Should the Federal Reserve be abolished?

[Flopper]

should the federal reserve be abolished?

yes!!!!!

.

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

 

[eagle1462010]

should the federal reserve be abolished?

yes!!!!!

.

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

The Fed is privately owned. Which is not needed. There should be no Stock Holders in the issuance of U.S. currency.............This should be a COMPLETELY GOV'T JOB...............NO STOCK HOLDERS to the Fed. While there is over sight to these Stock Holders, they still pretty much do as they please...........

The Federal Reserve has held interests rate at virtually Zero since the crash. The issuance of currency is the responsibility of the Federal Gov't under the Constitution and that is where it should remain.............................

Before Andrew Jackson was elected..........the 2nd National Bank of the U.S. performed the same as the Federal Reserve of today.........In a few years THEIR GREAT ability to do the job helped cause the 1ST GREAT DEPRESSION of the United States...........Much of it do to the EASY MONEY and lending practices of creating FIAT CURRENCY AND LOANS.

1913............Federal Reserve.........easy money again, borrowing to bet, and manipulation of PAPER helped lead to the GREAT DEPRESSION...........Again by the easy money of the Feds and Fractional banking...............including using assets from Commercial banks to get loans on the Markets for Investment Banks..........Which is exactly why they separated them to ensure we wouldn't have another one.

Take the rules away.............and LET THEM PLAY again using EASY MONEY TO BET ON THE MARKETS and being SELF REGULATED............helping to cause the most recent crash..................They damned well KNEW WHAT THEY WERE DOING................When they BUNDLED SHIT and SOLD IT AS GOLD...........................

And they got off the hook for basically being criminally negligent ..........Not only were they not taken down for their actions..........They were bailed out...........

4 Banks control 90% of ALL CURRENCY FLOW in this country..........THE TOO BIG TO FAIL...............Their ASSETS TO BETS ARE INSANE...........Which is why they are referred to ZOMBIE BANKS...................and why they will crash us again.........................IT'S JUST WHAT THEY DO...............

This is not what was meant for this country................This is not about just hiring someone to do a job...............It is about power and control, and the ability to manipulate currency to laughable levels................

This should be done by the Gov't............and NOT PRIVATE.............And we shouldn't have gotten to a point where 4 Banks control our fate.

To hell with the Federal Reserve..........and their private Stock Holders...............They are good at one thing..............screwing up and causing DEPRESSIONS and DEVALUATION of our currency for their own personal gain.

TRAITORS IN MY BOOK for the damage inflicted on this country by these scum bags who knew what they were doing.

 

[bendog]

The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
FRB Who owns the Federal Reserve

 

[The2ndAmendment]

Toddster Patriot always comes out of hibernation when a Fed Reserve thread is made.

 

[eagle1462010]

Panic of 1819 The First Major U.S. Depression - The Globalist
All the way back during the Presidency of James Monroe, American workers got a harsh lesson in the vicissitudes of capitalism when the economy crashed. The Panic of 1819 initiated the nation's first major depression.

As in the case today, that crash, too, resulted from a confluence of national and international events. In the heady atmosphere after the War of 1812, both U.S. imports and exports surged.

European demand for American goods, especially agricultural staples like cotton, tobacco, and flour, increased. To feed the overheated economy, state banks proliferated, and credit was easy.

The federal government offered for sale vast tracts of western lands, fueling real estate speculation funded by bank notes. Reserves of specie, or hard money, plummeted, especially in the West and the South.

As early as 1814, Thomas Jefferson warned, "We are to be ruined by paper, as we were formerly by the old Continental paper." Two years later, he asserted that "we are under a bank bubble" that would soon burst.

The Second Bank of the United States was supposed to steady the economy, but gross mismanagement in its early phase sapped its effectiveness.

The bank's first president, William Jones, instead of taking steps to regulate the nation's currency, doled out huge loans that fed speculation and inflation. He also kept lax watch over state banks, where fraud and embezzlement created chaos.

A congressional committee's proposal to terminate the nearly insolvent Bank of the United States had little backing — because 40 members of Congress held stock in the bank.

