Fed warns on Congressional scrutiny, page 2
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reply posted on 10-7-2009 @ 07:58 PM by ProtoplasmicTraveler
Originally posted by ModernAcademia
Originally posted by ProtoplasmicTraveler
Well Warren my friend, it's like I mused to the cashier at the Supermarket earlier this afternoon as I provided the legal tender for one Italian Submarine Sandwich and one pack of cigarettes...

"Hey these bailouts sure are working aren't they...only 15.00 for a sandwich and a pack of smokes!"


You thik so?
I mean here you are buying poison for what $10 or so during an economic crisis.

Let me ask you, how much money did you spend in the last quarter on smokes?

I mean I don't feel i'm going off-topic here
Informed people themselves aren't even saving during an economic crisis, but not only that they are buying cigarettes.

Are tobacco companies better than big pharma?
No? Than it's time to reasess

I just mean, if informed people haven't reach their point of no return how can you expect unimformed people to>

Yes yes, you don't care
You want your freedom to smoke
big. govt. can't take that away from u
ya ya
but that's not at all the point
imagine people now living in tent cities because of foreclosures
What would people with such smoking habits think in hindsight?


I have a few vices in the world, very few, just sex, drugs, rock and roll, and cigarrettes oh and gambling of course, ok so more than a few...

Life is after all a human experience and I don't buy into the scarcity paradigm.

At the start of the economic crisis (officially) last September a pack of cigarettes at my local super market was 4.17 with tax (I usually buy them cheaper at bulk outlets but on occassion get them at the supermarket for convenience sake) today after 9 months and 3 seperate tax increases that same pack of cigarettes at the supermarket is 7.33 the submarine sandwich was 7.43.

The joke of course between I an the cashier (who also smokes) is that she and I are both 'young' enough to remember when the cigarettes would have cost .35 that's right thirty five cents and the sandwich would have cost .99, that's right ninety nine cents and the transaction would have cost 1.50 versus 15.00.

Yes you too can see 1,000 percent inflation in your lifetime, and you my friend may have as well in yours.

Now the actual cost to a retailer for a pack of cigarrettes is about 1.70 and the rest is all tax. Increasingly the state and Federal Government are looking too people with vices to pay for the short falls in their fiscal and economic planning.

It's a double edged sword though because they are causing some people to have to give up their vices and I am sure if there is a G-d this is something that they certainly will go to heaven for, which I have on good authority is no where near as fun as Hell and has no casinos, bars or ciggarettes let alone race tracks and nude jello wrestling contests...Hell on the other hand, is reputed to be a fun place with not only a lovely tropical climate but ammenities to die for!

States are desperate to raise cash now through any means they can, speeding tickets, zoning violations, code violations, parking violations, I voted for that idiot violations etc., etc., etc.

In many ways Americans have helped kill their own economy by seeking out alternatively either foreign goods they percieve have a higher quality than domestic ones (Toyotas and Hondas verus Chevys and Fords) or cheaper than American goods but of lesser quality (every last little thing on the shelves at Wal-Mart). They have bought into the emotional jealousy appeal of the big corporations to villianize union workers that make a living wage to help the big corporations break up the unions and keep ALL workers from making a living wage, and bought into the foolish notion that some workers make 'too much' instead of realizing they themselves make 'too little'. They eat where they know illegal aliens make up a fair portion of the staff, they buy new homes that they know illegal aliens worked the construction jobs for less and the electician jobs for less that union workers would, they cross picket lines where union workers have tried to stem the tide, they are like the proverbial Las Vegas vacationer who might as well just send their paycheck to Vegas stay home and get some rest instead because they are such terrible gamblers only in this case they should have just sent their paychecks to China and America they do this to 'punish' the few American businesses that still manufacture in America for either not being inexpensive enough in their pricing or not making as nice a product in their eyes even though they often base that on assumption and word of mouth not actual critical comparisons.

The average citizen who can't understand what a critical part they play in the economy and could play in the economy simply chalks their own foolishness up to the Government not preventing them from doing this even while they complain the Government mettles in to many things already and for American businesses that still do struggle to make products here who don't understand their insatiable need to buy things as innexpensively as possible from companies and countries that have a much cheaper labor pool and much cheaper raw materials and usually much lesser quality standards, warranties, customer service and gaurantees too.

The citizen is as responsible for the mess the country is in as the government lets face it the government really is just an extension of the people who elect and live in that nation. We decry illegal aliens but tolerate them when it saves us a buck, gets our lawn mowed cheaper or the rolls and water to the table faster. We decry our corporations for exporting jobs but will buy from them anyway once they do. We decry the banks for extending too much credit but borrow too much to finance a lifestyle that we don't demand a living wage for our labors and live in fear of loosing our job and make do.

In reality I don't do any of those foolish things, it's Virginia Cigarettes I am buying, grown and made in America, and the high Taxes most of which go to the State of Florida and some of which go to the Federal Government are the only form of taxes I pay...over the counter sales taxes, and I wouldn't pay those if I don't have to and often look for ways not too.

I ride my bicycle everywhere now to avoid paying gasoline taxes, and I usually buy my cigarrettes at the nearby Indian Reservation in bulk to avoid Federal and State taxes on those.

Sure I still do a few harmful things and I look for ways to correct them but the reality is few people will even consider how they earn and spend their money could be harmful to America and the economy let alone look for ways to correct it.

I like to smoke, I don't buy into this idea that we all must suffer now, I think if people stopped buying into the idea we wouldn't be suffering so much.

Government can't do it all, in fact it already does too much and costs too much, they love to try to legislate political correctness and Christian right wing morallity but you will never, ever, see them try to legislate now use common sense.

Sadly neither do most Americans and that's really why we are in such a G-d awful mess.

