Federal Reserve 100 Years of Failure

[Domingo Halliburton]

a responsible government agency would let monetary supply reflect the true state of the economy. artificially propping up the US economy only hurts us in the long run.

we could have just lost a toe 5 years ago, but instead of letting things take their natural course we bailed everybody out, now we're going to lose the foot as a result. and if they keep this QE shyt up much longer we'll lose the whole damn leg!

the fed is an abomination. it's propping up the US economy but not in the interest of the common man. it's working in the interest of private bankers and corporate elitists... so when the crash finally does come the 1% will have plenty of money tucked away while the 99% will see their net worth plummet through the floor.

and your response in the bold wreaks of bytchassness, you know damn well that isn't the whole story. you must have been sleep during the part about predatory lending and failed government regulation.

sure I simplified it. Bush and the regulators were either to dumb to see it happening or were just ignorant to it. People and banks just assumed housing prices would keep going up in perpetuity. I think ratings agencies might have been the biggest culprits.

expanding the monetary supply should happen in downturns. go buy a car or a house now and see how low interest rates are you don't think that's helping the common man? it's certainly not helping the banks.

and apparently we can't trust people anymore to make credit decisions like "can I afford this house?" regardless of how "predatory" the banks were.

 

[Domingo Halliburton]

Though I'd argue that original problem that forced the Gov't to step in was artificial (as in someone creating a problem that needs "fixing"), I dont think anyone is arguing against Gov't intervention. A gov't is there to protect and guide its constituents. What I would personally like is the gov't to intervene on MY BEHALF. Meaning to my benefit. Not just me but the country as a whole. Not selling us out to the Federal reserve. What about you?

Though Im sure others share my sentiments, I'll speak for myself. OF COURSE I dont want the Federal Reserve to exist. Its a scam to say the least. For earlier beliefs on it, you can read what Thomas Jefferson and Andrew Jackson said in the 1800's of private banks controlling money. Whats the solution is the question that needs to be answered.

I think having an independent Federal Reserve is a good thing.

I think Obama and congress should of ran higher deficits and cut taxes for lower and middle income and not just tax holidays for a couple years like the payroll tax thing.

I think Bernanke has done about everything he could of done. It's up to congress and the president to step up from here on out.

 

[¯\_(ツ)_/¯]

Come on with that

What got us in the great depression in the first place?

You didn't know recessions were happening frequently before a Central Banking system was established?

 

[Kritic]

You didn't know recessions were happening frequently before a Central Banking system was established?

everytime you post it puts a smile on my face. you bring me joy.


show your proof. and then i go look for how and why those "recessions" happened.

 

[OsO]

sure I simplified it. Bush and the regulators were either to dumb to see it happening or were just ignorant to it. People and banks just assumed housing prices would keep going up in perpetuity. I think ratings agencies might have been the biggest culprits.

expanding the monetary supply should happen in downturns. go buy a car or a house now and see how low interest rates are you don't think that's helping the common man? it's certainly not helping the banks.

and apparently we can't trust people anymore to make credit decisions like "can I afford this house?" regardless of how "predatory" the banks were.

dont be naive. the federal reserve system fell victim to the same thing our government fell victim to: private dollars and private interests. the fed is QE'ing it to death because it's better for their private investors, they're not thinking about the general public. we're allowing them to pump our tax dollars from now until 2050 into private coffers in the hope that some of that money trickles down they are basically using our tax dollars to increase the economic inequality gap, but people like you always allow the criminals in government to plead ignorance. they're not ignorant. they're hustling the shyt out of the american people along with the corporations.

our current economic trajectory is completely unsustainable. we must remove these people from leadership, it's not even a question at this point.

 

[Kritic]

dont be naive. the federal reserve system fell victim to the same thing our government fell victim to: private dollars and private interests. the fed is QE'ing it to death because it's better for their private investors, they're not thinking about the general public. we're allowing them to pump our tax dollars from now until 2050 into private coffers in the hope that some of that money trickles down they are basically using our tax dollars to increase the economic inequality gap, but people like you always allow the criminals in government to plead ignorance. they're not ignorant. they're hustling the shyt out of the american people along with the corporations.

our current economic trajectory is completely unsustainable. we must remove these people from leadership, it's not even a question at this point.

we can't get out of this mess. if they come close to being exposed they'll crash the economy.
would you rather live a lie and let them continue living large or expose the system doesn't really work and crash it and fight amongst each other for food?

