I realize that! But it does NOT make it legal. The Fed has ZERO authorization to spend money - that responsibility lies soley with the House of
Representatives. Not even the Senate can spend money.
You are wrong good Sir,
The house and the senate have all ready given the Fed approval to exactly print as much money and use that money to bail out banks. That's exactly
what the Tarp bill was for. It was a no questions asked, Blank check.
By my estimates the Fed had spent 2.5 Trillion so far. This was the actual cost of the Bail out. But they are free to legally print and spend more.
The 700 billion number was just a number tossed on TV for Idiots that watch TV.
I would Star and flag this thread but I can't get passed the horror of this being News to some people.
Originally posted by sos37
Can someone answer this question - hypothetically speaking, what would happen if the Federal Reserve were abolished? How would that affect our
I honestly really don't have a clue and I worry that it's downfall would do a great deal of harm. Is it one of those necessary evils that's
propping up our fragile economy right now?
Well, its most certainly not a necessary evil... so if we abolished the FED and let congress do its job in issuing currency then you'd probably see 1
of 2 things. Either the continence of the pyramid scheme(FIAT Currency backed by nothing) just under different leadership or you'd see them move
towards a currency backed by a mix of commodities and precious metals / resources. If we move to a currency backed by something tangible / of value
then banks would probably go under (or at least claim they're going under) and depending upon how fed up our government is they would either bail
them out again, or tell them sorry you're S.O.L. If the latter happens then those banks and Wallstreet would have to revise how they do business.
I'm sure there could be turmoil in the beginning but in the long run it would benefit our economy and the way our financial sector runs. By backing
currency you end up with a checks and balances system that is almost fool-proof, i.e. you can't print money if you can't back it up. You'd end up
with stability and Wallstreet would feel less like a casino and more like an honest financial market. Also, the income tax would be revised... or if
it isn't, with no need to pay interest on fake money we could start being responsible and pay off our debts. Some sectors would suffer, but those
sectors that do fail were probably being supported by fiscal fallacies, anyway.
There are so many factors its almost unknown what would happen, one could speculate, but in the end, I believe its best for our country. The gold
standard worked for years, but greed got the best of some weak-minded men.
Originally posted by Izarith
I would Star and flag this thread but I can't get passed the horror of this being News to some people.
Howdy, Izarith. The point isn't so much that it's a novel disclosure of information as it is that such information is being mentioned by the
mainstream and ordinarily biased media. The merit is in the 'where' rather than the 'what'. It's tantamount to MSNBC disclosing H1N1 as
There will be lots more of this to come. I can't help feel they are just trying to bait the general public. Everything I am watching and seeing gives
the impression they want civil unrest so much. They want a revolt so they can come down with an iron fist.
Agree, well put. And when JFK tried to change it and printed some REAL Governement issued Grren Backs (I think only about $5 million?? worth) outside
of the FED, he paid for that with his life. And the sheeple still belive Lee Harvey Oswald was the killer, what a joke....... JFK was the last
President to stand up to this, but well, thats histiry now....
So when they're broadcasting their usual propaganda you cry bloody murder, but now that the message fits your understanding of what's going on, you
decide to trust them.
All this is just a distraction.
They blame someone (Alan Greenspan and the FED), "deal" with that someone, and all is well again.
If you buy this crap, or give any significance to what they have to say, then i guess you had it coming.
Morpheus: The Matrix is everywhere. It is all around us. Even now, in this very room. You can see it when you look out your window or when you
turn on your television. You can feel it when you go to work... when you go to church... when you pay your taxes. It is the world that has been pulled
over your eyes to blind you from the truth.
Neo: What truth?
Morpheus: That you are a slave, Neo. Like everyone else you were born into bondage. Into a prison that you cannot taste or see or touch. A
prison for your mind.
I always try to explain the FED to my friends who don't understand it but it's like your asking them the square root of something.
