Posted on 11/30/2016 6:08:13 AM PST by jneesy
So did GWB, and he was a investment banker stooge.
You are right.
It’s not the fact that Mnuchin worked for Goldman Sachs twelve years ago. It’s nothing particular about Mnuchin that disappoints me.
It’s that there are only a few finance types that Trump has met with who have advocated dismantling the Federal Reserve, and Mnuchin is not one of them.
Trump himself has talked about getting rid of the Federal Reserve, only once or twice, but it got my hopes up, and the fact that there were a few anti-Fed types on his list had me fantasizing that the swamp might really get drained.
I’m as pro Trump as they come - I think he’s doing great with his picks so far - and even on this Treasury pick, I understand he knows things I don’t know. Even if it’s a bad pick, he doesn’t have to bat 1000 to keep me as a fan.
Thank god we’re not watching crooked Hillary putting together her goon squad right now.
I’m just saying the Fed has to go - I wish Trump had picked an anti-Fed secretary of Treasury - it would have been a long reaching decision - one for the history books. Maybe he still will after he fires Mnuchin. Maybe Mnuchin is a closet anti-Fed.
What do I know?.
True Conservatives(tm) clutch pearls over Trump picks. Film at 11.
It's part of government.
needs to be audited,
It's audited annually.
throttled way back, virtually all of their private interests need to be prohibited
What are the Fed's "private interests"?
If they serve as custodians of our money reserves, they can’t also be investing it for their own profit (as they now are).
Do you know what they do with, "their own profit"?
Let’s not forget that Trump doesn’t make mistakes. I learned that from the same folks condemning this pick. The concerned have even invoked the Rothschilds in their attempt to heap scorn on the man who raised the money necessary to defeat the Hildebeast.
It’s basically figuring out who’s going to be the first round in the steel cage match.
I hope Mnuchin listens to death metal rather than jpop.
Wow! You're confused!
Let's take a single mega bank, as an example.
Bank of America cannot print money. Bank of America cannot print money and add it to "debt owed by the taxpayer to Bank of America".
That is the deal we the people have handed this group of mega banks known as The Federal Reserve.
No one handed your imaginary deal to the mega banks. And the mega banks aren't the Federal Reserve.
Among your other errors, you're conflating the members of the Federal Reserve system (the banks) with the Federal Reserve (the government agency).
No. I’m not confused.
The Federal Reserve is not a government agency - even THEY acknowledge that in their official blurb at federalreserve.gov.
To understand what the Federal Reserve is, and is not, you must go beyond their self-serving government publications and seek out what some of the Fed’s many critics have to say.
You can dismiss them as conspiracy theories if you want. I wouldn’t blame you because the truth about the Federal Reserve does sound far-fetched.
But don’t come here telling me I’m confused until you do a little more digging, and do it with an open mind.
We’re being scammed. The fiat money is backed by nothing but the “full faith and credit” of a faithless croney state.
All we have to show for one hundred years of Federal Reserve “banking” is twenty trillion of debt.
You are, in so many ways.
The Federal Reserve is not a government agency
They are.
To understand what the Federal Reserve is, and is not, you must go beyond their self-serving government publications and seek out what some of the Fed’s many critics have to say.
Right. Don't ask them, ask the people who are confused like you. LOL!
I wouldn’t blame you because the truth about the Federal Reserve does sound far-fetched.
The truth isn't far-fetched. Created by government, part of government. The nutty stuff though, far-fetched, silly, idiotic.
We’re being scammed.
By who? How? Be specific.
The fiat money is backed by nothing but the “full faith and credit” of a faithless croney state.
You bet. Doesn't make the rest of your silly errors any more accurate.
All we have to show for one hundred years of Federal Reserve “banking” is twenty trillion of debt.
Clowns like Obama would run up just as much debt even without a Fed.
You believe the Federal Reserve is a government agency - it is not.
There’s no point in continuing the conversation.
Post the reasons why you believe that. I'll be happy to show why they're wrong.
Before we launch into a war of semantics, I should confess that I don’t really care whether you believe me that the Federal Reserve is not an agency.
The term agency is so broad you could call almost any organization that, but you wouldn’t be adding anything to the discussion.
Here is a brief description I found at stlouisfed.org:
“The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public?
The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans. Member banks also appoint six of the nine members of each Bank’s board of directors.”
I believe there is support in that description for both your point and mine - so I say we call a truce.
The issue of whether you can call the Federal Reserve an agency is irrelevant to the points I was making.
I am saying that any appearances that the Federal Reserve is accountable to the federal government or to the people, are just that; appearances. If the Federal Reserve Act was originally passed with good intentions (which I doubt), it has since been coopted by special interests who do not represent what is best for the citizenry.
I think it was a sham from the get-go and I hope I live to see the day when politicians confront this corrupt gang of robber barons.
Again, I don’t really care if you call it an agency or what you call it.
That's fine....While the Board of Governors is an independent government agency
Thanks for the link that agreed with me. We can move on.
Let's look at some of your other claims.
needs to be audited,
It's audited annually.
throttled way back, virtually all of their private interests need to be prohibited
What are the Fed's "private interests"?
If they serve as custodians of our money reserves, they can’t also be investing it for their own profit (as they now are).
Do you know what they do with, "their own profit"?
You sound like a liberal... your words are democrat talking points. Trump NEVER said he was Hillary or Bernie or some liberal elite writing for the New York Times. He’s NOT a progressive.
Draining the Swamp takes the best Team Trump can put together... the smartest, most successful and dedicated. Trump NEVER said he would hire losers for these top spots... he wants the strongest and best ... and that’s what he’s getting.
So if you feel proven right then I don’t have to talk to you anymore?
You were right about everything. Now go away.
Obviously.
I don’t have to talk to you anymore?
Posting your "proof" would just give me more to mock.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.