The bank's problems arose at precisely the wrong moment, when the economy needed a firm rudder during its postwar expansion. Jones resigned and was replaced by the South Carolina congressman Langdon Chews — and later by the Philadelphia lawyer Nicholas Biddle.

Although the bank sharply contracted loans in 1818, the damage had been done. The Bank of the United States, far from helping the economy, was among the destabilizing forces that led to the depression of 1819.

 

[Uncensored2008]

Of course.

It is corrupt by design.

 

[NoTeaPartyPleez]

Should the Federal Reserve be abolished?

The FED (Federal Reserve Bank) is a Commercial Privately Owned Bank

WHY THE FED SHOULD BE ABOLISHED

1. The US Congress has the option to buy back the FED at $450 millions (per Congressional Records). When the Congress does this, it will own back the billions of US Government Bonds held by the FED. The US Government will actually PROFIT by buying back the FED! Also, the US government no longer has to pay interests to the FED owners on those bonds.

2. Through their ownerships in the FED, FOREIGN POWERS CAN and WILL influence the US economy. By controlling our interest rates and money supply, they can actually create economic disaster in the US , should the US disagree with them.

3. Although the FED directors must be confirmed by the Senate, the awesome lobbying power of the FED owners makes this process meaningless. The owners of the FED can and will put whoever they wish in the position.

4. Abolishing the FED will lead to lower inflation. At this moment, the FED prints as much money as needed to buy the US Government Bonds. Since the FED prints this MONEY out of THIN AIR, this leads to an INCREASE of MONEY SUPPLY, WITHOUT increase in GOODS/SERVICES. This, as all of us know it, leads to INFLATION.

If the general public buy those bonds with money that they EARNED by providing GOODS/SERVICES, the money supply level is contant in relation to the goods/services level. Thus, there is no inflationary pressure from selling these bonds. 5. Abolishing the FED will reduce the national debt level. By buying back the FED at $450 millions, the US Government will buy back the billions of dollars of bonds held by the FED. Thus, the net effect is a reduction in national debt. After buying back the FED, the US Government does not have to pay interest on those bonds it buys back, further reducing the national debt.

6. Abolishing the FED will lead to eventual balance budget. Today, even if the US Economy only grows by a meager 2% per year, the US Government should be able to put 2% of US-GDP dollars into circulation WITHOUT INFLATION.

Consider, if the goods/services grow by 2% and the money supply grows by 2%, the ratio of goods/services vs. money supply remains constant. Thus, no inflation is created.

The government can use this extra money supply to fund its project without raising taxes.
As long as the government does not print money more than the goods and services available in the US , there will be no inflationary pressures.
This had in fact been done with Executive Order 11110 of President Kennedy. Kennedy ordered the Treasury Dept. to print a US GOVERNMENT NOTES (vs. FEDERAL RESERVE NOTES). In effect, Kennedy bypassed the FED by making the Treasury Department printed REAL US MONEY, instead of selling bonds to the FED for almost free.

The sad fact is, the US Government does not do this anymore. Instead, the US Government sell bonds to the FED, which buys those bonds using money they don't earn. Thus, the US Government must now pay interest on those money that it "borrows" from the FED.

7. By point (6) above, the US Government can actually reduce taxes on everybody since it has more interest free money to spent in the amount equal to the growth of the US GDP. KEEP IN MIND, THIS MONEY WILL NOT CAUSE INFLATION, since the money is printed along with the growth of the goods and services.

What you can do to save the United States of AmericaThe FED should either be AUDITTED every year, or be abolished. I have done my part providing this information. It is up to you to decide the future of the US economy. Please do the followings:

Should the Federal Reserve be abolished?


YES!

But it will never happen unless people take to the streets with torches and go burn the motherphucking Fed buildings down.

