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originally posted by: ZzurvanN
Here's some more "Russian propaganda" for you:
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson
“The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction... I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity... is but swindling futurity on a large scale.” - Thomas Jefferson
originally posted by: gottaknow
a reply to: dragonridr
The first quote is indeed, false. But, the 2nd one is his. And Jefferson definitely wasn't a fan of banks. And as for the quote itself, it sure rings truth.
originally posted by: aboutface
a reply to: keenasbro
Something I read a few days ago made me wonder who Pope Francis was really addressing with his new "geopolitics of mercy" policy on banking, until I read your OP and the links contained in this thread.
It may not be related, but then again I think it bears a mention as at the very least, it could be an irritant in the bankers' agenda:
Link between big finance and the exercise of power needs to be broken
The Holy See calls for a “financial system that works in service of society”, condemns “the war and all forms of nationalistic arrogance or egoism, including in its financial manifestations” and promotes “an ethical sense of responsibility on the part of big political or economic agents,” encouraging “the free and efficient participation of the poor in building their own economic dignity”.
I forgot to thank you for this thread, as their existence was hitherto unknown to me. That's some mighty interesting reading.
The Vatican Bank is one of the most mysterious institutions in the world. The completely independent financial institution is run by the Catholic Church, and until 2013, had never released so much as a financial report.
originally posted by: Aedaeum
a reply to: dragonridr
I would love to see this expounded on. From everything I've read, it sounds to me like the Federal Reserve is its own entity not governed by anything...
Please make your own thread on this, I think it would stir up some good debate
The Rothschild family does not own the Federal Reserve. No family OWNS the Federal Reserve. Perhaps you don't realize how the Federal Reserve is structured or operates.
In the current system, private banks are for-profit businesses but government regulation places restrictions on what they can do. The Federal Reserve System is a part of government that regulates the private banks. The balance between privatization and government involvement is also seen in the structure of the system. Private banks elect members of the board of directors at their regional Federal Reserve Bank while the members of the Board of Governors are selected by the President of the United States and confirmed by the Senate. The private banks give input to the government officials about their economic situation and these government officials use this input in Federal Reserve policy decisions. In the end, private banking businesses are able to run a profitable business while the U.S. government, through the Federal Reserve System, oversees and regulates the activities of the private banks.
It is a compromise and combination between public/government oversight and private/for-profit business.