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The only progress in America for last hundred years has been by the public and private sector offerings..
IN SPITE of the Federal givernment.. and most State givernments..
Posted on 03/20/2013 12:24:08 PM PDT by reluctantwarrior
Why the sudden anxiety over a one time 10 percent haircut out of Cypriot bank accounts?
Bought a house, Jan ‘67, $21,300, now appraised at $450,000(lost $75,000 last few yrs.) Inflation is REAL
I understand the system. And I understand the alternatives.
The Fed to banking is a bit like democracy. It’s the worst system except for all the others.
The FED in my opinion had done a wonderful job through the years. It’s doing exactly what it should be doing now.
It’s not the FED’s fault that congress has overspent. Switch to a gold standard and a corrupt Congress will still borrow and promise your children will repay in gold.
The FED can’t fix bad economic policy coming out of congress or the executive. The FED didn’t cause our jobs to be outsourced overseas, lowering the tarrifs from their historic norms to just 1% did.
Gold’s in a bubble right now. But even so, since 1913, the inflation rate in gold has been a whopping 4.5%.
As they print more fiat money GOLD(and other things) rises(inflates)... can’t print more Gold an many other things... Duuugh..
The World’s pending financial collapse is very very ON PURPOSE.. (guided)..
Just like the one in the 1920’s in america....
Chaosville is on it’s way... many bubbles are ABOUT to BURST...
So that givernment GANGS can ride in to pick up the pieces..
Much like what Stalin, Hitler and Mao did... and many other tin pot dictators..
Interesting to WATCH Obama and the minions that control him parlaying this shell game.. Seems that the minions than control OBAMA ALSO controlled the Bill Clintoons and dare I say THE BUSH’S as well...
That's like getting all your facts from the English version of what Arafat said. Seriously, read conspiracy crap if you want, but check their facts. If you fail to do that, you're just as uninformed as those people that ACORN are registering, who are voting for personality or skin color or anything but informed reason.
Did it ever occur to you that they need to print more money as the population increases or as the supply of good increases?
If they don't we get deflation. And deflation is strongly linked to economic depressions. And we used to have economic depressions every 20 years before we came off the gold standard.
The Fed to banking is a bit like democracy. It’s the worst system except for all the others.
WRONG again... democracy is a lie....
No democracy has ever been democratic... NONE..
and WHy? the American Constitution has no word resembling democracy in it ANYWHERE.. ON PURPOSE..
Democracy is shell game.. a bait and switch.. a boondoggle..
Only juvenile mentality’s are fooled by it... like yours..
Socialism is a symptom of the political disease of democracy...
Democracy is indispensable to socialism. The goal of socialism is communism. -V.I. Lenin
The meaning of peace is the absence of opposition to socialism .-Karl Marx
NOTE: Democracy was, is and always will be MOB Rule.. exactly like Monarchy, Fascism, Communism and several other “isms”.. Central banking is a Financial Political Coup D’ Etat.. Democracy is rule BY MAFIA... Sheep Farmers.. milking, shearing and butchering the sheep and lambs.
Why do you call it conspiracy crap? What do you consider a reference for the creation and history of the Fed?
Since you didn’t post a citation refuting any earlier posts why should I even listen to your opinion?
If you are so informed why no citation or excerpt refuting anything I have posted?
So take your own admonition and offer facts thanks for playing....
Did it ever occur to you that they need to print more money as the population increases or as the supply of good increases?
DEFLATION is the normal logical honest adjustment to a bizaar financial situation..
ITS NORMAL... taking “pills” to make it go away can and will make you “SICKER” than you were BEFORE...
Printing fiat money can and does make money worth-less..
Until the money actually becomes “WORTHLESS”
Its happened many times before AND IS HAPPENING NOW AS WE SPEAK..
Clues: “There are no FREE lunches”... and “There is a sucker born every minute”... Do you have Down’s Syndrome?..
Are you on medication?
Are you on medication?
Yes.... what flavor of Kool-Aid do you drink?...
Read the law and perhaps you will understand why I call what you're reading conspiracy crap.
12 USC Chapter 3 - Federal Reserve System
Read the law and perhaps you will understand why I call what you're reading conspiracy crap.
Read the law and perhaps you will understand why I call what you’re reading conspiracy crap.
What wrong with conspiracy’s?... There are so many it hard to count them all..
A good one is the VENONA FILES.. man that is a good one...
