A US President with guts needs to abolish Federal Reseve

Conas

To be honest with you in 2008 with the disaster that was George W Bush, Obama was a great beacon of hope for change, but to be honest with you, he's been a disaster. The only change from him and Bush is skin colour.

The Federal Reserve is one of the most evil and corrupt institutes the world has ever known, to anyone who would even now a thing about economics. It's controlled by a very small elite, no doubt. Every financial crisis can be tracked all the way back to their doorstep. Obama has now appointed Stanley Fischer to be the Vice-Chairman. The thing I can't understand is why doesn't a US President pick someone with a brain? A guy like Paul Krugman would be be a far better Chairman than people like Bernanke, and Alan Greenspan. Everyone seems to be hand-picked to be part of the Fed, which is such a rotten identity.

I knew Obama had style over substance a long time ago, but he's so so weak it's scary. If the Fed was abolished, America and the world would be far better off. It stinks of corruption.

Brian?

I'd be interested with you supporting this position with evidence. Genuinly interested.

sin_city

Brian? wrote: »

I'd be interested with you supporting this position with evidence. Genuinly interested.

Do you mean you need evidence on the Federal Reserve being a corrupt, non government organization that pays its shareholders (whom are and have been unknown since its beginning) a 6% dividend?

The Federal Reserve Act is against the U.S. Constitution - Article 1 Section 8.

Conas

Brian? wrote: »

I'd be interested with you supporting this position with evidence. Genuinly interested.

Ah come on man, I would have expected better from a moderator. :rolleyes:

As SinCity said; It's violates the United States Constitution which is the most important thing. The Federal Reserve Act was one of the most cunning Acts ever passed, and one of the worst in US history. Just remember everytime the goverment has to borrow money of the Fed it gets charged interest, with interest comes debt, with debt comes slavery. If the President, or members of Congress had brains, and guts, they wouldn't borrow another cent off the Fed. Make gold and silver legal tender, and print their money DEBT-FREE with no interest. The Federal Reserve is nothing, but a counterfeit scam that creates DEBT, and trillions of dollars worth of debt at that.

If you don't know much about the Fed, you should.

Mr Pseudonym

Bernanke and Krugman were colleagues at Princeton. Krugman has said that there's no one better qualified than Bernanke as chairman. They are both dovish. In what way would the Fed be different under Krugers?

syklops

Conas wrote: »

Ah come on man, I would have expected better from a moderator. :rolleyes:

Dude is looking for supporting evidence. Thats what I'd expect from a moderator.

Conas

Mr Pseudonym wrote: »

Bernanke and Krugman were colleagues at Princeton. Krugman has said that there's no one better qualified than Bernanke as chairman. They are both dovish. In what way would the Fed be different under Krugers?

Well the Fed isn't going to be different unless we have a President, and Congress who get rid of it that's the main point I'm trying to make. I just think it's best to put in a temporary Fed chairman who isn't hand-picked, I think they handpicked Bernanke. But at the end of the day, Congress have control over the Fed, but they couldn't be bothered making use of that control. Put in a Fed chairman like Krugers, and tell him exactly what you want him to do, you could do the same with Bernanke, tell him I want to get rid of you debt laden, corrupt system.

_Griff_

Its the same minority elite group that benefit from the fed, that handpick the president of the U.S. I genuinely believe Ron Paul had the balls to stand up them, but when his campaign started to gather some momentum they got scared, started a smear campaign which made him out to be a racist bigot. While at the same time using the media to make it seem like the sun shined out of Obama's arse. The media is owned almost entirely by the elite which allows them influence whatever benefits them and to the same extent omit whatever suits them (http://www.populistdaily.com/politics/the-state-of-american-monopolistic-media.html) Anyway in short I don't believe an American president with guts would get as far as to be able to exercise anything opposing the elite agenda!

sin_city

Mr Pseudonym wrote: »

Bernanke and Krugman were colleagues at Princeton. Krugman has said that there's no one better qualified than Bernanke as chairman. They are both dovish. In what way would the Fed be different under Krugers?

Who cares what someone thinks about someone else in a job?

It's the Federal Reserve Act that is the problem, not the person who happens to be the chairman.


Krugman will be proven to be an idiot in the next 10 years.

Brian?

syklops wrote: »

Dude is looking for supporting evidence. Thats what I'd expect from a moderator.

That's all I was looking for.

FYI lads I moderate the health and fitness forum, not this one.

