, or you could borrow the money and move in today. Same thing, bigger numbers.
CaptainSeeSharp wrote:
That is why the power that they have belongs in the hands of congress
Think about this. Do you really think a bunch of politicians, whose sole agenda is to be re-elected in 2-6 years, would do a good job of managing the country's money supply? Do you REALLY think these people, many of whom are "owned" by special interest groups, would act in the best interests of the economy?
CaptainSeeSharp wrote:
The right to "coin" money
Learn how the Fed really works. Then we can discuss this.
CaptainSeeSharp wrote:
answerable to the people and regulated and restricted by law.
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CaptainSeeSharp wrote:
Well you can see their manipulation throughout history causing depressions and recessions
The recessions and depressions happen anyway. The Fed is there to minimize their effect. See http://en.wikipedia.org/wiki/Business_cycle[^] for more information. The Great Depression was worsened by some bad choices on the part of the Fed, but it was not caused by the Fed.
CaptainSeeSharp wrote:
and their secretive lending to foreign central banks and corporations.
Secretive? Have I mentioned that their balance sheet is a matter of public record? And what's wrong with lending to foreign banks? You realize that our government borrows from foreign banks all the time... Who do you think "owns" a large chunk of our national debt? Here's a hint... They're on the other side of the world, and they speak Mandarin.
CaptainSeeSharp wrote:
Here is an example of how Ben basically gave away 2.2 TRILLION DOLLARS[^]
Gave away? You don't seem to understand the difference between "giving" away money and "loaning" money. The Fed provided market liquidity by extending credit line... The same way you would go to the bank and take out a mortgage so you could afford to buy a home. Sure, you could wait thirty years to save up enough cash to buy it outright, or you could borrow the money and move in today. Same thing, bigger numbers.
CaptainSeeSharp wrote:
That is why the power that they have belongs in the hands of congress
Think about this. Do you really think a bunch of politicians, whose sole agenda is to be re-elected in 2-6 years, would do a good job of managing the country's money supply? Do you REALLY think these people, many of whom are "owned" by special interest groups, would act in the best interests of the economy?
CaptainSeeSharp wrote:
The right to "coin" money
Learn how the Fed really works. Then we can discuss this.
CaptainSeeSharp wrote:
answerable to the people and regulated and restricted by law.
Ian Shlasko wrote:
The Fed is there to minimize their effect.
Ian Shlasko wrote:
The Great Depression was worsened by some bad choices on the part of the Fed
They failed! The Federal Reserve claims to manage our money; instead it makes our money worth less and less every day. It has generated continuous and worsening business cycles and lowered our living standards. Money is supposed to serve as a reliable standard of economic value, not a source of instability. Until we restore sound money and take away the private corporation's (Fed) ability to debase it, we have little hope of restoring the freedom and prosperity that made America great.
Ian Shlasko wrote:
Secretive?
Yes, secretive. Do you understand what secretive means? The claim that the Fed is accountable to the government is false. The reports to Congress mean little unless what the Chairman reports can be verified by complete records. From its inception, the Fed has never undergone a complete independent audit. Congress time after time has requested that the Fed voluntarily submit to a complete audit, and every time, it refuses. As you can clearly see with these two congressional interviews with the Ben Benarke, the Fed is clearly being secretive about how it is handling all of American's wealth. CSPAN 1[^] CSPAN 2[^]
Ian Shlasko wrote:
Do you really think a bunch of politicians whose sole agenda is to be re-elected in 2-6 years, would do a good job of managing the country's money supply?
Yes. That is the point dumbass. Monetary policy should be the responsibility of publicly accountable officials, not delegated to an independent, self-perpetuating board that is not accountable to anyone. All history shows that no society has been able to endure usury, as we can clearly see today.
Ian Shlasko wrote:
The same way you would go to the bank and take out a mortgage so you could afford to buy a home.
It is not the same, because the
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Ian Shlasko wrote:
The Fed is there to minimize their effect.
