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Originally posted by contemplator
... or building a secret underground city to ride out the impact.
Originally posted by Evisscerator
The Federal Reserve Bank is owned by 300 private individuals and their families.
They are not part of the United States government. They are not owned by the United States government .... Look up the Federal Reserve Act of 1911/1913.
These are the people who are responsible for getting America off the Gold and Silver Standards. These are the people who can MAKE MONEY OUT OF THIN AIR without accountability. These are the people who's DEBIT INSTRUMENTS are worthless in the global economy and markets at the present time.
Frankly, we could shut the Federal Reserve down and let the 300 families that own it be responsible for paying off THEIR DEBTS to China and the World Bank. All it would take would be to put an end to the Federal Reserve Act and for the US Treasury to start printing its own money backed by Gold and Silver again.
This is not a hard thing to do. It is hard for elected officials to do because of the Puppet Masters pulling their strings.
The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them.
Originally posted by DraconianKing
Does anyone know how I can hide $9 trillion I just came into? I really don't want to pay the taxes on it and my volcano lair isn't ready yet.
Originally posted by grey580
Am I the only one that's thinking that money is going into some black operations budget?
9 trillion! Are we fighting a war in outer space or something and we aren't being told about it?
The numbers are staggering to say the least. And I can't imagine that amount of money just disappearing. I mean could it be possible that some greedy bastard is just raping the crap out of the Fed? I can't imagine that amount of money being stolen without someone knowing and approving it.
There's no fricken way that's not being used for something.
The actions by the fed during 2008 and 2009 have been quantitative easing,
QE is basically just printing money. You don't do it with ink and paper, you do it electronically, but it has the same effect.
Where does the money come from? The Bank just creates it out of thin air. If you're thinking that this sounds pretty unusual, then you'd be right. As John Hardy at Saxo Bank points out: "The most interesting aspect of this is the announcement that the BoE will be purchasing government debt, as this represents outright debt monetisation, which can be considered one of the most desperate forms of money printing by a central bank. Not even the US Fed has taken this step yet, though it has declared that it is considering the effects of doing so."
Will it work? There are a couple of problems. The banks – in their distinctly frail condition – may decide to hoard any cash raised from QE rather than lend it out. So the extra money may not even be offered to people and businesses.
But what if it does work? Well, then you have a whole new set of problems. The ultimate aim of QE is to encourage inflation. But inflation isn't an easy thing to control. Policy makers reassure us that they'll stuff the genie back in the bottle once growth returns to the economy. But given their performance so far, and given that this is new territory for monetary policy, what makes us think that they will somehow be much better at managing monetary policy this time round?
And given that this is an artificial stimulus, even if it works, what's to say that the economy won't just collapse again when the printing press is turned off?
Originally posted by burlysoft
...meanwhile, my Congressman, David Wu (Oregon), doesn't believe HR 1207 is warranted, stating "I respectfully disagree that being an independent agency makes Federal Reserve in any way less accountable to the American people".
To the wise ATS members tuning in, how would you attempt to change the mind of your congressman if he believed this way?