Brian?

sin_city wrote: »

Do you mean you need evidence on the Federal Reserve being a corrupt, non government organization that pays its shareholders (whom are and have been unknown since its beginning) a 6% dividend?

The Federal Reserve Act is against the U.S. Constitution - Article 1 Section 8.

The fed is most certainly not against article 1 section 8. If there's any part of the US constitution that legitimises the fed it's this.

The main reason I can find for saying its unconstitutional is that banking is not expressly mentioned so therefor it's beyond the remit of federal government. Tenuous.

This is not a bad read:


http://www.publiceye.org/conspire/flaherty/flaherty3.html

ChicagoJoe

How do you run a country without Govt control of currency? Hand it over to banks who'll prudently mind the finances of the economy and let the wreckless lead the blind FFS.

sin_city

Brian? wrote: »

The fed is most certainly not against article 1 section 8. If there's any part of the US constitution that legitimises the fed it's this.

The main reason I can find for saying its unconstitutional is that banking is not expressly mentioned so therefor it's beyond the remit of federal government. Tenuous.

This is not a bad read:


http://www.publiceye.org/conspire/flaherty/flaherty3.html

"To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers"

Clearly the Federal Reserve Act was not necessary. The USA got on fine before the banking cartel was set up.

I actually have no problem with a group like the current banking cartel creating a currency. The problem I have is that they wish to implement plank 5 of the Communist Manifesto.

You really need to investigate more about the history of central banking in the USA, what happened at Jekyll Island prior to the Federal Reserve Act.

Alternatively, you can stick your head in the sand.

Chazz Michael Michaels

Conas wrote: »

To be honest with you in 2008 with the disaster that was George W Bush, Obama was a great beacon of hope for change, but to be honest with you, he's been a disaster. The only change from him and Bush is skin colour.

The Federal Reserve is one of the most evil and corrupt institutes the world has ever known, to anyone who would even now a thing about economics. It's controlled by a very small elite, no doubt. Every financial crisis can be tracked all the way back to their doorstep. Obama has now appointed Stanley Fischer to be the Vice-Chairman. The thing I can't understand is why doesn't a US President pick someone with a brain? A guy like Paul Krugman would be be a far better Chairman than people like Bernanke, and Alan Greenspan. Everyone seems to be hand-picked to be part of the Fed, which is such a rotten identity.

I knew Obama had style over substance a long time ago, but he's so so weak it's scary. If the Fed was abolished, America and the world would be far better off. It stinks of corruption.

Every financial crisis? Example one.

http://en.wikipedia.org/wiki/Panic_of_1907

Would you like more? Or does the world not exist before 1913?

hfallada

sin_city wrote: »

"To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers"

Clearly the Federal Reserve Act was not necessary. The USA got on fine before the banking cartel was set up.

I actually have no problem with a group like the current banking cartel creating a currency. The problem I have is that they wish to implement plank 5 of the Communist Manifesto.

You really need to investigate more about the history of central banking in the USA, what happened at Jekyll Island prior to the Federal Reserve Act.

Alternatively, you can stick your head in the sand.

Name a major country or currency that doesnt have a central bank? A modern economy can not function without a central bank. It acts as a clearing bank between banks, printing and issues legal tenders, sets interest rates and control of money, ensures bank operate within its liquidity ratio. It can devalue and revalue the currency. The US fed even flies money to states with snow storms to ensure that they dont run out of physical cash.

Whats the alternative to the Federal Reserve? A system of barter which we all know doesnt work. A central bank is necessary to control the money supply of a country to control inflation and trade deficits. Both of which can cripple an economy

sin_city

Chazz Michael Michaels wrote: »

Every financial crisis? Example one.

http://en.wikipedia.org/wiki/Panic_of_1907

Would you like more? Or does the world not exist before 1913?

1907....search panic 1907 JP Morgan in google...this was an excuse for pushing for the Federal Reserve.

The banking cartel created the problem.

hfallada wrote: »

Name a major country or currency that doesnt have a central bank? A modern economy can not function without a central bank.

How can you say this? The USA had no central bank in 1900. In fact, the only time they had no debt was after Jackson got rid of an earlier version of the Federal Reserve.

hfallada wrote: »

It acts as a clearing bank between banks, printing and issues legal tenders, sets interest rates and control of money, ensures bank operate within its liquidity ratio. It can devalue and revalue the currency. The US fed even flies money to states with snow storms to ensure that they dont run out of physical cash.

Yes, I understand the operation. All of this could be done by the US Treasury in place the the secret society that refuses to be audited but pays a 6% dividend to it's unknown owners.