 

[OsO]

we can't get out of this mess. if they come close to being exposed they'll crash the economy.
would you rather live a lie and let them continue living large or expose the system doesn't really work and crash it and fight amongst each other for food?

we are the economy. the people are the economy. the govt can never hold us down because we are always able to create our own shyt.

 

[ill]

If America is one of the most prosperous nations in the world then the Fed is successful. Its that simple. We are better off than most of the world because of it. Are there flaws? Hell yeah but without the Fed our financial system would be 1000000x more fukked than it is today.

The reason the Fed was created:
http://en.wikipedia.org/wiki/Panic_of_1907

What the Fed does for us that you guys imply the government could do if the Fed was eliminated

Current functions of the Federal Reserve System include:[12][25]

• To address the problem of banking panics
• To serve as the central bank for the United States
• To strike a balance between private interests of banks and the centralized responsibility of government
  • To supervise and regulate banking institutions
  • To protect the credit rights of consumers
• To manage the nation's money supply through monetary policy to achieve the sometimes-conflicting goals of
  • maximum employment
  • stable prices, including prevention of either inflation or deflation[26]
  • moderate long-term interest rates
• To maintain the stability of the financial system and contain systemic risk in financial markets
• To provide financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system
  • To facilitate the exchange of payments among regions
  • To respond to local liquidity needs
• To strengthen U.S. standing in the world economy

 

[Dusty Bake Activate]

If America is one of the most prosperous nations in the world then the Fed is successful. Its that simple. We are better off than most of the world because of it. Are there flaws? Hell yeah but without the Fed our financial system would be 1000000x more fukked than it is today.

The reason the Fed was created:
http://en.wikipedia.org/wiki/Panic_of_1907

What the Fed does for us that you guys imply the government could do if the Fed was eliminated

The problem is 99% of the people here who criticize the Fed do not even attempt to educate themselves on its basic organization and functions, or on the fundamentals of finance and macroeconomic theory in general. They just get conspiratorial misinformation from bullshyt sources that validates their pre-conceived assessments of evil secret supervillians plotting our demise. It obscures real debate because monetary policy is a very important thing and there's obvious corruption there.

Leyet has no fukking clue whatsoever and just rambles in e-revolutionary polemics full of drivel and fail like he always does about fluoride and everything else. The OP posted a bullshyt article from Eustace Mullins, a known anti-Semitic, racist, Hitler-supporting ducktaler who believes HIV doesn't cause AIDS and all types of other pseudoscientific nonsense and just made up a bunch of 6 degrees of Jews conspiratorial bullshyt like Glenn Beck in front of a chalk board and these smartdumb youtube Ph.D's keep citing it 60 years later like it means something.

Most of these dudes are on that

shyt and CANNOT be reasoned with.



I learned that from this thread.

http://www.thecoli.com/threads/debunking-federal-reserve-conspiracy-theories.50207/

 

[OsO]

The problem is 99% of the people here who criticize the Fed do not even attempt to educate themselves on its basic organization and functions, or on the fundamentals of finance and macroeconomic theory in general. They just get conspiratorial misinformation from bullshyt sources that validates their pre-conceived assessments of evil secret supervillians plotting our demise. It obscures real debate because monetary policy is a very important thing and there's obvious corruption there.

Leyet has no fukking clue whatsoever and just rambles in e-revolutionary polemics full of drivel and fail like he always does about fluoride and everything else. The OP posted a bullshyt article from Eustace Mullins, a known anti-Semitic, racist, Hitler-supporting ducktaler who believes HIV doesn't cause AIDS and all types of other pseudoscientific nonsense and just made up a bunch of 6 degrees of Jews conspiratorial bullshyt like Glenn Beck in front of a chalk board and these smartdumb youtube Ph.D's keep citing it 60 years later like it means something.

Most of these dudes are on that

shyt and CANNOT be reasoned with.



I learned that from this thread.

http://www.thecoli.com/threads/debunking-federal-reserve-conspiracy-theories.50207/

as usual, you're foolishly confusing the theory of the federal reserve system and the real life application of the federal reserve system.

all you can do is hurl petty insults, you cant actually refute anything i wrote in my post with facts or even an educated opinion of your own.

in short,

 

[Kritic]

If America is one of the most prosperous nations in the world then the Fed is successful. Its that simple. We are better off than most of the world because of it. Are there flaws? Hell yeah but without the Fed our financial system would be 1000000x more fukked than it is today.

