811f304d1edba24fb92ebcd4eeb3d8a8

You say the Fed is horrible. The cause of our problems. Please explain.

Taco Bowl @ about 5 years ago

Comments (93)

6c48fb73634fa41fe7915a7faf370ee7

we don't know we're trees

Mr. Pink @ about 5 years ago

Brunswick, OH, USA

8166c919dd42790b7892a22c410fdc1f

You don't know you aren't a tree.

ONaA @ about 5 years ago

Coitsville, OH, USA

6c48fb73634fa41fe7915a7faf370ee7

I'm leaving

Mr. Pink @ about 5 years ago

Strongsville, OH 44136, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Exactly. It's easier to say something our bad than to actually explain why. The echo factor for the most part. You heard it was bad so it must be bad so you say it's bad cause it must be bad cause somebody said it's bad.

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

OK...I'll try to make it quick and easy to understand. The Federal Reserve Bank is a privately owned corporation that controls the public money supply, interest rates, trading between banks, oversight of investment banks, and is beholden to no one in

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

Privately owned?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

congress, meaning there is no public oversight, no explination of how keeping interest rates artificially low while printing more money is doing more harm to the economy. On top of all that, the most damning of all their controls, we pay taxes,

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

Who runs this "privately owned corporation"? & how does one get that job?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

go into the federal reserve to pay debt. How this should be illegal is this: They order the "printing" of money (digital at this point, but follow with me) that we print and send to them, which they loan to us (for budgets, wars, etc) at interest.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

The debt is compounded by the interest on the money we the people should rightfullly own. There should be no debt bearing interest on our money. Side note, the last president to print debt free currency was Kennedy. Lincoln also did the same.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

Ok, I'll wait for your answers before I proceed.

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

The Fed exists for the sole purpose to create money from nothing. The Federal Reserve is like Amway for banks.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

Did you see my questions above?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

I do now. The Board of Governors runs it, and the shares are owned by the major private banks, which receive a 6% dividend on earnings from the federal reserve.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

How does one get a job on this Board of Governors?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

The board of governors is made up of the 12 regional heads, and the chairman (13 for you numerology/Illuminati fans). Thy usually come from the large investment banks: JP Morgan, Goldman Sachs, Morgan Stanley, etc. You know, the ones we keep giving

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

billions to because they can't run their books right?

F Taylor @ about 5 years ago

Limon, Costa Rica

8166c919dd42790b7892a22c410fdc1f

They must be chosen at a young age. Separated from society, and trained in the Dark Arts.

ONaA @ about 5 years ago

Coitsville, OH, USA

60d531134558da173d1e4f06ab9ff7b7

Lol In the case of Jamie Diamond, I think he was.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

So the 12 regional heads choose the chairman?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

811f304d1edba24fb92ebcd4eeb3d8a8

You haven't answered. How does one get a job on this board?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

8166c919dd42790b7892a22c410fdc1f

IT IS FORBIDDEN!

ONaA @ about 5 years ago

Coitsville, OH, USA

60d531134558da173d1e4f06ab9ff7b7

The chairman is appoint by the president, and confirmed by the Senate. Bernanke was appointed by Bush. This is where the conspiracy stuff comes from. Once the confirmation occurs, its hands off, which is why Ron Paul (who ran the committee that's

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

supposed to oversee the money). The Federal Reserve has not agreed to a full audit of the books since the 30s, when one of the biggest senators of the day called it a criminal syndicate.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

The board has been know to give themselves favors through an internal approval process, that results in the advancement of the board members personal wealth. Free money essentially.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

They control every financial transaction in the US, and as of 2010 or 11, they "merged" for lack of better term with the Bank of England, owned by the Rothschild family descendants.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

Now, its an offshore banking cartel that controls the majority of the worlds money, and what the currency is worth through the printing presses. The only advantage we've had over the last 60 years is that we were the reserve currency. That's changing

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

now that China and Russia have agreed to lock their currencies as a reserve, which the World Bank has been looking to do for 7 years publicly. They've been begging for an end of the dollar as the reserve for longer.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

So the President of the United States appoints the Chairman of a privately owned corporation pending Senate approval? And how are the other board members hired? Does the Chairman appoint them?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

Unfortunately, this isn't some outlandish tale from a movie plot, this is in the news, and has been for too many years to count. Hardly anyone was paying attention until guys like David Icke, Alex Jones, and Mark Dice started banging the drums on it.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

Those three are a little over the top, but the stuff they dig up is usually spot on.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

The rest of the board, how did they get their jobs? Stock holder vote? Board member vote? Chairman decision?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

The same system for 5 or 6, the rest come from internal promotions amongst the banking systems. The one rule I know for a fact that has been followed in the last 30 years is that no board member may currently be the head of any bank at time of

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

appointment. Each appointment is for 14 years, but they can and have served as long as 23 years I believe, due to their own rules.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

You said the federal reserve board is made up of the Chairman & the 12 reginal heads?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

811f304d1edba24fb92ebcd4eeb3d8a8

What does "the same system for 5 or 6" mean?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

D0e7fb31bd15dc1c8dd4c77a7f1440c4

The Federal Reserve is a govt institution as The Board of Governers and the Chairman are appointed by the President. The Federal Reserve Banks and it's member banks are private.