Interest rates should be set by the market. Price fixing of any sort is a bad idea and causes problems, hence the boom and bust cycles that we have today.

When Lincoln needed money to fund the civil war, he invented the greenback. There was no interest for the government to pay back in these notes, unlike federal reserve notes.

The central bankers hated this because it messed up their scam.

hfallada wrote: »

Whats the alternative to the Federal Reserve?

Competing currencies? Bitcoin, Litecoin are online examples.

Some could be back by gold, some by others stuff. The market would choose the best one as is the case with everything in a free market.

hfallada wrote: »

A system of barter which we all know doesn't work. A central bank is necessary to control the money supply of a country to control inflation and trade deficits. Both of which can cripple an economy

Please take head out of the sand and read some history into pre-central bank times.

The USA grew very well between 1837 and 1913. No central bank. Lots of stability.


Jackson, got rid of the central bank - attempted assassination

Lincoln, creator of the greenback - assassinated

James Garfield openly declared that whoever controls the supply of currency would control the business and activities of all the people. After only four months in office, President Garfield was shot at a railroad station on July 2, 1881. Another coincidence.

Chazz Michael Michaels

Every financial crisis?

Brian?

sin_city wrote: »

"To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers"

Clearly the Federal Reserve Act was not necessary. The USA got on fine before the banking cartel was set up.

My interpretation of the above statement is that the founding fathers knew that they couldn't predict what would be necessary in future to allow the Union to function so they gave Congress the power to act. Congress later felt the Fed was necessary, this makes it constitutional.

Luckily the original authors of the constitution had the foresight to allow congress to make these decisions. They knew full well that they couldn't legislate for all future possibilities

I actually have no problem with a group like the current banking cartel creating a currency. The problem I have is that they wish to implement plank 5 of the Communist Manifesto.

If this was true there would be no other lenders but the Fed. The idea that the Fed is some sort of communist plot is genuinely laughable.

You really need to investigate more about the history of central banking in the USA, what happened at Jekyll Island prior to the Federal Reserve Act.

Alternatively, you can stick your head in the sand.

I'm asking questions to get a better understanding of the objections to te the Fed. Because I don't know enough about it to take a position.

If the Fed was centralising the control of credit as per the communist manifesto I'd be delighted, but it's not.

I can't agree that it's unconstitutional, based on the arguments given.

I'm perfectly willing to accept it's corrupt, I'd like to see some examples of this corruption.

What I'd also like to see is some real world reforms or replacement system explained.

sin_city

Look mate, plank 5 is about maintaining a central bank...end of.


About the corruption, you're right....its a legit organization...immune from an audit that has unknown owners. This is all fact.

It's all good. $17 trillion in debt to people we dont know making 6% dividends...all good

Jonny7

Yeah I'd like to see examples of the corruption as well

Brian?

sin_city wrote: »

Look mate, plank 5 is about maintaining a central bank...end of.

No it's not. It's about the government centralising the control of ALL credit. A central bank doesn't do that. Banks can still borrow from each other, including foreign banks. In a communist system, no foreign borrowing would be possible, the government would be the sole lender.

About the corruption, you're right....its a legit organization...immune from an audit that has unknown owners. This is all fact.

What am I right about? It was a question, not a point.

It's all good. $17 trillion in debt to people we dont know making 6% dividends...all good

Straw man. I never said it was all good. I don't believe the current system is good at all. I've simply asked for reasons why it's bad. Which, in fairness, paying a 6% dividend to anonymous benificiaries is pretty good criticism.

Where have I defended the Fed and it's actions?

intellectual dosser

Conas wrote: »

Just remember everytime the goverment has to borrow money of the Fed it gets charged interest, with interest comes debt, with debt comes slavery.

I'm not clued in on this subject but this line struck me. The Government owns the Fed (right?) so how can it be indebted to itself?

Jonny7

intellectual dosser wrote: »

I'm not clued in on this subject but this line struck me. The Government owns the Fed (right?) so how can it be indebted to itself?

Very basically speaking - the money comes from the market, investors. The gov is then indebted to them.

sin_city

intellectual dosser wrote: »

I'm not clued in on this subject but this line struck me. The Government owns the Fed (right?) so how can it be indebted to itself?

No, the government does not own the FED.

As I said no one knows who the Fed's shareholders are.

They are paid a dividend of 6% on the profits.

T-K-O

ChicagoJoe wrote: »

How do you run a country without Govt control of currency? Hand it over to banks who'll prudently mind the finances of the economy and let the wreckless lead the blind FFS.