 

[eagle1462010]

America rsquo s bubble economy The Economist

America’s bubble economy
Apr 16th 1998

Another problem is the enormous uncertainty about when and by how much interest rates need to be raised to cap asset-price inflation. There is no way to work out how much of a rise in share prices is justified by better economic fundamentals. As the Fed itself says: “There is no means of knowing beyond question how far this recent rise in stock prices represents excessive speculation and how far a readjustment of values to increased industrial efficiency [ ] and larger profits.” Actually, it was not Alan Greenspan who said that. This is an extract from the Fed's minutes exactly 70 years ago, in 1928, on the eve of the Wall Street crash.

The Fed needs to raise interest rates now. Uncertainty is no excuse for Mr Greenspan to sit on his hands. In the late 1920s the Fed was also reluctant to raise interest rates in response to surging share prices, leaving rampant bank lending to push prices higher still. When the Fed did belatedly act, the bubble burst with a vengeance. The longer that asset prices continue to be pumped up by easy money, the more inflated the bubble will become and the more painful the economic after-effects when it bursts.

Because the Fed has again left it rather late, it will be hard to prick the bubble without risking a recession. If one does come, central bankers have at least now learnt to ease monetary policy, if necessary, to prevent a dramatic crash in share prices turning into an economic depression. One way or another, America's stockmarket is about to play a more important role in America's monetary policy than at any time since the 1920s. It would be better if this were to happen sooner rather than later.

 

[eagle1462010]

The Federal Reserve and it's EASY money are simply History repeating itself..........leading to Market Speculation and bubbles from hell.

The 1st Depression way back when was because of it.
The Great Depression was because of it.
The Great Recession was because of it,

And the one coming soon will be because of it..................

EASY MONEY and manipulation will lead us to another Great Crash..........The only reason it didn't go full monty this time is because they loaned to the moon to save the ass hats who screwed this country................

Money should be backed by assets............You shouldn't be able to bet or loan when you have no assets to back it up....The Federal Reserve's policy screwed the country in the 20's and screwed us recently, and are going to screw us again

So, SCREW THE FEDERAL RESERVE.

 

[Uncensored2008]

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

The functions of the federal reserve rightfully rest with the United States Congress. Congress shirking it's duty to organized looters is not in the interest of the nation or the economic health of the market.

 

[eagle1462010]

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

The functions of the federal reserve rightfully rest with the United States Congress. Congress shirking it's duty to organized looters is not in the interest of the nation or the economic health of the market.

Follow the money..............as in history as I've already shown or leaders are in bed with them for profit and are paid whores and no longer represent this country. They represent themselves on both sides of the Isle and knew what the hell they were doing when they inflated prices and the markets...........They knew what they were doing when they got rid of the Glass Act................Which was done to prevent it from happening again.

and it repeats........the loose policy is still there with an INFLATED BS STOCK MARKET.

 

[Toddsterpatriot]

should the federal reserve be abolished?

yes!!!!!

.

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

The Fed is privately owned. Which is not needed. There should be no Stock Holders in the issuance of U.S. currency.............This should be a COMPLETELY GOV'T JOB...............NO STOCK HOLDERS to the Fed. While there is over sight to these Stock Holders, they still pretty much do as they please...........

The Federal Reserve has held interests rate at virtually Zero since the crash. The issuance of currency is the responsibility of the Federal Gov't under the Constitution and that is where it should remain.............................

Before Andrew Jackson was elected..........the 2nd National Bank of the U.S. performed the same as the Federal Reserve of today.........In a few years THEIR GREAT ability to do the job helped cause the 1ST GREAT DEPRESSION of the United States...........Much of it do to the EASY MONEY and lending practices of creating FIAT CURRENCY AND LOANS.

1913............Federal Reserve.........easy money again, borrowing to bet, and manipulation of PAPER helped lead to the GREAT DEPRESSION...........Again by the easy money of the Feds and Fractional banking...............including using assets from Commercial banks to get loans on the Markets for Investment Banks..........Which is exactly why they separated them to ensure we wouldn't have another one.

Take the rules away.............and LET THEM PLAY again using EASY MONEY TO BET ON THE MARKETS and being SELF REGULATED............helping to cause the most recent crash..................They damned well KNEW WHAT THEY WERE DOING................When they BUNDLED SHIT and SOLD IT AS GOLD...........................

