What about the Rockefellers?
The Trilateral Commission?
The CFR? The Illuminati?
Skull & Bones?
The Lucis Trust?
The all seeing eye on the pyramid on the dollar bills?
What the...?
Posted on 06/26/2008 10:30:36 PM PDT by TigerLikesRooster
The Shrinking Influence of the US Federal Reserve By Gabor Steingart in Washington
Humiliation for Mr. Dollar: Ben Bernanke, the chairman of the United States Federal Reserve Bank, faces a general investigation by the International Monetary Fund. Just one more example of the Fed losing its power.
The United States Federal Reserve Bank, or Fed, seems as much a part of America as Coca-Cola or Pizza Hut. But at least one difference has become apparent in recent days. While the pizza chain and soft-drink maker are likely to expand their scope of influence in the age of globalization, the US central bank is finding that its power is shrinking.
(Excerpt) Read more at spiegel.de ...
Officials with the International Monetary Fund (IMF) have informed Bernanke about a plan that would have been unheard-of in the past: a general examination of the US financial system. The IMF's board of directors has ruled that a so-called Financial Sector Assessment Program (FSAP) is to be carried out in the United States. It is nothing less than an X-ray of the entire US financial system.
Ping!
As if the IMF has a freakin clue about anything.
As a preparation, it is good to make it appear that the Fed has a diminished influence.
But I may be wrong...
Hey, if others can come in and claim bailouts of financial firms and bad investments isn’t “allowed,” I wouldn’t have much of a problem with it.
Dang government handouts never stop. Let people who make bad investments suffer through them.
//As if the IMF has a freakin clue about anything.//
We are in a war, the IMF is just a tool right now IMO.
Of course they will declare the patient on life support.
I don’t know about anyone else, but I’m getting really tired of international meddling in our business.
I also think that the inflation spiral is really going to take off with the high cost of energy as it filters through the system. Debts will go into default, banks will become financially unsound, and the only way to stop the damage is to print more money, making it more severe. Thank you Fed. There will ultimately have to be a devaluation of the dollar by a substantial amount.
We need to stop this nonsense, but it has gone too long to stop the carnage now.
Hold on to your hats.
“IMHO this is all set up to equalize currencies and to create a world-wide “Fed”.”
I believe you are in the right direction here. The IMF wants to become the world-wide Fed. As to the question posted after yours about the Tri-Lateralists, CFR, etc. (did they mention the Rothschilds?) - folks like those (wealthy lefties) would probably support such a move.
Keep in mind though, that the IMF has a history of pushing countries to raise their interest rates too high, strengthening the local currency, but pushing the local economy into recession, or worse.
"I was in the pool! I WAS IN THE POOL!"
You guys always forget to mention that they are reptilian shapeshifters from another planet. ;)
PING
I would think that defaulting on debts would be reduced by inflation. If the value of a dollar goes to a dime then it will be ten times easier for me to pay off my mortgage.
In fact, I've already started raising the prices I charge to cover the current inflation. Others will move to new jobs that pay more. (Those with "fixed incomes", however, are at the mercy of Uncle Sam.)
the Fed is a private club that is giving my money to its buddies
Oil and corn is not up
its just that the dollar is down50%
And so is your savings and that money was given to wall st by the fed
We can thank Greenspan and his sidekick with the helicopter beanie for turning us into the United States of Argentina, along with a lot of help from their pals in New York.
There are two ways to cause inflation. One is the ponzi scheme way - pay interest by loaning "us" the money. Overall debt and interest payments escalate, but it has worked for many years, and this is what the FED is doing now. Second is fiscal. The Federal government prints more money and spends it, say raising federal salaries and transfer payments. Of course this is pure inflation, and within months everyones costs and salaries will increase to compensate. But it reduces that fraction of personal income that goes to debt. If at the same time you clamp down on regualations for issuing new debt, and raise interest rates dramatically, you can get debt under control.
LOL! That’s funny! I just finished reading “Illuminatus” by Robert Anton Wilson. The book combines every conspiracy theory you ever heard of. Great comedy.
Ahh, see, this is what they want you to believe. I heard Bernanke had all the choppers painted green for his dollar dropping adventures.
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