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11-25-2013, 09:47 AM
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#31
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BANNED
Join Date: Oct 22, 2013
Location: Clarksville, Austin, Tx.
Posts: 728
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Quote:
Originally Posted by Whirlaway
GNP triples and America's working/middle class get a smaller piece of the pie; the central bankers, washington political class, and corporate elites have the system fixed............
America is being ripped off..............and the working middle class will get stuck with the bill when shit hits the fan !
Wow....look at this...and what happened in the 1970s?
In the 1970s Nixon handed over the last set of keys to the unelected Federal Reserve...
http://www.cbpp.org/cms/?fa=view&id=3629
In the meantime; Americans will get tossed a bone or two (Obamacare, Obama phones, etc) and our wealth continues to be siphoned from us.
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Yes, it is a rigged game in favor of the wealthy, but not because of the Fed. The Fed is creating money the rest of the world wants to use, sort of like bitcoin but the US taxpayers own the equity. The Fed is easier to hate than understand, but it being hard to understand prevents the rest of the world from realizing our paper money is backed by......nothing but the full faith and credit of the US government, rather than gold we would have to actually pay for. The rest of the world probably understands at some level we are suckering them but there really is no better alternative, except maybe Euros.
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11-25-2013, 09:56 AM
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#32
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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The fed is the middle man enabling the con game to be played out !
I am all for arresting the middle level drug dealers, if you can't get the king pins ( in Washington and Wall Street).
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11-25-2013, 10:38 AM
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#33
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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It was the poverty caused by the bad influence of the English bankers on the Parliament which has caused in the colonies hatred of the English and . . . the Revolutionary War.”- Benjamin Franklin
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”- John Adams
“All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”- John Adams
“If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied”.— Thomas Jefferson
“I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs.”- Thomas Jefferson
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11-25-2013, 11:04 AM
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#34
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Quote:
Originally Posted by Whirlaway
It was the poverty caused by the bad influence of the English bankers on the Parliament which has caused in the colonies hatred of the English and . . . the Revolutionary War.”- Benjamin Franklin
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”- John Adams
“All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”- John Adams
“If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied”.— Thomas Jefferson
“I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs.”- Thomas Jefferson
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+1000!!!
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11-25-2013, 11:26 AM
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#35
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BANNED
Join Date: Oct 22, 2013
Location: Clarksville, Austin, Tx.
Posts: 728
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Quote:
Originally Posted by Whirlaway
“I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs.”- Thomas Jefferson </b>
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The Federal Reserve is the government!!!!!!
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11-25-2013, 11:28 AM
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#36
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Folks, instead of bitching, you need to learn to start playing the game. You sound like the OWS crowd....one step further.
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11-25-2013, 01:24 PM
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#37
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Valued Poster
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 18,787
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Quote:
Originally Posted by Whirlaway
The fed is the middle man enabling the con game to be played out !
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The Fed doesn't determine how wealth or income are distributed. It just provides the grease that allows wealth to be created. You're barking up the wrong tree.
You are so out of it you probably have no idea what Quantitative Easing is. That's where the intelligent debate about the Fed is focused, not on mindless slogans or 230-year-old founder quotations. Why don't you try to understand and engage in the REAL debate? You can start by reading what two of your fellow Texans who are highly critical of QE have to say:
http://www.yocashflow.com/106493/phi...challenge.html
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11-25-2013, 01:55 PM
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#38
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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Quote:
Originally Posted by lustylad
The Fed doesn't determine how wealth or income are distributed. It just provides the grease that allows wealth to be created. You're barking up the wrong tree.
You are so out of it you probably have no idea what Quantitative Easing is. That's where the intelligent debate about the Fed is focused, not on mindless slogans or 230-year-old founder quotations. Why don't you try to understand and engage in the REAL debate? You can start by reading what two of your fellow Texans who are highly critical of QE have to say:
http://www.yocashflow.com/106493/phi...challenge.html
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I'll give you $50 for that $100 bond
just don't spend it on pussy
there is where you lose whirlie
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11-25-2013, 02:23 PM
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#39
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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Phil Fucking Gramm?
That is laughable.....Mr. Insider who pushed the legislation that broke down the wall between investment banking and commercial banking? The man who wrote the legislation exempting CDS from regulation.
The last man on earth that any sane person should be paying attention to.
The fed most certainly determines (along with Wall Street and Washington Elites) how wealth is distributed; you are the one who is behind the curve and doesn't understand what is going on.....what do you think QE is all about......it is about income redistribution; to the tune of about $30 billion a month.
Why don't you try reading what we can replace the FR with = try a free market approach...but you are so fucking brain washed you probably think that is what we have now; and call yourself a free market thinker !
http://reason.com/archives/2012/09/13/occupy-the-fed
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11-25-2013, 04:50 PM
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#40
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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BTW, the "real debate" is about abolishing the power of the FR.....the statists want to keep the debate limited to lesser subject matter, like "QE - too little or too much" ! You know, the kind of crap on CNBC or FBN......keep the public distracted from the real theft that is going on between Washington and Wall Street.
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11-25-2013, 05:00 PM
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#41
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by Whirlaway
BTW, the "real debate" is about abolishing the power of the FR.....the statists want to keep the debate limited to lesser subject matter, like "QE - too little or too much" ! You know, the kind of crap on CNBC or FBN......keep the public distracted from the real theft that is going on between Washington and Wall Street.
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Peace brother Whirly!
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11-25-2013, 06:40 PM
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#42
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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I don't disagree with you WTF; I have posted many times that OWS and the Tea Party have common cause.........................
Quote:
Originally Posted by WTF
Peace brother Whirly!
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11-25-2013, 07:29 PM
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#43
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BANNED
Join Date: Aug 28, 2012
Location: Niagara
Posts: 6,119
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Quote:
Originally Posted by WTF
Folks, instead of bitching, you need to learn to start playing the game. You sound like the OWS crowd....one step further.
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That's the crux of it...should our best minds address the depravity of the World's financial markets, and face the issue of how those markets are used and manipulated to concentrate power in the hands of very few, or should those minds just hop into the game and steal their share.
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11-25-2013, 07:39 PM
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#44
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by JohnnyCap
That's the crux of it...should our best minds address the depravity of the World's financial markets, and face the issue of how those markets are used and manipulated to concentrate power in the hands of very few, or should those minds just hop into the game and steal their share.
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All markets are ''used and manipulated to concentrate power in the hands of very few'', that is the nature of man. That is Capitalism fundamental flaw...and all other forms of government!
Life is a power grab. That is all politics is....a fucking power grab!
Grab ya some or move the fuck outta the way!
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11-25-2013, 07:42 PM
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#45
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Quote:
Originally Posted by Whirlaway
I don't disagree with you WTF; I have posted many times that OWS and the Tea Party have common cause.........................
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Where were ya when I was defending those poor bastards! Seems like the whole right wing section of the board was shitty on them and I was saying that they were the city slicker version of the Tea Turkeys! Sanford and Son vs Duck Dynasty!
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