harrytrader excellent posts. vak get with it ! wake up ! try to look past your nose! harry's got wisdom.
Vak is really the widespread specimen of IGNORANCE as pointed by Russo "Very few people even know" that "The Federal Reserve" is "A Private Bank" ! From http://www.russoforpresident.com/issues.php?id=16 The Federal Reserve: A Private Bank (1:57) print article Can't see the video? Click here to install Java Turn on your speakers. Text version: No, there are no checks and balances anymore. The fact is the wealthy people who have influence donât want to upset the âapplecart.â Theyâre the ones that have a vested interest in keeping things the way they are, because theyâre wealthy. And itâs the poor people who want to change things, who have no say, who really have no real pull, and who donât understand what the Constitution is in many cases. We have to get back to the Constitution. A big part of the problem in America is the Federal Reserve really controls everything, and very few people even know that. People donât know the Federal Reserve is a private bank, because it has the word federal in front of it, people think itâs a government agency. Well so does Federal Express have the word federal in front of it. But itâs a private company just like Federal Reserve is. Federal Reserve is a private bank, and itâs a for profit bank. And this private bank in 1913 got the right, the concession to make money for America. Think about that. Let's assume you and I had the right to make money for America and whoever needed money had to come to us. Youâd own everything. So you go to borrow money to start a business, say you want to borrow twenty million dollars. So you go to a bank to borrow twenty million dollars. They send a computer entry into your account and it costs them nothing to make that. It came out of thin air. And now you for the rest of your life have to work to pay them interest and principal on something they made out of nothing. They own everything. Everybodyâs in debt to the Federal Reserve. They have amazing influence on politics, on the way things are run in this country and very few people know that itâs even a private bank and that they make a profit. When the government wants money where does the government get the money from? The Government gets the money from the Federal Reserve and they have to pay them interest on the money. Which means we have to pay more taxes. So why does the government have to pay interest to the Federal Reserve if they can produce the money themselves. Why are they giving it to them?
I quoted Russo it doesn't mean I'm libertarian. I'm rather republican but truly republican of real economist like Milton Friedman not the fake political republican like Bush who is huger tax spender than even a socialist and moreover he spend tax to do harmful wars ! Also the problem is not that the fed be private or public, the fact that they are private just shows more easily that their interest is not public, but even if it becomes public one day, the bureaucrats who control both camps corporates and big gov can still continue to do what they want. And since they have the power and money it is unrealistic to think that one can get rid off them in one day. So the real problem is really education of people. They know that's why they have created so many fundations to "educate" the people so that they ignore the basics about sound money ! Fake money is directly linked to what is happening today and above all tomorrow: permanent war and terrorism because it is this fake money that allows to finance with people's tax money ! Only a true consciousness and intelligence of a growing number of people can counter what is profiling for the future. Today there is only "political correctness" or hypocrit "humanitarian" discourses that are just not followed by results and worse followed by opposite results ! It is since 40 years that they pretend to reduce poverty in IIIrd world the result was just the contrary : they have pumped them and miseries are such that these people think that Ben Laden is their savior !