The usual response is "ohh that's just conspiracy or your info is wrong"
I always have a simple response. I always tell them to go to the Bank of Canada's website and research how the board works and decision processes
The Ministry of Finance has a seat at the board but no vote. Therefore the government can only try to influence but has no power to vote on decisions
and therefore the BOC can do whatt they want regardless of the governments wishes and nothing has to be made public because of their private
It's the same with every country. If our tax dollars are backing their lending not only to our own governments but all the other lending they've
done rests on our shoulders should things go south.
If that's the case then we the people have every right to know every aspect of what they are doing because without us there is no new money produced.
We're the money behind this deal, the FED is only the middle they should be paying us a return for backing their finances.
Every year the taxpayers should get a nice cut of the FEDS profits from their lending as it is us who are the money behind the deal. I mean from the
lending they do to non Canadian Government(FED,PROV,MUNI)entities. If the BOC lends money to a bank, we get a cut of the interest. If the BOC lends
money to a foreign government or corporation we get a even bigger cut as to restrict their lending to foreign entities who pose more risk and doesn't
spend that money in our country or invest it here.
That was an informative show for dummies, but too fishy.
Few things I noticed:
- They referenced Greenspan too much, as if this is all his fault.
- They said "economy is now recovering" which also Paul always denied?
- They didn't focus on the fed but on its mirrors which is the banks.
The question is what are they up to. If they want to expose their own con, what is the gimmick. Do they plan to shift the losses again on to the
public or do they want to cause chaos? Since they are giving the power to the FED, the villain in the picture, they want to set you up for chaos. Why
do they care to let you know something bad is going to hit you soon? Does that make it easier for them to get more money out of you somehow? Or maybe
it makes it possible for them to transition the situation and still stay in power. They give you some of the dirt on themselves, but not enough for
them to lose control, then they can pretend it was somehow some natural phenomenon and continue to bleed you.
The Fed manufactures the money out of thin air but it is actually a loan from the American people, because it goes on top of the national debt and we
pay them interest on it. But now it is getting too high for us to afford the interest with our taxes. So are they planning to blow up the whole
system? The system would never have worked, back last century from 1913 without the income tax. Even the Sixteenth Amendment which was supposed to
legalize the income tax wasn't really ratified but they pretended that it was ratified. The FED should be abolished. The WAR should be ended. The
reason we had these two world wars and the cold war was to put us further in debt so they would get more interest. Now 911, their manufacture again,
got us into this endless war. Their solution will probably be to transfer authority to the IMF, even thought he IMF is more of the same.
End the FED, end the WAR and get out of the UNITED NATIONS.
No trust me this obvious news being placed in the hands of people who consider this news is in essence....REALLY BAD NEWS.
Just hear me out and if you still disagree well what can I do...
They are showing the con in a tricky manner. MSNBC is tricking America into cutting it's own throat by "Helping" them focus on the 2% guaranteed
interest rate the FED was lending to Banks.
There is nothing wrong with this at all, Low interest rates during a non recessional period creates a boom in liquidity. There is no crime or con in a
guaranteed 2% interest rate.
The con come in the fact that Banks were leveraging this money to each other at the cost of the depositor and the persons with a loan.
As an example I am the FED and I lend you (bank A) 10 dollars you in turn leverage the 10 dollars into 50 and lend 10 dollars from the 40 dollars to
(Bank B), (Bank B) charges what ever interest rate (Bank A) charges which is usually low to the depositor or the person with a loan.
(Bank B) repeats the process of making a clear 30 bucks out of thin air plus the mark up on the interest rate it changes the Bank it lends to and the
people who take out loans. Every penny of any interest rate is payed by the American people.
The Con is in the charging of interest rates on leveraged money that should not exist. That is the con, not the guaranteed interest rate.
But MSNBC is not telling you this, they are telling you that the con is in the cheep guaranteed interest rate. Now Ask yourself why would MSNBC want
to get stupid people mad at the cheap guaranteed interest rate?
