Nationalize the Fed!!!
Biggest Scam in US Government History - The Federal Reserve
- Thread starter Mariahxxx
- Start date
bingo, well its been tried through legislation once and we see how that went, it still amazes me how many americans do not understand how the private federal reserve runs the show from top to bottom SMH
“Let me issue and control a nation’s money and I care not who writes the laws.” - Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924
“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it. - ” H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955
“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.” - Leo Tolstoy, Russian writer
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” - Henry Ford, founder of the Ford Motor Company
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, Emperor of France, 1815
“Money plays the largest part in determining the course of history.” - Karl Marx writing in the Communist Manifesto (1848)
“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus
“I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924
“The banks do create money. They have been doing it for a long time, but they didn’t realise it, and they did not admit it. Very few did. You will find it in all sorts of documents, financial textbooks, etc. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it. - ” H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955
“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.” - Leo Tolstoy, Russian writer
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” - Henry Ford, founder of the Ford Motor Company
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, Emperor of France, 1815
“Money plays the largest part in determining the course of history.” - Karl Marx writing in the Communist Manifesto (1848)
“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus
to get a better understanding of how this fractional reserve banking system controls, two good documentaries on the subject are The Money as Debt series and The Money Masters 
- - - Updated - - -
- - - Updated - - -
there is some very good info on this youtube channel as well
and to think this douche was a disciple of Ayn Rand at one point in time SMH
so many people talk about wasted government spending on all these different items like social programs and the defense budget but considering the US treasury is paying around 500 billion dollars a year just on the interest of the money it has borrowed from the fed, (not including principle) this is just one more reason to nationalize the fed, no more borrowing means no more interest payments, this is such an obvious way to save massive amounts of money
Beardsley Ruml was a former fed chairman and on his way out the door he wrote a piece titled "Taxes For Revenue Are Obsolete", and he made some good points IMO
http://home.hiwaay.net/~becraft/RUMLTAXES.html
http://home.hiwaay.net/~becraft/RUMLTAXES.html
helicopter ben is a horrible lier, too big too fail will never end, it will just get bigger and bigger
lol you can't make it up SMH
if Hank stuttered anymore, he could be a DJ scratch record SMH
Ron knows the Austrian school but I do disagree with his stance on ending the fed, going back to a gold standard would be impossible at this point in time, nationalizing the fed is the better option
here are 5 Reasons The Fed Cannot End Quantitative Easing:
1. The End of Quantitative Easing will Trigger a Fall in Commodity Prices: When Mr. Bernanke told an eager public that he may taper purchases of bonds, the gold market reacted violently to the downside. After all if the Fed stops creating money the price of commodities, including gold, will fall.
2 The End of Quantitative Easing will Trigger a Crash in the Bond Market: Another area that reacted badly to the news of tapering off QE is the bond market. Prices and values for bonds tanked nearly 10% virtually overnight. One thing to bear in mind is that the Fed has already purchased nearly $3 trillion worth of bonds. These bonds are carried on the Fed’s balance sheet as an asset and the value of those bonds is now down by $300 billion. Announcing a bond purchase slowdown will not only tank the bond market, it will further tank the value of the Fed’s own bond holdings.
3. America’s Fundamentals Haven’t Yet Improved: Real unemployment numbers are
stubbornly high, economic growth is anemic, even though housing markets have improved, economic growth is not as robust as many believe. Tripling of the Feds balance sheet has not provided the hoped-for stimulation of the economy.
4. Federal Government’s Spending Habits: Despite the 2012 tax hikes and the $88
billion Treasury cut of the Fed’s aforementioned bond holdings, the Federal budget deficit for May was among the 5-highest ever-recorded. The Debt Ceiling has simply been suspended, perhaps never-again-to-be-heard from. If interest rates are allowed to rise, interest on the debt will rise. Talks of slowing spending are off the table as the debate shifts from practical financial matters to social issues.
5. A Global Credit Crunch: The Treasury’s borrowing needs are bound to increase. Also, a great many banks and other institutions in Europe are finding themselves short of cash. The Federal Reserve and the European Central Bank will be forced to provide extra cash to infuse in both the domestic and foreign economies, and they require new QE money for these bail-out programs.
1. The End of Quantitative Easing will Trigger a Fall in Commodity Prices: When Mr. Bernanke told an eager public that he may taper purchases of bonds, the gold market reacted violently to the downside. After all if the Fed stops creating money the price of commodities, including gold, will fall.
2 The End of Quantitative Easing will Trigger a Crash in the Bond Market: Another area that reacted badly to the news of tapering off QE is the bond market. Prices and values for bonds tanked nearly 10% virtually overnight. One thing to bear in mind is that the Fed has already purchased nearly $3 trillion worth of bonds. These bonds are carried on the Fed’s balance sheet as an asset and the value of those bonds is now down by $300 billion. Announcing a bond purchase slowdown will not only tank the bond market, it will further tank the value of the Fed’s own bond holdings.
3. America’s Fundamentals Haven’t Yet Improved: Real unemployment numbers are
stubbornly high, economic growth is anemic, even though housing markets have improved, economic growth is not as robust as many believe. Tripling of the Feds balance sheet has not provided the hoped-for stimulation of the economy.
4. Federal Government’s Spending Habits: Despite the 2012 tax hikes and the $88
billion Treasury cut of the Fed’s aforementioned bond holdings, the Federal budget deficit for May was among the 5-highest ever-recorded. The Debt Ceiling has simply been suspended, perhaps never-again-to-be-heard from. If interest rates are allowed to rise, interest on the debt will rise. Talks of slowing spending are off the table as the debate shifts from practical financial matters to social issues.
5. A Global Credit Crunch: The Treasury’s borrowing needs are bound to increase. Also, a great many banks and other institutions in Europe are finding themselves short of cash. The Federal Reserve and the European Central Bank will be forced to provide extra cash to infuse in both the domestic and foreign economies, and they require new QE money for these bail-out programs.
well we have shot past the 12 billion MXM mark, which means money with a zero maturity, cash that is piling up in people's checking and savings accounts and is liquid and can be spent at anytime, people still are not spending, they are choosing to hold and save because of a lack of confidence in the current economic climate but if the people do start feeling good and if the spending does start up on a steady consistent pace, then look out for the slow inflation (rising prices) that will come as a result of this money starting to slowly enter into circulation
whoops my mistake, I said 12 billion, it is actually 12 trillion dollars in MXM money that is being held by people throughout the US
well it appears that the fed is buying an average of around 78 billion in securities per month now and I don't think they will be stopping any time soon
this website helps you follow some of the money that backs your politicians
http://www.citizen.org/whitehouseforsale/index.cfm?mid=20&id=63
http://www.citizen.org/whitehouseforsale/index.cfm?mid=20&id=63
and I thought insider trading was illegal SMH
http://www.reuters.com/article/2013/09/27/us-usa-qe3-pimco-special-report-idUSBRE98Q0E620130927
http://www.reuters.com/article/2013/09/27/us-usa-qe3-pimco-special-report-idUSBRE98Q0E620130927
Similar threads