Ian Shlasko wrote:
The Great Depression was worsened by some bad choices on the part of the Fed
They failed! The Federal Reserve claims to manage our money; instead it makes our money worth less and less every day. It has generated continuous and worsening business cycles and lowered our living standards. Money is supposed to serve as a reliable standard of economic value, not a source of instability. Until we restore sound money and take away the private corporation's (Fed) ability to debase it, we have little hope of restoring the freedom and prosperity that made America great.
Ian Shlasko wrote:
Secretive?
Yes, secretive. Do you understand what secretive means? The claim that the Fed is accountable to the government is false. The reports to Congress mean little unless what the Chairman reports can be verified by complete records. From its inception, the Fed has never undergone a complete independent audit. Congress time after time has requested that the Fed voluntarily submit to a complete audit, and every time, it refuses. As you can clearly see with these two congressional interviews with the Ben Benarke, the Fed is clearly being secretive about how it is handling all of American's wealth. CSPAN 1[^] CSPAN 2[^]
Ian Shlasko wrote:
Do you really think a bunch of politicians whose sole agenda is to be re-elected in 2-6 years, would do a good job of managing the country's money supply?
Yes. That is the point dumbass. Monetary policy should be the responsibility of publicly accountable officials, not delegated to an independent, self-perpetuating board that is not accountable to anyone. All history shows that no society has been able to endure usury, as we can clearly see today.
Ian Shlasko wrote:
The same way you would go to the bank and take out a mortgage so you could afford to buy a home.
It is not the same, because the
That's it... I'm done. You're ignoring the facts I present, spouting nothing but misinterpreted gibberish and opinions, and not even making the tiniest effort to learn about the subject you're supposedly debating. You're rehashing the same arguments over and over, and just disregarding the evidence I present to the contrary. I'm through trying to educate you. I see why no one on this forum respects you. Here's my final piece of advice to you. Think first, then type.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
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That's it... I'm done. You're ignoring the facts I present, spouting nothing but misinterpreted gibberish and opinions, and not even making the tiniest effort to learn about the subject you're supposedly debating. You're rehashing the same arguments over and over, and just disregarding the evidence I present to the contrary. I'm through trying to educate you. I see why no one on this forum respects you. Here's my final piece of advice to you. Think first, then type.
Proud to have finally moved to the A-Ark. Which one are you in? Developer, Author (Guardians of Xen)
you have walked the path that I walked before you, and have hopefully now gained the wisdom that I gained through the same wasted effort. He doesn't listen, he doesn't think, he spouts what he reads on websites he agrees with, and thinks that counts as defending the views he holds only because youtube told him to.
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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you have walked the path that I walked before you, and have hopefully now gained the wisdom that I gained through the same wasted effort. He doesn't listen, he doesn't think, he spouts what he reads on websites he agrees with, and thinks that counts as defending the views he holds only because youtube told him to.
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.
Christian Graus wrote:
you have walked the path that I walked before you, and have hopefully now gained the wisdom that I gained through the same wasted effort. He doesn't listen, he doesn't think, he spouts what he reads on websites he agrees with, and thinks that counts as defending the views he holds only because youtube told him to
Meh, just insignificant opinions of a eugenicist. :rolleyes:
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Christian Graus wrote:
you have walked the path that I walked before you, and have hopefully now gained the wisdom that I gained through the same wasted effort. He doesn't listen, he doesn't think, he spouts what he reads on websites he agrees with, and thinks that counts as defending the views he holds only because youtube told him to
Meh, just insignificant opinions of a eugenicist. :rolleyes:
CaptainSeeSharp wrote:
Meh, just insignificant opinions of a eugenicist
I love that you're still illiterate enough to call me that, despite being shown over and over why it is not true.
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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CaptainSeeSharp wrote:
Meh, just insignificant opinions of a eugenicist
I love that you're still illiterate enough to call me that, despite being shown over and over why it is not true.
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.
I think hes trying to get a new meaning accepted, he has learnt how to spell it and damned if hes not going to use it even if its not appropriate. why do you think that if he cant understand any contra ideas to his own that the use of a word would be any different?
Go away and research the subject, analyze the options for and against, understand the problem and them come back when you agree with me.