They are doing this so the American people will support a change in the guaranteed interest rate changing the interest rate to a higher percentage,
meaning the FED now gets to charge more for the money they lend. And as we know Banks don't pay for what ever interest rate the FED charges because
the American people do.
What this means is that MSNBC is trying to trick the American people into demanding that the FED charge them more money on all loans including the
ones they all ready have.
God you almost have to admire these crooks, pure genius.
Ahh what the hell I'll explain my own theory a little.
I think this all makes sense and I get a sense as many do that almost everything in the news seems to be designed to steer us along a story and that
as many do that it's all BS!
I do believe something BIG is going to happen near 2012. I believe they know this and have been preparing for a long time since the end of the gold
standard and before. I think the removal of the gold standard was done in order to fascilitate the enormous spending that was going to be needed to
prepare. The arms race makes perfect sense if most of the world leaders know this fact as big secrets are pretty hard to keep. Fighting for
resources and territory aren't new but the wars over the last few decades have been about 1 thing and that's oil and control over it.
Now as we get closer it's getting harder to keep the GENIE in the bottle and the financial disaster was inevitable as problems were just pushed back
another term or decade and nothing ever gets fixed it gets worse.
The recent uproar in the US where the GENIE is going to come out first over Health Care Reform, Tea Party, the Elections and the bailouts. All these
things are designed to do one thing and that is to polarize the people into a ME vs YOU society and throw in another economic crash and boom you have
the trigger you need to implement Martial Law when all hell breaks loose. People who are starving will do anything at some point.
Without control and I mean physical control over the people(Think of Cedar Creek, CA in the movie "Outbreak") and those rumoured FEMA camps may be
put to use.
Weather, tectonic, volcanic, animal migrations are all behaving very strangely so far this year and seems to be getting worse.
I remember this past summer up in Desolation Sound during a wicked hot spell and I've never felt the sun be soo hot. It was crazy hot. I am one of
those people who tan easily and get really dark tone tan and I have had very few sunburns in my life but on this trip I already had a good tan and
took precautions and put on 30. Normally with the tan I already had I usual only wore 15. With 30 I got a burn on an already dark tan. Never
happened before in my life.
When I got home I checked SOHO and the Magnetosphere site for the weeks I was gone and it was crazy active.
Sorry about being soo off topic but News stories like this to me indicate that it's all part of the diversion plan to keep the SHEEPLE sleeping until
they will pull the plug and get everyone confined and under physical control. No more freedom.
Alot of stories coming out about binary star systems and how it's odd that our solar system doesn't have a companion star and perturbations of the
large gas planets orbits can't be explained and they still can't explain why Pioneer 10 and 11 accelerated and deviated from their intended courses
once they reached the outer edges of our Solar System. Something gave them a slingshot effect and it would require a large mass to wobble the orbits
of the big gas giants.
I'm sorry again for being off topic but this is just more of the show. Tune in tomorrow for the new bombshell of the week. It's always something
new and quick to keep us confused and make it difficult to track all the going ons as most people lose interest if their information needs aren't met
by the nightly news.
Your all victims of a guy who was out drinking way too long with the lads today and I'm actually impressed this is somewhat legible although mostly
way off topic. GO CANUCKS GO!
I am still in amazement that this is being spoken of on MSM. While I would LOVE to think that this is being spoken of as a part of an awakening, my
pessimistic side is waiting for the punchline on what are they up to?
next thing the media patsy's will tell you is that
greenspan is dead and he took all the money with him
so just forget about this and many other issues
nothing will ever be done or solved just look back in history
George Carlin said this while ago do i need to explain ! my self !
thanks OP! for Posting S&F People are Starting to wake up ! you want more !! watch the movie the NETWORK !
www.imdb.com... watch the clips on youtube google it say's about almost the same thing that George Carlin says but
this Movie Network was made in 1976 and what this movie talks about became a sleeping reality
][warning ADULT Language][ for those that were not brought up exposed the common language (swearing ,cussing etc.. ) most of us use daily
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