Thats just it, do you think the American Govt controls the currency ?

Conas

intellectual dosser wrote: »

I'm not clued in on this subject but this line struck me. The Government owns the Fed (right?) so how can it be indebted to itself?

I'm going to be blunt here, but I believe they are afraid of the Federal Reserve.

The power to created and coin money is constitutionally vested in Congress, but they seem to have completely relinquished the power that they have. People in the economics business would label Bernanke or the Fed Chairman as a monetary dictator, I personal would label them financial terrorists.

We a need President like Abraham Lincoln, who had to guts to say no to the bankers, and issue the Greenbacks.

But let me go back on what I said firstly, I do believe that people in Congress and even the President are afraid to confront the Federal Reserve. History has proven time and again if you target the hidden elite who control the money you are going to be targeted. Most recently is what happened to Gaddafi in Libya, he called for a United African currency backed by something of real value called the Gold Dinar, and wanted to trade his oil and other resources for gold dinars. Saddam Hussein wanted to sell his oil in Euros and not dollars, sanctions and a war followed soon after.

The whole reason we never stop hearing about Iran now is because they want to take over their banks, and get at their oil. This Nuclear Weapons thing is complete and utter rubbish.

Jonny7

Conas wrote: »

I'm going to be blunt here, but I believe they are afraid of the Federal Reserve.

The power to created and coin money is constitutionally vested in Congress, but they seem to have completely relinquished the power that they have. People in the economics business would label Bernanke or the Fed Chairman as a monetary dictator, I personal would label them financial terrorists.

We a need President like Abraham Lincoln, who had to guts to say no to the bankers, and issue the Greenbacks.

But let me go back on what I said firstly, I do believe that people in Congress and even the President are afraid to confront the Federal Reserve. History has proven time and again if you target the hidden elite who control the money you are going to be targeted. Most recently is what happened to Gaddafi in Libya, he called for a United African currency backed by something of real value called the Gold Dinar, and wanted to trade his oil and other resources for gold dinars. Saddam Hussein wanted to sell his oil in Euros and not dollars, sanctions and a war followed soon after.

The whole reason we never stop hearing about Iran now is because they want to take over their banks, and get at their oil. This Nuclear Weapons thing is complete and utter rubbish.

Gadaffi and his actions were criticized by many countries including Iran, Russia and China - the actions against him were pushed by the United Nations, Arab league and supported by dozens of governments

Saddam Hussein was internationally sanctioned long before the petro-euro theory

Iran is now cooperating with the EU 3 and the US with a deal recently being struck

This "hidden elite" seem to be all over the place, figuratively and literally

MilanPan!c

Why isn't this in the conspiracy forum??

zenno

The government of the united states can't touch these fellows. It seems that the federal reserve, as a private banking cartel, can over-rule the president...

https://www.youtube.com/watch?v=yp90wnT1S1c

MilanPan!c

zenno wrote: »

The government of the united states can't touch these fellows. It seems that the federal reserve, as a private banking cartel, can over-rule the president...

https://www.youtube.com/watch?v=yp90wnT1S1c

Well that's nonsense.

The President has no authority over the central bank, which means he can't play politics with it.

However the government can and does pass legislation which can change the Fed.

On top of that the Fed is controlled by a government appointed chairman.

The conspiracy theories about the Fed say more about the conspiracy theorists than the Fed itself. And it's not positive.

zenno

MilanPan!c wrote: »

Well that's nonsense.

The President has no authority over the central bank, which means he can't play politics with it.

However the government can and does pass legislation which can change the Fed.

On top of that the Fed is controlled by a government appointed chairman.

The conspiracy theories about the Fed say more about the conspiracy theorists than the Fed itself. And it's not positive.

Don't be getting all angry now. It just seemed that Alan Greenspan has some balls saying what he said then, in relation to his comment.

So, according to Greenspan, he thinks that the federal reserve cannot be touched, and you say it can. Can it be, or not ? sure who is going to have the power/nerve to dictate to the federal reserve ?. The federal reserve head will just pay congress off as they have been doing for decades.

The joys of being able to print money out of thin air.

A person asks a question, and there, this person is called a conspiracy nut. Are folk usually called this when they have a different out-look on something.

On top of that the Fed is controlled by a government appointed chairman

.

Of which is possibly paid off/bought. It happens all of the time, money will make a man/woman do almost anything. It's all about power, and the money gets you there as to be un-touchable. Just like the U.S federal reserve.

