The Federal Reserve, a government entity...

a reply to: SouthernForkway26

y a know in actuality the government can call their debt nullified by charging the FED billions in rent if they get too uppity.

a reply to: SouthernForkway26

irrelevant to whether the Fed is a govt entity or not.

a reply to: Danke

You don't need to convince me. I understand the Fed Reserve at an intimate level and post about it on here frequently

a reply to: Danke

The reality is that the FED is there to help the US and global economies grow and remain as stable as possible

What a load of poppycock - how does bailing out "too big to fail" or manipulating world gold prices not fall into the same boat as China manipulating their currencies?




www.investopedia.com...

Plunge Protection Team - PPT
AAA |
DEFINITION OF 'PLUNGE PROTECTION TEAM - PPT'
A colloquial name given to the Working Group on Financial Markets. The Plunge Protection Team was created to make financial and economic recommendations to various sectors of the economy in times of economic turbulence. The team consists of the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission.

INVESTOPEDIA EXPLAINS'PLUNGE PROTECTION TEAM - PPT'
"Plunge Protection Team" was the nickname given to the Working Group by The Washington Post in 1997. The team was initially perceived by some to have been created solely to shore up the markets or even manipulate them. The team was created in response to the 1987 market crash.

a reply to: TheConstruKctionofLight

www.zerohedge.com...

Ex-Plunge Protection Team Whistleblower: "Governments Control Markets; There Is No Price Discovery Anymore"
Tyler Durden's pictureSubmitted by Tyler Durden on 02/24/2015 00:42 -0400




One year after the great stock market crash in 1987, US President Ronald Reagan launched the "Working Group on Financial Markets." Conspiracy theorists believe, however, that the real task of this committee is to protect against a renewed slump in the stock market. In the jargon of Wall Street, the working group is known as the "Plunge Protection Team."

One glimpse at a few days suring 2007/8 and it is clear that 'someone' with infinitely deep pockets was able to support markets on several critical days - though, of course, anyone proclaiming intervention was propagandized away as a conspiracy theory wonk. However, as Dr. Pippa Malmgren - a former member of the U.S. President’s Working Group on Financial Markets - it is not conspiracy theory, it is conspiracy fact: "there's no price discovery anymore by the market... governments impose prices on the market.

a reply to: Danke

The reality is that the FED is there to help the US and global economies grow and remain as stable as possible.

Is that why the U.S. dollar has lost over 95% of it's value since 1913?

www.westegg.com...

originally posted by: TheBandit795
a reply to: Danke

The reality is that the FED is there to help the US and global economies grow and remain as stable as possible.

Is that why the U.S. dollar has lost over 95% of it's value since 1913?

www.westegg.com...

That number probably has nothing to do with silver and gold backing being removed? Nope.....You apparently aren't serious here and I feel stupid for replying now...Thanks

Well inflation accelerated when they removed gold and silver backing.

originally posted by: TheBandit795
Well inflation accelerated when they removed gold and silver backing.

I understand that, but isn't your 95% number a bit off when you are comparing apples to watermelons?

a reply to: Chrisfishenstein


$100 back then has the same purchasing power of $2377 now. How can a economy grow and be stable with currency that is constantly losing value?

originally posted by: TheBandit795
a reply to: Chrisfishenstein


$100 back then has the same purchasing power of $2377 now. How can a economy grow and be stable with currency that is constantly losing value?

Sorry you are apparently missing what I am saying....Money NOW isn't the same as money THEN......It is NOT $2,377 comparing the same currency....You are comparing money backed by gold and silver to absolutely nothing! Try comparing the dollar in 1965 to todays dollar....1964 the backed currency was removed...

This is from your site....Far from $2,377...Like I said compare apples to apples please....

What cost $100 in 1965 would cost $740.69 in 2014.
Also, if you were to buy exactly the same products in 2014 and 1965,
they would cost you $100 and $13.49 respectively.

a reply to: Chrisfishenstein

It's still the same, whether backed by gold or not. Federal reserve notes where first made available on 1913. They have lost over 95% of their value since then. And they have lost 86.5% of their value since 1965.

originally posted by: TheBandit795
a reply to: Chrisfishenstein

It's still the same, whether backed by gold or not. Federal reserve notes where first made available on 1913. They have lost over 95% of their value since then. And they have lost 86.5% of their value since 1965.

Yep you are right....We are screwed, oh what should we all do about that thing called inflation? Hopefully you didn't put cash under your pillow or you will only have 86.5% of your money now.....

a reply to: Chrisfishenstein

Gold and silver have been inflation hedges for thousands of years. You can also place your money in international banks in different (more stable at the moment) currencies. That will be difficult if you're a U.S. citizen though. Since FATCA came into effect, international banks have started to refuse to do business with U.S. clients.

Or you can place your money into a managed trading account that beats inflation. Or p2p lending, which also beats inflation.

originally posted by: Aloysius the Gaul
a reply to: VictorVonDoom

So that would be yes it is a government entity because you can make an FOIA request of it

If what you wrote is true, we would know who the investors that get the 6% are.

Who are the investors that own the Federal Reserve?