BLOOMBERG: Secret Banking Cabal Emerges From AIG Shadows
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Jan. 29 (Bloomberg) -- The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all. [^]
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
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Jan. 29 (Bloomberg) -- The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all. [^]
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
Before I comment, please note that that's an opinion piece, not fact-based journalism. Not saying it's all garbage, but saying that it's the opinion of one person, not of an entire news organization. Anyway... I'm actually surprised that you're posting something a little more sensible than InfoWars. Step in the right direction, CSS. Now, as to the issue. I see some valid points here. The New York branch of the Fed did something unpopular (And maybe unethical - We'll see how the investigation progresses), and now they're being grilled for it. The investigation is fairly open, and if it turns out that the Fed screwed up, then Congress will discipline them. And that's how the system is supposed to work. Congress does not directly control the Fed, but they DO get to step in when the Fed screws up. Corporations fiddling with numbers in order to "spin" the facts is nothing new, and it should be punished. This does not make the Fed "evil," as we all know you advocate. Even the guy in the article you linked, says: Now, I’m not saying Congress should be meddling in interest-rate decisions, or micro-managing bank regulation. Nor do I think we should all don tin-foil hats and start ranting about the Trilateral Commission. He's basically saying that the system isn't the problem, but rather the people running this small piece of the system are problematic.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
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Before I comment, please note that that's an opinion piece, not fact-based journalism. Not saying it's all garbage, but saying that it's the opinion of one person, not of an entire news organization. Anyway... I'm actually surprised that you're posting something a little more sensible than InfoWars. Step in the right direction, CSS. Now, as to the issue. I see some valid points here. The New York branch of the Fed did something unpopular (And maybe unethical - We'll see how the investigation progresses), and now they're being grilled for it. The investigation is fairly open, and if it turns out that the Fed screwed up, then Congress will discipline them. And that's how the system is supposed to work. Congress does not directly control the Fed, but they DO get to step in when the Fed screws up. Corporations fiddling with numbers in order to "spin" the facts is nothing new, and it should be punished. This does not make the Fed "evil," as we all know you advocate. Even the guy in the article you linked, says: Now, I’m not saying Congress should be meddling in interest-rate decisions, or micro-managing bank regulation. Nor do I think we should all don tin-foil hats and start ranting about the Trilateral Commission. He's basically saying that the system isn't the problem, but rather the people running this small piece of the system are problematic.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
Ian Shlasko wrote:
He's basically saying that the system isn't the problem, but rather the people running this small piece of the system are problematic.
The system is the problem, because it allows a very small group to wield awesome power, power that shouldn't be, power that is inherently corrupt.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
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Ian Shlasko wrote:
He's basically saying that the system isn't the problem, but rather the people running this small piece of the system are problematic.
The system is the problem, because it allows a very small group to wield awesome power, power that shouldn't be, power that is inherently corrupt.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
Then why are you posting this article, that advocates the opposite, without even commenting on it in your original post?
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
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Then why are you posting this article, that advocates the opposite, without even commenting on it in your original post?
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
To start a debate. Your logic is that a financial dictatorship is good as long as good people are in charge. When the corrupt system proves itself over and over again to be criminally dangerous, looting and destroying stability and national security, you defend it because if good people where in charge it would be good. That logic is flawed.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
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To start a debate. Your logic is that a financial dictatorship is good as long as good people are in charge. When the corrupt system proves itself over and over again to be criminally dangerous, looting and destroying stability and national security, you defend it because if good people where in charge it would be good. That logic is flawed.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
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To start a debate. Your logic is that a financial dictatorship is good as long as good people are in charge. When the corrupt system proves itself over and over again to be criminally dangerous, looting and destroying stability and national security, you defend it because if good people where in charge it would be good. That logic is flawed.
Watch the Fall of the Republic (High Quality 2:24:19)[^] Sons Of Liberty - Free Album (They sound very much like Metallica, great lyrics too)[^]
No, you're generalizing. My argument is that the Federal Reserve system itself was not to blame for the specific bailout-related screwup described in the article, but rather certain high-ranking folks at the New York branch of it. Don't put words in my mouth.
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)