MilanPan!c

zenno wrote: »

Don't be getting all angry now. It just seemed that Alan Greenspan has some balls saying what he said then, in relation to his comment.

So, according to Greenspan, he thinks that the federal reserve cannot be touched, and you say it can. Can it be, or not ? sure who is going to have the power/nerve to dictate to the federal reserve ?. The federal reserve head will just pay congress off as they have been doing for decades.

The joys of being able to print money out of thin air.

Maybe if you bothered to understand what he was actually saying (the entire transcript is online as are the rules governing the Fed) you wouldn't be so confused.

You've just basically fallen for a popular conspiracy theory and are getting your facts from places like YouTube. Which isn't a great idea.

And the laws governing the Fed have been changed numerous times. But don't let that stop you from your paranoid fantasies.

And and you're not "asking questions" you're making wild allegations and false and nonsensical claims based on crap you've most likely read on conspiracy forums.

So.

Don't try and pretend you're behaving reasonably.

zenno

MilanPan!c wrote: »

Maybe if you bothered to understand what he was actually saying (the entire transcript is online as are the rules governing the Fed) you wouldn't be so confused.

You've just basically fallen for a popular conspiracy theory and are getting your facts from places like YouTube. Which isn't a great idea.

And the laws governing the Fed have been changed numerous times. But don't let that stop you from your paranoid fantasies.

paranoid fantasies

I'm not paranoid, neither am I having fantasies. You are so adamant in your beliefs of how the federal reserve works behind the scenes that I will not buy your conspiracy belief either. You think it all works perfect, clean, and within US law, but, you are the one of which is confused.

And yes, the federal reserve needs to be abolished fast. They have too much power to print money that doesn't even exist.

http://www.globalresearch.ca/world-bank-insider-blows-whistle-on-corruption-federal-reserve/5336492

MilanPan!c

zenno wrote: »

I'm not paranoid, neither am I having fantasies. You are so adamant in your beliefs of how the federal reserve works behind the scenes that I will not buy your conspiracy belief either. You think it all works perfect, clean, and within US law, but, you are the one of which is confused.

And yes, the federal reserve needs to be abolished fast. They have too much power to print money that doesn't even exist.

http://www.globalresearch.ca/world-bank-insider-blows-whistle-on-corruption-federal-reserve/5336492

When you start imagining the government being bribed to put people in as Fed chair, with no evidence, you're being paranoid.

Have you read the report that link references?

No you haven't.

Do you know the number of times Congress has changed the Fed? Something you seem to claim was impossible?

Of course you don't.

You don't REALLY have much a clue about the history or origin of the Fed, the history of fiat currency (it's basically ancient), or what power the Fed actually has, do you?

Of course you don't.

"Bu-bu-but some website I found via Google says it's all a big conspiracy..."

Good luck with that.

zenno

MilanPan!c wrote: »

When you start imagining the government being bribed to put people in as Fed chair, with no evidence, you're being paranoid.

Have you read the report that link references?

No you haven't.

Do you know the number of times Congress has changed the Fed? Something you seem to claim was impossible?

Of course you don't.

You don't REALLY have much a clue about the history or origin of the Fed, the history of fiat currency (it's basically ancient), or what power the Fed actually has, do you?

Of course you don't.

"Bu-bu-but some website I found via Google says it's all a big conspiracy..."

Good luck with that.

So you found a website that shows it's all a conspiracy, well good for you.

Any-one can be bought.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Henry Ford, 1922.

MilanPan!c

zenno wrote: »

So you found a website that shows it's all a conspiracy, well good for you.

Any-one can be bought.



Henry Ford, 1922.

Riiiiight.

So as I said, you understand none of it, and the best you have is random crap you find via google.

zenno

MilanPan!c wrote: »

Riiiiight.

So as I said, you understand none of it, and the best you have is random crap you find via google.

Ahh, don't be upset because of my supposed ignorance, I cannot see things the way you see them my friend.

Peace.

MilanPan!c

zenno wrote: »

Ahh, don't be upset because of my supposed ignorance, I cannot see things the way you see them my friend.

Peace.

All I see is the reality of the situation. And endless lies told by people on the internet, which make fools of reasonable people.

Jonny7

zenno wrote: »

And yes, the federal reserve needs to be abolished fast. They have too much power to print money that doesn't even exist.