Then there is Vince Foster!... Sandy Berger(burgular)!.. JFK assination!.. Whittaker Chambers! and HIss!... Ted Kennedy murder!... and all the other people murdered on the Clintoon death list.. and of course Bengazi and “Fast and Furious”...
The whole FDR presidency was and is conspiracy.. and no doubt HArry Trumans as well.. don’t get me started on Wilson!... <<- NO not the soccer ball the President..
Talking about Washington D.C. it is hard to find a time were there was NOT multiple conspiracy’s going on.. not to speak of most States.. and even local givernments..
The entire democrat party was and is a conspiracy against this republic.. NOT just local intrigues but OUTRIGHT conspiracy’s..
WHat do you put “IN” your Kool-Aid?...
real sugar
Did you read the law before you sent it to me? Maybe you should
12 USC § 282 - Subscription to capital stock by national banking association
Every national banking association within each Federal reserve district shall be required to subscribe to the capital stock of the Federal reserve bank for that district in a sum equal to six per centum of the paid-up capital stock and surplus of such bank, one-sixth of the subscription to be payable on call of the Board of Governors of the Federal Reserve System, one-sixth within three months and one-sixth within six months thereafter, and the remainder of the subscription, or any part thereof, shall be subject to call when deemed necessary by the Board, said payments to be in gold or gold certificates
Did you read the law next time read it before you call any one out on whats init.
12 USC § 289 - Dividends and surplus funds of reserve banks
(a) Dividends and surplus funds of reserve banks
(1) Stockholder dividends
(A) In general
After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend of 6 percent on paid-in capital stock.
(B) Dividend cumulative
The entitlement to dividends under subparagraph (A) shall be cumulative.
For example the Clinton legacy of mysterious deaths, at least sports a long list of deaths associated with the Clintons who died under suspicious circumstances with potentially valid motives.
This Fed stuff doesn't qualify. Too many facts are availble for checking and debunking.
Just like the claim that was made that "there's nothing Federal about the Federal Reserve", and I was instantly able to name many things about it's control structure and profit structure that are entirely Federal in nature.
Most of these Fed conspiracy theories make wild claims about who really owns and controls the FED. But the stockholders of the Federal Reserve banks are listed. And the control structure is unlike any other business. Each bank no matter how small in a Federal Reserve district gets one vote, no matter how much capital they have. No matter how much stock they bought. You'd have control a thousand banks in each district to have any influence.
And you can see the major stockholders of the various banks. It's in their public filings. And it's not the Rothchilds, and it's not Europeans.
It's just easily debunkable crap.
Then you start looking at the job the Fed did. And you compare it to what happened under the Gold standard when we had deflationary depressions every 20 years and the value of the dollar swung wildly, sometimes as much as 25% in some years. And you start appreciating the year to year stability to the dollar that the FED brings.
Then you look at the progress America has made over time under the Fed. And it's good.
Contrary to your claim that the Federal Reserve collects 6% on the total M1 money supply, that's 6% paid out on the capital stock that the member banks put into the Federal Reserve banks.
The paid in capital from member banks for all of the Federal Reserve banks totals $27 billion ($27,217,000,000). The paid in capital is the capital that banks put up to form the Federal Reserve banks. And the Federal Reserve banks pays a profit of 6% on that or $1.6 billion in annual interest.
So understand that, the total of all member banks of all Federal Reserve banks got $1.6 billion in interest on their paid in capital. And the Federal treasury got the rest of the profit which was $88.9 billion in interest.
You can see this ratio as well under the section titled "Distribution of Income" in the above link. Compare how much the banks got to the Treasury. Banks didn't get squat.
Contrary to your claim that the Federal Reserve collects 6% on the total M1 money supply, that's 6% paid out on the capital stock that the member banks put into the Federal Reserve banks.
The paid in capital from member banks for all of the Federal Reserve banks totals $27 billion ($27,217,000,000). The paid in capital is the capital that banks put up to form the Federal Reserve banks. And the Federal Reserve banks pays a profit of 6% on that or $1.6 billion in annual interest.
Combined Report Federal Reserve
So understand that, the total of all member banks of all Federal Reserve banks got $1.6 billion in interest on their paid in capital. And the Federal treasury got the rest of the profit which was $88.9 billion in interest. Federal Reserve Profit
You can see this ratio as well under the section titled "Distribution of Income" in the above link. Compare how much the banks got to the Treasury. Banks didn't get squat.
The only progress in America for last hundred years has been by the public and private sector offerings..
IN SPITE of the Federal givernment.. and most State givernments..
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