posted on Jun, 3 2009 @ 05:13 PM
I attended a luncheon today, with the KC FED bank. They paid for the lunch and they didn't spare any expense - filet mignon with cheese cake for
dessert. There were probably 150 people in attendance. It was an "invitation only" luncheon of business people (mainly bankers, investors and
politicians) and I invited myself by calling the event planner at the bank and asking if I could attend. She was more than happy to put me on the RSVP
All of the state legislators from 2 counties were there as was the representative of my congressman (the one that wanted to meet with me a week or 2
ago about my letters to the editor). I sat at a table with a couple of Morgan Stanley Dean Witter stock brokers.
I didn't get a chance to ask a question, but there were 2 great ones asked. One was asked by an old guy. He referred to FDR collecting all the gold
and then Eisenhower wanting to audit Fort Knox. He said there hasn't been an audit in over 50 yrs. and said, "where's the gold?" To which the FED
president of the KC bank responded, "I don't know about the gold in Fort Knox, but I have been to the vault of the NYC FED and it has a LOT of
gold." HA HA HA HA - Is it any wonder where all that gold came from!!????
Try, Fort Knox.
Then, the last question was from a guy that asked, "Since you've doubled the money, don't you have to cut it back now and how are you going to do
that?" That was great too. THe response was that they would need to sell assets.
The overall point of his speech was that they will have to raise interest rates AND decrease the money supply. He repeatedly referred to inflation and
how this is all a balancing act in which they just "hope" for the best.
Anyway, fun stuff.
When it was over, the stock broker next to me asked me what I thought about the speech. I told him it was about cutting
the money supply and increasing interest rates. Then I told him that the FED is EVIL and went on to say, "Who owns the FED? Might they be the same
people that own the centralized bank of China?" He laughed and I said, "Seriously, do you know that they're NOT the same people?" He didn't laugh