Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: bobjam
"The same way Congress is filled with experts on the myriad other things they run?"

It is we, (that includes you), who elect our Congressmen. One thing about them running the monetary system is that they are known, and they can be replaced every four years. Are you aware that the Fed's Board of Governors are appointed for FOURTEEN YEARS? How are they held accountable for major screw ups?

Your good buddies who actually have the controlling interest in the Fed are the hugely trustworthy men of the :

Rothschild Banks of London and Berlin

Lazard Brothers Bank of Paris

Israel Moses Sieff Banks of Italy

Warburg Bank of Hamburg, Germany and Amsterdam

Kuhn Loeb Bank of New York

Lehman Brothers Bank of New York

Goldman Sachs Bank of New York

Chase Manhattan Bank of New York (Controlled By Rockefeller Family Tree)

It is these "hugely trustworthy" people, and the unknown shareholders, (the Fed does not trade publicly), who recieve the billions and billions of dollars the Fed earns yearly by charging us interest on money they have produced out of nothing.

And yes, if the Congress actually did run our monetary system, as they formerly did, many of them would need to have degrees in finance or economics in order to get elected. It, (their economic acumen), would become a major issue at each and every election, so holding degrees in finance would be a great asset to getting elected. It would also put the AMERICAN monetary system back in AMERICA.

12 posted on 04/23/2008 11:31:43 AM PDT by houstonman58 ("When the Son of Man returns, will there be any faith left on earth, think ye"?)
[ Post Reply | Private Reply | To 9 | View Replies ]


To: houstonman58

Wow, thanks for telling us. I am really glad to know that people with real experience in banking are running the show versus picking up dolts off the street. Based on their history of running successful banks, yes, they seem far more trustworthy than all the kooks out there who condemn them from their mommy’s basements.


13 posted on 04/23/2008 11:37:47 AM PDT by mnehring
[ Post Reply | Private Reply | To 12 | View Replies ]

To: houstonman58
Oh, and the Fed does not print money either- that is done by the Treasury. The Fed makes loans to banks or sells notes to collect deposits. They are the bank's bank. The Fed also sets reserve requirements for banks- requiring them to keep some of their deposits on hand (either at the
bank itself or on deposit with the Fed) to meet possible withdrawl needs. Without the Fed there is no such requirement which contributed to the run on banks and ensuing crash in the 1920’s- the reason the rule was put in.
14 posted on 04/23/2008 11:44:17 AM PDT by mnehring
[ Post Reply | Private Reply | To 12 | View Replies ]

To: houstonman58

Take it to Stormfront asshole.


15 posted on 04/23/2008 11:49:49 AM PDT by Anti-Bubba182
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson