According to the Creature from Jekyll Island, its primary function is really to ensure profits for bankers. Everything is done in the guise of protecting the public interest, but in the end, the banks and financial institutions get bailed out while the cost goes to the taxpayer. The massive bailouts that occurred a few years ago were predicted many years earlier by Griffin.
You are as naive as it gets. I suggest you read some of Rothbard's books: http://mises.org/store/Rothbard-The-Complete-Collection-P259.aspx As for the history of fed, a good read is Eustace Mullins' Secrets of The Federal Reserve. Read them and come back to this forum.
I bet the Governors are on a big big wage !! They are so short sighted, by concentrating on maximising their OWN salaries/pensions they are creating massive resentment which builds and builds into socialism. We have just had another big dose of socialism in the UK. And as predicted they nearly bankrupted the country ( with a lot of help from Wall St./sub prime mortgage crooks etc. !! ) Their GREED is what keeps socialism going imho
Thx a lot to all for the delicious posts before... A little comments to these few "guys".... Because of Wednesday the fourth of March, one thousand seven hundred and eightynine... source : http://upload.wikimedia.org/wikipedia/commons/7/79/Bill_of_Rights_Pg1of1_AC.jpg Loyal to Ideals YOU ARE A JOKE !!! sorry... 4u To see the light you need to open your eyes ^^ P.S. \\run timeoptimizer.exe .........100% >> Move Martinghoul to ignore list >> Press Y to confirm N to cancel \\y >>Martinghoul moved to ignore list \\esc
I think you are making a big mistake. Martinghoul is one of the members who knows most about this subject in this forum.
I agree. I look forward to MG's comments more than anyone on economics, even though he does not seem to like any of this conspiracy stuff. Although I am still waiting for his promised opinion on the Money Masters video. However, my posted video about The Creature from Jekyll Island is shorter. I would sure like to hear his opinion on that as well.
Excuse me, did you actually have a point?? Me think not. When you show me a couple of Western (or any decent sized for that matter) countries operating without a central bank we can talk.... Read American history in the XIX century. There were bank failures left and right. There was a banking crises in every 9 years or so. Know your history... Once you traveled farer from your city, nobody accepted your money, issued by your bank. Convenience, I say.
One of the central points made in the Money Masters video is that instead of printing treasuries, that are sold to the fed and other central banks for interest thus enslaving the citizens of the USA, the congress should print money. If they can issue 1 trillion in bonds they can surely issue 1 trillion in green backs instead. This will break the dependency of the USA from the evil bankers. Let's discuss this point. Why is the governments so stupid to borrow with interest instead of printing money directly as needed?