Fed Reserve....is It Capitialism Or Socialism

Discussion in 'Economics' started by ERoptions, Jul 6, 2006.

  1. "Although today the governors of the Federal Reserve are literally the gods of the nation's money supply and financial policy, in previous eras of American history, leaders warned specifically against an unaccountable, unelected central bank:

    * "I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." – Thomas Jefferson

    * "Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." – Daniel Webster

    * "Whoever controls the volume of money in any country is absolute master of all industry and commerce." – James A. Garfield

    * "All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." – John Adams

    Now I doubt these individuals knew what would happen with the FED. As a capitalist, I wonder if the FED is truly needed. Like today's action, weak but the market moved 80+ points on the cooling of the economy outlook....which pointed to "FED's LESS LIKELY TO RAISE AGAIN" mental attitude. All day long, news of such came across my bloomberg terminal.....It will be interesting to see how the effects of Higher Energy Prices but slowing "Manufacturing", "Retail Spending" (wmt told of lower sales expectaions as did most retailers), and "Johnny Has had 4 refies and cant pull any more money out to spend" population comes to a slowdown.


  2. zdreg


    the united states did quite well before the fed was estabilshed.
    banks issued their own notes. the greater the distance from the bank the greater the discount
  3. "Give me control over a nation's currency and I care not who makes its laws."
    Baron M.A. Rothschild

  5. zdreg


    being jewish doesn't give you a heads up. people who hate jews don't care if you are a self loather.
  6. Hehe and the Rothschilds did exactly that. BTW, they are not really jewish, just pretend to be. If anything, they are Zionists who had no problem financing Hitler (along with Rockefeller, Carnegie, Ford, Bush and almost every major capitalist in the world).

    Federal Reserve is not a govenment institution so how can it be socialist.
  7. the fed is a delaware corporation
  8. It's all about emotionally training the masses. Leading and pacing and associating. Some documentaries from the BBC:

    The Century of Self
    http://www.archive.org/search.php?query=century self adam curtis

    The Power of Nightmares

    Socialism is desired because it's easier to control and profit from the masses. A non-random sequence of events:
    - Fed is created in 1913
    - Stock and real estate bubble through 1929
    - deflationary depression
    - New Deal is accepted by the public (socialism)
  9. Oh yeah this is such a socialist country with homelessness, no health coverage and an ever widening rip between the rich and the poor. BTW, what's really funny is that it has been researched that among the first world countries, USA has become the toughest to move up through the classes.

    This country resembles Mexico rather than Europe. Did not know Mexico is a socialist country, lol.

    I think you and some other posters need to look up the concept of socialism, in theory and in practice. Here is a start http://en.wikipedia.org/wiki/Socialism
  10. Federal Reserve as a lender of last resort is necessary.
    #10     Jul 7, 2006