And they got off the hook for basically being criminally negligent ..........Not only were they not taken down for their actions..........They were bailed out...........

4 Banks control 90% of ALL CURRENCY FLOW in this country..........THE TOO BIG TO FAIL...............Their ASSETS TO BETS ARE INSANE...........Which is why they are referred to ZOMBIE BANKS...................and why they will crash us again.........................IT'S JUST WHAT THEY DO...............

This is not what was meant for this country................This is not about just hiring someone to do a job...............It is about power and control, and the ability to manipulate currency to laughable levels................

This should be done by the Gov't............and NOT PRIVATE.............And we shouldn't have gotten to a point where 4 Banks control our fate.

To hell with the Federal Reserve..........and their private Stock Holders...............They are good at one thing..............screwing up and causing DEPRESSIONS and DEVALUATION of our currency for their own personal gain.

TRAITORS IN MY BOOK for the damage inflicted on this country by these scum bags who knew what they were doing.

The Fed is privately owned.

No it isn't.

 

[eagle1462010]

should the federal reserve be abolished?

yes!!!!!

.

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

The Fed is privately owned. Which is not needed. There should be no Stock Holders in the issuance of U.S. currency.............This should be a COMPLETELY GOV'T JOB...............NO STOCK HOLDERS to the Fed. While there is over sight to these Stock Holders, they still pretty much do as they please...........

The Federal Reserve has held interests rate at virtually Zero since the crash. The issuance of currency is the responsibility of the Federal Gov't under the Constitution and that is where it should remain.............................

Before Andrew Jackson was elected..........the 2nd National Bank of the U.S. performed the same as the Federal Reserve of today.........In a few years THEIR GREAT ability to do the job helped cause the 1ST GREAT DEPRESSION of the United States...........Much of it do to the EASY MONEY and lending practices of creating FIAT CURRENCY AND LOANS.

1913............Federal Reserve.........easy money again, borrowing to bet, and manipulation of PAPER helped lead to the GREAT DEPRESSION...........Again by the easy money of the Feds and Fractional banking...............including using assets from Commercial banks to get loans on the Markets for Investment Banks..........Which is exactly why they separated them to ensure we wouldn't have another one.

Take the rules away.............and LET THEM PLAY again using EASY MONEY TO BET ON THE MARKETS and being SELF REGULATED............helping to cause the most recent crash..................They damned well KNEW WHAT THEY WERE DOING................When they BUNDLED SHIT and SOLD IT AS GOLD...........................

And they got off the hook for basically being criminally negligent ..........Not only were they not taken down for their actions..........They were bailed out...........

4 Banks control 90% of ALL CURRENCY FLOW in this country..........THE TOO BIG TO FAIL...............Their ASSETS TO BETS ARE INSANE...........Which is why they are referred to ZOMBIE BANKS...................and why they will crash us again.........................IT'S JUST WHAT THEY DO...............

This is not what was meant for this country................This is not about just hiring someone to do a job...............It is about power and control, and the ability to manipulate currency to laughable levels................

This should be done by the Gov't............and NOT PRIVATE.............And we shouldn't have gotten to a point where 4 Banks control our fate.

To hell with the Federal Reserve..........and their private Stock Holders...............They are good at one thing..............screwing up and causing DEPRESSIONS and DEVALUATION of our currency for their own personal gain.

TRAITORS IN MY BOOK for the damage inflicted on this country by these scum bags who knew what they were doing.

The Fed is privately owned.

No it isn't.

Yes it is...............Here we go again...............

Out of the cave again to defend your sponsors again.................

 

[Toddsterpatriot]

Toddster Patriot always comes out of hibernation when a Fed Reserve thread is made.

Hey, look, another clown who doesn't understand banking or the Fed. Great.

 

[Toddsterpatriot]

should the federal reserve be abolished?

yes!!!!!

.