Classical Liberal @ about 5 years ago

Northlake, IL, USA

811f304d1edba24fb92ebcd4eeb3d8a8

That's not what F Taylor said. He said "The Federal Reserve Bank is a privately owned corporation.."

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

6 of the board members, plus the chair, are appointed. The remainder are chosen from out of a hat for all I know, but they all come from within the banking world.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

It is as I said.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

6 of the 12 board members?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

Plus the chair. The remainder come from the newer regional federal reserve banks. To be honest, I never went that deep into where the others come from. They're not that interesting, unless they go on to something important. For the most part, they're

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

bankers. Hell, I don't think they're level listed on the website, partly because they change so often compared to the ones appointed under the federal reserve act of 1913.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

The people that are the ones to watch are the head of the Fed, Greenspan was a master at blaming the Treasury for everything, the head of the Treasury, Paulson was a douche, and usually the Vice Chairman of the Fed. The rest are usually being rewarde

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

The federal reserve board is only 7 members. No more. The Chairman, the Vice Chairman, & 5 members. All appointed by the President & confirmed by the US Senate. How is this a "privately owned corporation"? Who is the owner?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

60d531134558da173d1e4f06ab9ff7b7

for being good bankers, but rarely make any waves or do anything. I sat through a couple of open sessions over the years, and they were rather enlightening. They truely think they're above the rest of us. The nature in with they talk about their

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

"experiments" with the economy and how they move money around to "bolster" weak banks is astonishing. They are part of the reason we have concepts like "too big to fail".

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

I've sat in the room with the 7 plus the heads, making 13 on several occasions. They all identified themselves as the board. What should I believe, what's in front of me, or what I'm told to believe like a good boy? No wonder we're in a mess.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

Other private banks own stock in the federal reserve. As I explained. There are rules with it, but if a company is not for profit, how do they pay a dividend? Through the profit they make on interest? What about the interest they're not making on

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

now making on treasury notes? Can't be those...they're not for profit. Dig deeper and follow the money. Its a pretty ####ty system we're stuck in. I don't know that I buy a global cabal of demons trying to kill us all off, but I do believe that

F Taylor @ about 5 years ago

Limon, Costa Rica

8166c919dd42790b7892a22c410fdc1f

TURN TO CHRIST!

ONaA @ about 5 years ago

Coitsville, OH, USA

60d531134558da173d1e4f06ab9ff7b7

a central banking system like we have is dangerous to our economy, our money, and our standard of living.

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

The treasury should be the one making the decisions, with direct congressional oversight and audits. Not a group of fools that think printing more money to fix our economy is a great idea. The budget is out of control, because "we can just print more

F Taylor @ about 5 years ago

Limon, Costa Rica

60d531134558da173d1e4f06ab9ff7b7

money" or that "we can't let banks fail, because that would be bad for the economy"! Bailing out any business has never been worth the return. Airlines? Autos? Banks? We continue to bail them out, and they keep failing. Its a cycle.

F Taylor @ about 5 years ago

Limon, Costa Rica

811f304d1edba24fb92ebcd4eeb3d8a8

So let me get this straight. You're waiting that the 6 (not counting the chairman) board members are also federal bank presidents? They are 6 of 12?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Isn't that what you said?

Taco Bowl @ about 5 years ago

Warwick, NY 10990, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Crickets

Taco Bowl @ about 5 years ago

Warwick, NY 10990, USA

811f304d1edba24fb92ebcd4eeb3d8a8

aaaand Crickets

Taco Bowl @ about 5 years ago

Warwick, NY 10990, USA

811f304d1edba24fb92ebcd4eeb3d8a8

I recommend that if you want to hate something, know what it is you're hating.

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

4f2296c5af7fa46de0b9954997a11412

has he said anything (in this thread) that's untrue so far? I personally don't know much about the fed, but I do know it's bad to print $$ on a whim with nothing to back it up...

Repeal the "Patriot" Act!™ @ about 5 years ago

7, LA, USA

B35527b232c45def78db4f6949419182

Funny advice there plc... Seems very relevant to another thread.

Tjaden Froyda @ about 5 years ago

Kutzky Park, Rochester, MN

811f304d1edba24fb92ebcd4eeb3d8a8

Repeal, the first thing about the fed he said is "The Federal Reserve Bank is a privately owned corporation..." I haven't been able to say that's true. Can you?

Taco Bowl @ about 5 years ago

Tuxedo Park, NY 10987, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Skal, in the other thread you brought up obamacare. Not I. In the other thread, I never say I hate it. I simply stayed my opinion on the purpose & the stated goal of the President & the democratic party. I told no lies. I also said I was done.

Taco Bowl @ about 5 years ago

Tuxedo Park, NY 10987, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Repeal, it's funny that you post here. Considering we had a similar conversation regarding the Patriot Act. You find it so disgusting you make it your name but you can't find the time to actually know anything about it. How appropriate.

Taco Bowl @ about 5 years ago

Tuxedo Park, NY 10987, USA

B35527b232c45def78db4f6949419182

I brought it up as a counter example to your claim the liberals moved far, far left. You didn't lie, you just denied history because it didn't fit that claim.

Tjaden Froyda @ about 5 years ago

Rochester, MN 55901, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Ok

Taco Bowl @ about 5 years ago

Tuxedo Park, NY 10987, USA

B35527b232c45def78db4f6949419182

You then brought up single payer, despite all the evidence that it moved us further from that. I just find your rebuke of repeal very hypocritical

Tjaden Froyda @ about 5 years ago

Rochester, MN 55901, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Ok

Taco Bowl @ about 5 years ago

Tuxedo Park, NY 10987, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Rebuke LOL

Taco Bowl @ about 5 years ago

Tuxedo Park, NY 10987, USA

B35527b232c45def78db4f6949419182

Fun word, huh. :-)

Tjaden Froyda @ about 5 years ago

Rochester, MN 55901, USA

Bcdbe76d5a1c41fae89d40380a3d5858

It states on the federal reserve's own website that their shares go to private banking institutions and that they pay a dividend. When you issue stock, that gives someone some sort of ownership control, doesn't it?

Jester @ about 5 years ago

Ringgold, VA 24586, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Does it? Do stock holders control anything? If so, what?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

811f304d1edba24fb92ebcd4eeb3d8a8

Do you think the fed is "a privately owned corporation"?

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

811f304d1edba24fb92ebcd4eeb3d8a8

I hear how horrible the fed is. A lot of words but never anu fact to prove it. I'm not saying it's this or that. I honestly have no opinion on the fed. But with all the rhetoric about it, you would think it would be an easy case to prove.

Taco Bowl @ about 5 years ago

Monroe, NY 10950, USA

C3d8e2ed711cf2fa95c0fb0976dafe28

I see jose is just buying time with BS questions because he hasn't figured out what to say yet. I'm sure he will blame it on guns and Randy Weaver.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

Since he really isn't a strong debater and just wants to blow smoke I'll step in.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

Repeal, the bank does not print money on a whim. It prints or retains bills with the autority given to it by congress to control monetary policy, among other things.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

"nothing to back it up" Is really without merit because we, as a people back it up. Paper money and gold itself have no value except the value that we ascribe to it.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

That's econ 101. If we as a people decided gold isn't that nice at all tomorrow that's it, it is suddenly worthless. Paper bills are reflective of the faith we have in our economy and the future of it.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

It's like a stock. It goes up or down based on percieved value. Take facebook, why would facebook be worth anything except for the potential of the people who mindlessly stare at it and the hope they could be turned into

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

opportunities for profit.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

If gold really is your thing the federal reserve bank has more of it than any other entity in the world.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

We still have plenty of gold in fort knox, but it is redundant because the gold the reserve bank holds is pretty much ours as well.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

4f2296c5af7fa46de0b9954997a11412

not sure why the tpa discussion is relevant, and really just because I can't quote thousands of pages of legalese doesn't mean I lost the debate.

Repeal the "Patriot" Act!™ @ about 5 years ago

7, LA, USA

C3d8e2ed711cf2fa95c0fb0976dafe28

The profits the reserve bank has made are our profits. The banking system is self-funded making it the only government program that funds itself.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

4f2296c5af7fa46de0b9954997a11412

wv... that's why I can't really grasp the whole fed debate. paper $, gold, silver etc are just ideas really.

Repeal the "Patriot" Act!™ @ about 5 years ago

7, LA, USA

C3d8e2ed711cf2fa95c0fb0976dafe28

Exactly, a society can decide to pay in bottlecaps, or seashells as jose's homeland does.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

Economic theory, globally, all the way down to a corner store in a small fishing village, is all a ponzi scheme based on what value we as a society give it. It is only given that name when it goes bad.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

I have a lot of gold bars myself, I purchased them when they were a lot cheaper but that's not the thing, I need it to do my job, I wont sell at the higher rate because utilization of it still nets me more money.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

I suppose when I decide to go galt and get on welfare I will sell it all. Then that will be the life. $420 a month for doing absolutely nothing. That's obamas america.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

Or if we do decide to devalue gold as a society I will just have to settle for the millions of dollars I already have and just scrap the gold in a landfill. Perhaps they will use it to redo plumbing since the chinese

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

C3d8e2ed711cf2fa95c0fb0976dafe28

take all the copper.

WV Conservative @ about 5 years ago

Leominster, MA 01453, United States

Bcdbe76d5a1c41fae89d40380a3d5858

I don't know what controls the stock holders have, but what company that isn't a corporation, issues stock? I think if we just look at it at face value, its a corporation owned by the banks. Is it evil? I don't know.

Jester @ about 5 years ago

Ringgold, VA 24586, USA

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