Our forefathers would have started another revolution over the Federal Reserve, if not that the National Security Act, if not that the Patriot Act, we have turned into a nation of retarded whiners, complainers and hypocrites who just love being lazy and stupid and passing the buck and blaming everyone and everything for the things we did to ourselves.

Government can't stop that, not even Ron Paul, and if you listen to Ron Paul the reason most people who aren't Ron Paul fans think he is a nut, is because every word out of his mouth is something all to uncommon and foeign to most people now days...it's called common sense!


reply posted on 10-7-2009 @ 10:29 PM by Sirius20
Originally posted by ProtoplasmicTraveler
There is no doubt that auditing the Fed is going to end up hurting the economy.

That is no reason in and of itself for not auditing the Fed.

First of all since the Fed creates Fiat Instrument of Debt Currency out of thin air, how the heck do you audit that?

That’s like trying to get Tinker Bell to confess just how many wishes and spells she is capable of and has in her.
(She has told me 642, frankly I think she is lying though, she was turns out after waterboarding the strumpet it was 917)

Now like Don Corleone the Fed has some powerful friends, the Bank of England, the Chinese Reserve Bank just to name a few. Of course Don Corleone owns them all too including the Fed but they all pretend to operate independently instead of as the extortion and blackmail ring that they do operate as.

So you can look for our Trading Partners and Investors to use the other Reserve Banks to ‘punish’ us for the temerity of actually taking the time to investigate just how dishonest our dishonest system is.

Ultimately what the Fed has done in collusion with the other Reserve Banks of other Nations around the world is create an illusionary system that, well as I said, how do you audit and illusion.

Ultimately what they have done is build a house of cards, or a better metaphor would be a garage to park the world in. Pull out one card (the Fed) and the whole illusionary structure tumbles down.

It will cause the collapse of the illusionary financial markets, it will cause a rush on gold, it will cause the prices of commodities to skyrocket, and inflation to go through the roof, it will likely lead to chaos, rioting in the street, food shortages, gas shortages and anarchy not just here in America but throughout the world, and those are just the positive things that will come out of it, wait until you hear the bad things…

I hear the Fed is getting a new theme song courtesy of the Rolling Stones “Don’t play with me, because you are playing with fire”.

Of course I loved Def Leppards Pyromania Album!


[edit on 10/7/09 by ProtoplasmicTraveler]


You're right about the collapse of the illusionary financial market, but I think that the collapse is going to happen regardless if we audit the fed or not. Auditing it would just bring about that collapse quicker than if we just let the system crash on its own like we're doing now. So we're in for some tough times either way, but who's to say that the collapse will necessarily be a bad thing in the long run. If the right people really step up after the collapse happens and we remove the people that are raping our futures and our kids futures, there may be hope for humanity yet. I hope this audit actually happens so that the public can finally see that the people who claim they're working for the best interest of the public are seen for who they truly are. If we just let this continue, then TPTB could spin the collapse in their favor through the media and the people lose again and we just let them continue raping us by setting up another system that will allow them to stay in power and leave the people without any representation. A lot of people wouldn't even think twice about it. The tipping point is coming, but we can decide what happens after it's over and rebuild society the way it should be.


reply posted on 10-7-2009 @ 11:51 PM by rangersdad
reply to post by ModernAcademia



The Federal Reserve is not a part of the US Govt. It is a privately owned company, therefore it should be held to the same standards as any other business, including being audited by the IRS for its "discrepencies". And how in the world would it being audited affect world money markets? They are fear mongering, hoping that the government will fall for this tactic and not do anything.


reply posted on 11-7-2009 @ 02:37 AM by GreenBicMan
reply to post by ProtoplasmicTraveler



The only thing I would have to say to you is buy your food at a grocery store where it is much cheaper if you dont live out in the boonies and drugs are going to be the first thing tax'd no matter what.

You shouldn't complain about high cig prcies too just because of your personal addiction. Many countries are much worse, and just think of that 5 dollar pack of cigs could prob. feed 10 starving kids in xxxx country at least for one day.

I have a million and one vices as well lol, unfortunately as well mine are more than 7.99, but I do put in the work for them I guess, because if you like things that cost money, of course you do what you gotta do to get them. but "death and taxes" is the sad reality


reply posted on 11-7-2009 @ 02:58 AM by Phenomium
Originally posted by ModernAcademia


”I would hope that the Congress might think about whether there are ways of strengthening the Federal Reserve’s commitment to consumer regulation as an alternative to creating a new regulator,” he said.


Pathetic!!!!

The article says that the FED is saying that an audit would hurt the markets. What does that mean?
Truth is anti good economy?

Lol, is that even an argument?

I'm glad though, this audit the fed is gaining more and more support. I'm so surprised I must say!

The below videos are all from today!








Go Audits GO!!!!!!!!!

I am the only one surprised that it gathered this much steam here?

www.ft.com
(visit the link for the full news article)


Don't be so quick. What they are saying is if you don't stop with all of this talk about auditing and probing the Federal Reserve they are going to collapse our economy so bad that it will impact future generations immensely. Your children and your children's children will just be the first of the recipients of destitution and indigence. Considering they have been in operation since 1913 and have been gunning for and owning our economy ever since there was an economy.....all they have to do is call in all debts and just stop the flow of pecuniary circulation and they will do it. They have many times before, but now they are closer than ever to world-wide slavery and they will make this one hurt.


reply posted on 11-7-2009 @ 03:27 AM by Neo_Serf
reply to post by GreenBicMan



When attempting to uproot an alien and hostile plant from the garden, it is necessary to go to the root of the invader and yank it up, not prune its leaves back a bit.

An audit of congress would just lead back to the fed anyways, so lets skip the bull and go strait to the source.
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