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

The Fed is privately owned. Which is not needed. There should be no Stock Holders in the issuance of U.S. currency.............This should be a COMPLETELY GOV'T JOB...............NO STOCK HOLDERS to the Fed. While there is over sight to these Stock Holders, they still pretty much do as they please...........

The Federal Reserve has held interests rate at virtually Zero since the crash. The issuance of currency is the responsibility of the Federal Gov't under the Constitution and that is where it should remain.............................

Before Andrew Jackson was elected..........the 2nd National Bank of the U.S. performed the same as the Federal Reserve of today.........In a few years THEIR GREAT ability to do the job helped cause the 1ST GREAT DEPRESSION of the United States...........Much of it do to the EASY MONEY and lending practices of creating FIAT CURRENCY AND LOANS.

1913............Federal Reserve.........easy money again, borrowing to bet, and manipulation of PAPER helped lead to the GREAT DEPRESSION...........Again by the easy money of the Feds and Fractional banking...............including using assets from Commercial banks to get loans on the Markets for Investment Banks..........Which is exactly why they separated them to ensure we wouldn't have another one.

Take the rules away.............and LET THEM PLAY again using EASY MONEY TO BET ON THE MARKETS and being SELF REGULATED............helping to cause the most recent crash..................They damned well KNEW WHAT THEY WERE DOING................When they BUNDLED SHIT and SOLD IT AS GOLD...........................

And they got off the hook for basically being criminally negligent ..........Not only were they not taken down for their actions..........They were bailed out...........

4 Banks control 90% of ALL CURRENCY FLOW in this country..........THE TOO BIG TO FAIL...............Their ASSETS TO BETS ARE INSANE...........Which is why they are referred to ZOMBIE BANKS...................and why they will crash us again.........................IT'S JUST WHAT THEY DO...............

This is not what was meant for this country................This is not about just hiring someone to do a job...............It is about power and control, and the ability to manipulate currency to laughable levels................

This should be done by the Gov't............and NOT PRIVATE.............And we shouldn't have gotten to a point where 4 Banks control our fate.

To hell with the Federal Reserve..........and their private Stock Holders...............They are good at one thing..............screwing up and causing DEPRESSIONS and DEVALUATION of our currency for their own personal gain.

TRAITORS IN MY BOOK for the damage inflicted on this country by these scum bags who knew what they were doing.

The Fed is privately owned.

No it isn't.

Yes it is...............Here we go again...............

Out of the cave again to defend your sponsors again.................

Hurray, another round of smack the morons.

 

[Contumacious]

The Fed has destroyed the US Dollar.

Yes, indeed.

It additionally caused the US to declare bankruptcy in 1935.

.

 

[eagle1462010]

Who Owns The Federal Reserve Global Research

“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”

– The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s

The Federal Reserve (or Fed) has assumed sweeping new powers in the last year. In an unprecedented move in March 2008, the New York Fed advanced the funds for JPMorgan Chase Bank to buy investment bank Bear Stearns for pennies on the dollar. The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits on the board of the New York Fed and participated in the secret weekend negotiations.1 In September 2008, the Federal Reserve did something even more unprecedented, when it bought the world’s largest insurance company. The Fed announced on September 16 that it was giving an $85 billion loan to American International Group (AIG) for a nearly 80% stake in the mega-insurer. The Associated Press called it a “government takeover,” but this was no ordinary nationalization. Unlike the U.S. Treasury, which took over Fannie Mae and Freddie Mac the week before, the Fed is not a government-owned agency. Also unprecedented was the way the deal was funded. The Associated Press reported:

“The Treasury Department, for the first time in its history, said it would begin selling bonds for the Federal Reserve in an effort to help the central bank deal with its unprecedented borrowing needs.”2

This is extraordinary. Why is the Treasury issuing U.S. government bonds (or debt) to fund the Fed, which is itself supposedly “the lender of last resort” created to fund the banks and the federal government? Yahoo Finance reported on September 17:

“The Treasury is setting up a temporary financing program at the Fed’s request. The program will auction Treasury bills to raise cash for the Fed’s use. The initiative aims to help the Fed manage its balance sheet following its efforts to enhance its liquidity facilities over the previous few quarters.”