New money always needs to be created and central banks control the flow of )and injection of) this money in an economy via monetary policy. They act as a kind of financial overseer and regulator. They keep commercial banks in line (most of the time) and keep the system ticking over whilst balancing inflation, reserves, growth and so on

In fact, there's only a small handful of countries in the world without a central bank, e.g. Monaco, Vatican, etc

zenno

Jonny7 wrote: »

New money always needs to be created and central banks control the flow of )and injection of) this money in an economy via monetary policy. They act as a kind of financial overseer and regulator. They keep commercial banks in line (most of the time) and keep the system ticking over whilst balancing inflation, reserves, growth and so on

In fact, there's only a small handful of countries in the world without a central bank, e.g. Monaco, Vatican, etc

Well the financial overseer and regulator didn't deal with what happened in Ireland did they, so much for the regulator. It's no conspiracy here In Ireland what happened, they done feck all, and it's obviously not a conspiracy as we all know.

MilanPan!c

zenno wrote: »

Well the financial overseer and regulator didn't deal with what happened in Ireland did they, so much for the regulator. It's no conspiracy here In Ireland what happened, they done feck all, and it's obviously not a conspiracy as we all know.

If you know how it works, then you know regulators are only able to use the power given to them.

MilanPan!c

zenno wrote: »

I'm not paranoid, neither am I having fantasies. You are so adamant in your beliefs of how the federal reserve works behind the scenes that I will not buy your conspiracy belief either. You think it all works perfect, clean, and within US law, but, you are the one of which is confused.

And yes, the federal reserve needs to be abolished fast. They have too much power to print money that doesn't even exist.

http://www.globalresearch.ca/world-bank-insider-blows-whistle-on-corruption-federal-reserve/5336492

I should also point out that this link you provided uses Karen Hudes as a source.

She is one if the most wacko people around.

She claimed that comet Ison, was ACTUALLY the planet Nibiru, come to destroy us all.

So.

Hardly a person a responsible person would trust, or quote, or have anything to do with.

Big surprise that someone like that would be spouting conspiracies about the Fed.

zenno

MilanPan!c wrote: »

I should also point out that this link you provided uses Karen Hudes as a source.

She is one if the most wacko people around.

She claimed that comet Ison, was ACTUALLY the planet Nibiru, come to destroy us all.

So.

Hardly a person a responsible person would trust, or quote, or have anything to do with.

Big surprise that someone like that would be spouting conspiracies about the Fed.

Will have to check that out, because I never heard of her talking about anything like that, only politics.

I'm still trying to find out why Alan Greenspan, former federal reserve chairman said in his own words... The federal reserve is an independent agency and that means basically that there is no other agency of government which can over-rule actions that we take.

MilanPan!c

zenno wrote: »

Will have to check that out, because I never heard of her talking about anything like that, only politics.

A quick google of her name will show that she's the queen of the conspiracy sites, like BeforeItsNews, where she gives Skype interviews about all sorts of nonsense.

She's also claimed that the US was planning on nuking itself in a false flag attack.

A real nutcase.

Another reason this thread needs to be moved to the conspiracy forum.

Scofflaw

sin_city wrote: »

No, the government does not own the FED.

As I said no one knows who the Fed's shareholders are.

They are paid a dividend of 6% on the profits.

OK, this seems to be becoming standard conspiracy stuff now. Stocks in the FRB are owned by the member banks, and they are who the dividend is paid to, as per the FAQs on the FRB website.

Sent to CT closed, mods reopen if desired, or kick back.

moderately,
Scofflaw

Penn

Thread reopened. Please read the CT Forum charter before posting.

AdolfHipster

Didn't read through the thread but any president who even murmured the idea of doing that would most definitely be assassinated.

MilanPan!c

AdolfHipster wrote: »

Didn't read through the thread but any president who even murmured the idea of doing that would most definitely be assassinated.

Totally. Or not at all.

DamagedTrax

Jonny7 wrote: »

This "hidden elite" seem to be all over the place, figuratively and literally

its called globalization.

Conas

MilanPan!c wrote: »

Totally. Or not at all.

They would most certainly be targeted. Andrew Jackson got rid of the Second Bank of the United States in the 1830s, and guess what? he was lucky to survive an assassination attempt. He was the only President to ever pay the National Debt to $0.

The Federal Reserve System is designed to keep the American nation in debt.. The Monetary System of American can be deliberately crashed. Just remember the Federal Reserve owns no gold, it's a fiat currency backed by nothing. God knows who really owns it. My opinion, the Jews have always owned it.

Chazz Michael Michaels

Conas wrote: »

the Jews.

There we go. Only took three months.