The reason the Fed was created:
http://en.wikipedia.org/wiki/Panic_of_1907

What the Fed does for us that you guys imply the government could do if the Fed was eliminated

those things you state teh fed does are some of the lies used to push for the fed. its a system pushed to favor a certain class of ppl that's why ppl like you push it because your ppl are favored by it. of course the typical citizen doesn't know anything about only jewish ppl being hired into the fed. typical ppl don't even know nothing about jewish ppl. all they know is they suffered the holocaust.
the sytem works for you ppl. not the rest of the country. how the fed really operates isn't taught in schools. how wall street really works isnt taught in schools. i had your buddy broke wave tell me i don't know how wall street works. like he does. i just bust out laughing at these ppl. and how the fed and wall street works together to continue to lie to ppl. first it's to expose wall street then the fed follows.
they're tight lipped in secrecy but they must be exposed. it's the secret society the homie jfk was talkin about..

 

[OsO]

If America is one of the most prosperous nations in the world then the Fed is successful. Its that simple. We are better off than most of the world because of it. Are there flaws? Hell yeah but without the Fed our financial system would be 1000000x more fukked than it is today.

The reason the Fed was created:
http://en.wikipedia.org/wiki/Panic_of_1907

What the Fed does for us that you guys imply the government could do if the Fed was eliminated

dont be naive. the federal reserve system fell victim to the same thing our government fell victim to: private dollars and private interests. the fed is QE'ing it to death because it's better for their private investors, they're not thinking about the general public.

 

[ill]

those things you state teh fed does are some of the lies used to push for the fed. its a system pushed to favor a certain class of ppl that's why ppl like you push it because your ppl are favored by it. of course the typical citizen doesn't know anything about only jewish ppl being hired into the fed. typical ppl don't even know nothing about jewish ppl. all they know is they suffered the holocaust.
the sytem works for you ppl. not the rest of the country. how the fed really operates isn't taught in schools. how wall street really works isnt taught in schools. i had your buddy broke wave tell me i don't know how wall street works. like he does. i just bust out laughing at these ppl. and how the fed and wall street works together to continue to lie to ppl. first it's to expose wall street then the fed follows.
they're tight lipped in secrecy but they must be exposed. it's the secret society the homie jfk was talkin about..

Heres an article that I know you'll love. Its from my people so I have no doubts in my mind that you'll claim its propaganda and misleading.

http://archive.adl.org/special_reports/control_of_fed/print.html

In fact the Federal Reserve Bank of New York —the largest and most significant of the Fed’s 12 banks — lists the banks in the Second Federal Reserve District that are members and stockholders in the New York Federal Reserve Bank. With the exception of the Chase Manhattan Bank, the institutions cited by the NARFE newsletter as allegedly owning and controlling the Federal Reserve system ("Rothschild ...Lazard Brothers ...Israel Moses Seif ...Warburg ...Lehman Brothers ...Kuhn, Loeb ...Goldman, Sachs") were not members of the Federal Reserve Bank of New York.

@LeyeT So what do you suggest is a better alternative? Let the banks go back into the Free Banking Era and let the oligarchs control everything? Let Rockefeller monopolize industries and use his massive finances to govern the rest of the country?

 

[Kritic]

Heres an article that I know you'll love. Its from my people so I have no doubts in my mind that you'll claim its propaganda and misleading.

http://archive.adl.org/special_reports/control_of_fed/print.html




@LeyeT So what do you suggest is a better alternative? Let the banks go back into the Free Banking Era and let the oligarchs control everything? Let Rockefeller monopolize industries and use his massive finances to govern the rest of the country?

my bytch calls me and we gotta go outta town. for a few days.
rockefeller and jp morgan got their money from europe banks/rothschilds.

but i gotta go i'll catch you on the flip side..


@Ill watch my computer that rothschild organization, nsa, doesn't hack my computer again. i'll leave it on.

 

[ill]

my bytch calls me and we gotta go outta town. for a few days.
rockefeller and jp morgan got their money from europe banks/rothschilds.

but i gotta go i'll catch you on the flip side..


@Ill watch my computer that rothschild organization, nsa, doesn't hack my computer again. i'll leave it on.

I'll be here waiting for your flip side response. Not sure about the tagged reference though. If I had a trillion in the bank I don't think I'd be worrying about what you post on the coli