Normally, the Fed swaps green pieces of paper called Federal Reserve Notes for pink pieces of paper called U.S. bonds (the federal government’s I.O.U.s), in order to provide Congress with the dollars it cannot raise through taxes. Now, it seems, the government is issuing bonds, not for its own use, but for the use of the Fed! Perhaps the plan is to swap them with the banks’ dodgy derivatives collateral directly, without actually putting them up for sale to outside buyers. According to Wikipedia (which translates Fedspeak into somewhat clearer terms than the Fed’s own website):

 

[eagle1462010]

yes!!!!!

.

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

The Fed is privately owned. Which is not needed. There should be no Stock Holders in the issuance of U.S. currency.............This should be a COMPLETELY GOV'T JOB...............NO STOCK HOLDERS to the Fed. While there is over sight to these Stock Holders, they still pretty much do as they please...........

The Federal Reserve has held interests rate at virtually Zero since the crash. The issuance of currency is the responsibility of the Federal Gov't under the Constitution and that is where it should remain.............................

Before Andrew Jackson was elected..........the 2nd National Bank of the U.S. performed the same as the Federal Reserve of today.........In a few years THEIR GREAT ability to do the job helped cause the 1ST GREAT DEPRESSION of the United States...........Much of it do to the EASY MONEY and lending practices of creating FIAT CURRENCY AND LOANS.

1913............Federal Reserve.........easy money again, borrowing to bet, and manipulation of PAPER helped lead to the GREAT DEPRESSION...........Again by the easy money of the Feds and Fractional banking...............including using assets from Commercial banks to get loans on the Markets for Investment Banks..........Which is exactly why they separated them to ensure we wouldn't have another one.

Take the rules away.............and LET THEM PLAY again using EASY MONEY TO BET ON THE MARKETS and being SELF REGULATED............helping to cause the most recent crash..................They damned well KNEW WHAT THEY WERE DOING................When they BUNDLED SHIT and SOLD IT AS GOLD...........................

And they got off the hook for basically being criminally negligent ..........Not only were they not taken down for their actions..........They were bailed out...........

4 Banks control 90% of ALL CURRENCY FLOW in this country..........THE TOO BIG TO FAIL...............Their ASSETS TO BETS ARE INSANE...........Which is why they are referred to ZOMBIE BANKS...................and why they will crash us again.........................IT'S JUST WHAT THEY DO...............

This is not what was meant for this country................This is not about just hiring someone to do a job...............It is about power and control, and the ability to manipulate currency to laughable levels................

This should be done by the Gov't............and NOT PRIVATE.............And we shouldn't have gotten to a point where 4 Banks control our fate.

To hell with the Federal Reserve..........and their private Stock Holders...............They are good at one thing..............screwing up and causing DEPRESSIONS and DEVALUATION of our currency for their own personal gain.

TRAITORS IN MY BOOK for the damage inflicted on this country by these scum bags who knew what they were doing.

The Fed is privately owned.

No it isn't.

Yes it is...............Here we go again...............

Out of the cave again to defend your sponsors again.................

Hurray, another round of smack the morons.

Someone else started this back up.......................and you will KISS THE FEDERAL RESERVE'S ASS FOR HELPING TANKING OUR NATION.

PUCKER UP.

 

[Toddsterpatriot]

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. Those objectives are as important today as they were a hundred years. The Fed also has responsibilities that go well beyond just monetary policy but also to insure the banking system remains sound. The role of the federal reserve has changed and expanded because the US and the world economy bears little resemblance to that of a hundred years ago. The US GDP in 1913 was 3% of what it is today. That economic growth over the last hundred years could not have occurred without the stability in the banking system created by the Federal Reserve and the tempering of erratic moves in the economy .

A discussion of abolishing the Federal Reserve is about as meaning as a discussion of abolishing money itself. You can't simply eliminate the functions of the fed. If you got rid of the central bank, you would need to push many of these functions to other regulators or private firms. For example, inflation has to be kept in check somehow. Prudential supervision is also important. The problem with eliminating the Fed is that you would need to delegate these responsibilities to another entity that could do them better and there is simply no such entity.

