"Fed Deception"

Discussion in 'Economics' started by wilburbear, May 12, 2008.

  1. I hate to break the news to you but the majority of the world has NOOOOO clue about the manipulation of the world's money supply.

    The difference between yesterday's monarchy and today's democracy is marginal at best.

    Don't worry folks, Obama will make "CHANGES":D
     
    #11     May 14, 2008
  2. Mvic

    Mvic

    The biggest deception has been that tax payors have not had to pay a dime for all this bailing out the Fed has been doing. We have all been paying for it at the pump and at the store, make no mistake about that and with the poorest paying the most, sad considering they derived little benefit from Wall Street's excesses. As much as I would loathe an Obama Presidency perhaps it is exactly what WS and the Fed deserve.
     
    #12     May 16, 2008
  3. gnome

    gnome

    Correctamundo! Few people get it.

    "Changes" under Obama are going to be like swapping one dirty diaper for another dirty diaper.
     
    #13     May 16, 2008
  4. LT701

    LT701

    that's exactly what it is, and it's incredibly cruel

    you have old widows on fixed incomes, driven further into poverty, to subsidize call girls for wall street slime - literally
     
    #14     May 16, 2008
  5. LT701

    LT701

    Here's what congressman Charles Linbergh (the aviators father) said when the fed reserve was created. This man was a great patriot, and he saw it all, from day 1

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

    "This Act establishes the most gigantic trust on Earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized, the people may not know it immediately but the day of reckoning is only a few years removed.... The worst legislative crime of the ages is perpetrated by this banking bill."

    "A radical is one who speaks the truth."[4]

    "The Aldrich Plan is the Wall Street Plan. It means another panic, if necessary, to intimidate the people. Aldrich, paid by the government to represent the people, proposes a plan for the trusts instead." - The Aldrich Plan (History of central banking in the United States) was a forerunner to that which spawned the Federal Reserve.


    "To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance."

    "The financial system [...] has been turned over to the Federal Reserve Board. That board administers the finance system by authority of [...] a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money."
     
    #15     May 16, 2008
  6. Mvic

    Mvic

    Do I smell a moveon.org ad in the making? Flashy WS guy in Scores throwing it about fade to grandma opening her last tin of cat food for the month sharing it with kitty as she looks at the calender and counts the days until the next big X, when she will get her next SS check
     
    #16     May 16, 2008
  7. LT701

    LT701

    moveone.org is the most disingenous group of slime ever to slide onto the political scene

    they're cheap labor silicon valley sweatshoppers
     
    #17     May 16, 2008
  8. Mvic

    Mvic

    Preaching to the choir LT, most of them are decent folks but just haven't a clue about the crisis that faces the US. We can no longer afford all that idealistic clap trap.
     
    #18     May 16, 2008
  9. Meanwhile, our wonderful CONGRESS is passing a $300 BILLION DOLLAR "FARM BILL" in which 14% or $52 Billion goes to subsidize the poor rice, wheat, corn, and soybean farmers . . .they have conveniently renamed it the "Nutrition Bill" so that it sounds "tasty" to the American public . . . More Pork?

    Give me a break!
     
    #19     May 16, 2008