Quote:
Originally Posted by waverunner234
It's called inflation dumbfuck, and is necessary for economic growth.
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Did you actually fucking post this? Inflation only benefits those who lend money, and the biggest lender of all is the Fed Reserve.
we've clashed before CuteoldGuy (Joe Paterno) and I B Hankering (Ron Paul and Iran) but not this time. The Fed is a long standing money fuck of America. I'd abolish it. Funny that Ron Paul has been railing against the Fed for over a decade and they called him a lunatic. Now, it's a main stream topic only because America is nearing complete economic collapse because in large part of the actions of the Fed that all the other candidates are "suddenly" on the Fed's case. To them it's a political buzzword, to Ron Paul it's a serious issue that is destroying America.
the concept of a "Central Bank" has been a controversial issue from the days of the founding fathers, who didn't want an American version of the Bank of England. For good reason.
The Fed has NEVER been audited, EVER. So how much are they really making? Who knows? No publicly traded company is allowed to submit an audit on their own, that's why by law they have to hire an outside auditor to do it. It's why we have accounting firms.
one of the reasons i lean toward the Libertarians these days is they oppose fiat currency, otherwise known as money without the backing of Gold or Silver standard. FDR started it when he took away the Gold standard and Tricky Dick Nixon finished it when he abolished the Silver Standard. Don't we have this big vault in Fort Knox? What's in it? If the price of Gold or Silver is so high would you not think that would give serious value to US currency? The Chinese have how much trillions in US debt? I lost count. What do you think the Chinese would do if we loaded up a C130 Herc with Gold and landed it in Beijing and said "Here you go, no more debt we owe you?" If they could get away with it they'd shoot it down over the South China Sea.
Woodrow Wilson, who enacted the current version of the Fed later said
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."
~ Woodrow Wilson
http://shadow.wordpress.com/2006/10/26/338/
Federal Reserve 1913 Wilson secured passage of the
Federal Reserve Act in late 1913. Wilson had tried to find a middle ground between conservative Republicans led by Senator
Nelson W. Aldrich and the powerful left wing of the Democratic party led by William Jennings Bryan, who opposed all banking schemes and strenuously denounced private banks and
Wall Street. The latter group wanted a government-owned central bank that could
print paper money as Congress required. The compromise, based on the Aldrich Plan but sponsored by Democratic Congressmen
Carter Glass and
Robert Owen, allowed the private banks to control the 12 regional Federal Reserve banks, but appeased the agrarians by placing controlling interest in the System in a central board appointed by the president with Senate approval. Moreover, Wilson convinced Bryan's supporters that because Federal Reserve notes were obligations of the government, the plan met their demands for an elastic currency. Having 12 regional banks was meant to weaken the influence of the powerful New York banks, a key demand of Bryan's allies in the South and West. This decentralization was a key factor in winning the support of Congressman Glass.
[75] The final plan passed in December 1913. Some bankers felt it gave too much control to Washington, and some reformers felt it allowed bankers to maintain too much power. Several Congressmen claimed that New York bankers feigned their disapproval.
[76]
Wilson named
Paul Warburg and other prominent bankers to direct the new system. While power was supposed to be decentralized, the New York branch dominated the Fed as the "first among equals".
[77] The new system began operations in 1915 and played a major role in financing the Allied and American war effort.[78] The strengthening of the Federal Reserve was later a major accomplishment of the New Deal.[79]
Banks LOVE wars. They make money from both sides. The losers need money to rebuild and the winners need money to win it.
So who do you think is cleaning up after GW Bush's "American Caesar" dealio?
FDR, almost universally hailed as a great President, was in fact essentially the worst. He ushered in Big Government in a failed attempt to bring America out of the Great Depression. The only thing that really brought America out of the Great Depression was World War II and only because we won, and America itself was not destroyed as was all of Europe and most of Asia, especially Japan, thus leaving America as the
only viable economy in the world.
Not that i am a conspiracy theorist (Ok, I am somewhat) but it has been theorized that JFK was assassinated because he wanted to do away with the Fed Reserve.
Federal Reserve conspiracy
Jim Marrs, in his book
Crossfire: The Plot That Killed Kennedy, speculated that the assassination of Kennedy might have been partially motivated by the issuance of
Executive Order 11110.
[55] The executive order, which was not officially repealed until the
Ronald Reagan Administration, delegated to the Secretary of the Treasury the authority to authorize printing of additional silver certificates, up to a maximum limit previously set by Congress. Since the President himself already possessed the same authority, the order did not endanger the careers of anyone working at the Federal Reserve.
[56]
This theory was further explored by U.S. Marine
sniper and veteran police officer Craig Roberts in the 1994 book,
Kill Zone.
[57] Roberts theorized that the executive order was the beginning of a plan by Kennedy, whose ultimate goal was to permanently do away with the Federal Reserve, and that Kennedy was murdered by a cabal of international bankers determined to foil this plan.
Actor and author
Richard Belzer has also discussed this theory. According to Belzer, the plot to kill Kennedy was a response to a postulated attempt by the President to shift power from the Federal Reserve to the U.S Treasury Department.
I am of course obliged to point out that Jim Marrs also thinks there is a vast Alien conspiracy too. and Richard Belzer isn't a very good actor. But those are topics for another day. Or not.
14 Reasons Why We Need to Nationalize the Fed