The Fed is privately owned. Which is not needed. There should be no Stock Holders in the issuance of U.S. currency.............This should be a COMPLETELY GOV'T JOB...............NO STOCK HOLDERS to the Fed. While there is over sight to these Stock Holders, they still pretty much do as they please...........

The Federal Reserve has held interests rate at virtually Zero since the crash. The issuance of currency is the responsibility of the Federal Gov't under the Constitution and that is where it should remain.............................

Before Andrew Jackson was elected..........the 2nd National Bank of the U.S. performed the same as the Federal Reserve of today.........In a few years THEIR GREAT ability to do the job helped cause the 1ST GREAT DEPRESSION of the United States...........Much of it do to the EASY MONEY and lending practices of creating FIAT CURRENCY AND LOANS.

1913............Federal Reserve.........easy money again, borrowing to bet, and manipulation of PAPER helped lead to the GREAT DEPRESSION...........Again by the easy money of the Feds and Fractional banking...............including using assets from Commercial banks to get loans on the Markets for Investment Banks..........Which is exactly why they separated them to ensure we wouldn't have another one.

Take the rules away.............and LET THEM PLAY again using EASY MONEY TO BET ON THE MARKETS and being SELF REGULATED............helping to cause the most recent crash..................They damned well KNEW WHAT THEY WERE DOING................When they BUNDLED SHIT and SOLD IT AS GOLD...........................

And they got off the hook for basically being criminally negligent ..........Not only were they not taken down for their actions..........They were bailed out...........

4 Banks control 90% of ALL CURRENCY FLOW in this country..........THE TOO BIG TO FAIL...............Their ASSETS TO BETS ARE INSANE...........Which is why they are referred to ZOMBIE BANKS...................and why they will crash us again.........................IT'S JUST WHAT THEY DO...............

This is not what was meant for this country................This is not about just hiring someone to do a job...............It is about power and control, and the ability to manipulate currency to laughable levels................

This should be done by the Gov't............and NOT PRIVATE.............And we shouldn't have gotten to a point where 4 Banks control our fate.

To hell with the Federal Reserve..........and their private Stock Holders...............They are good at one thing..............screwing up and causing DEPRESSIONS and DEVALUATION of our currency for their own personal gain.

TRAITORS IN MY BOOK for the damage inflicted on this country by these scum bags who knew what they were doing.

The Fed is privately owned.

No it isn't.

Yes it is...............Here we go again...............

Out of the cave again to defend your sponsors again.................

Hurray, another round of smack the morons.

Someone else started this back up.......................and you will KISS THE FEDERAL RESERVE'S ASS FOR HELPING TANKING OUR NATION.

PUCKER UP.

Pointing out your idiocy doesn't involve kissing anything. Sorry.

 

[eagle1462010]

G-2014-0202 Responsive List 1 List of Member Banks of the Federal Reserve Bank

This is a list of all member banks and stockholders of the Federal Reserve Bank. It is a national list covering all regions. I obtained the list through a Freedom of Information Act request, as...

Dear FOIA Officer: Pursuant to the federal Freedom of Information Act, 5 U.S.C. § 552, I request access to and copies of a list of all (a) stockholders of and, if there are any differences, (b) member banks and other financial institutions of the Federal Reserve Bank. The list would include all members and stockholders in all regions and all types of institutions, including but not limited to national banks and state banks. I agree to pay reasonable duplication fees for the processing of this request up to $150. If my request is denied in whole or part, I ask that you justify all deletions by reference to specific exemptions of the act. I will also expect you to release all segregable portions of otherwise exempt material. I, of course, reserve the right to appeal your decision to withhold any information or to deny a waiver of fees. I look forward to your reply within 20 business days, as the statute requires. Thank you for your assistance. Sincerely, Mitchell Langbert, Ph.D. 845-657-8460 [email protected] PO Box 130 West Shokan, NY 12494