Ever wonder what the Federal Reserve was ?

[flappy]

Who are some of the private bankers of the Federal Reserve? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.
When you owe someone a few trillion dollars, they kind of have control of your life.

[Grieves]

[Zerø]

The Federal Reserve is a non-profit corporation owned by member banks, who receive a small percentage of it's profits (interest paid to the Fed) as a dividend. The rest goes into the Treasury. When the Fed was created, back in 1913, some of the people mentioned above were supporters, either on the Morgan side or the Rockefeller side, however, they don't own it, and don't need to. The Fed, as a central bank, makes fractional reserve banking possible, without fear that other banks will threaten their solvency by demanding redemption of transfered funds in specie (or, currently, paper currency). As both the Morgan and Rockefeller camps had alot to gain in this cartelization of the US Banking industry (because they owned alot of banks between them), they got behind it.

Now, with Wall Street cast as the pariah, and a FAR more powerful central government, it's possible they might pull the fascist move, and raise reserve rates to guard against the inflation that their recent run up of reserves could cause. It would take power from the banks, and give it to the government. That's the key event, when banks become the bitch of the government, and not the other way around, fascism has begun, and capitalism has ended.

Let's see what happens.

Ø

[flappy]

All I can say is read Eustace Mullin's old classic "Secrets of the Federal Reserve" for the real definitions.
When you use the words "non-profit" in reference to these monsters, I know you are just starting your journey like many before us.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson

[kamikazi89]

..and what about china

[Zerø]

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson

"Permit me to issue and control the money of the nation and I care not who makes its laws." — Mayer Amsched Rothchild

I'm with you. The Fed, as a legal entity, is a non-profit corporation. I hope that clears up what I was saying.

Ø

[Canuck Wisdom]

Profit making or not, in the technical sense, as the above Rothchild quote suggests, you dont need to take direct profit from the central bank to benefit from it. When you control inflation and the money supply, you control how much money you have relative to other people (in simple, generalized terms).

And that matters more than numbers. Just like how corporations don't compete for absolute gains, but rather for relative gains, each year.

[kamikazi89]

i don't think there's any arguing that the fed controls the money supply...they only wish they could (completely) control inflation

i guess one of the controversies is that it's a private entity.

[The Rev]

They control the quantity, but not how it is spent. They have, over the years, done alot to keep consumer price inflation in check (compared to the early years of the 20th, when 25% inflation or deflation was not uncommon). The thing is, the Fed is trying to fine tune things so that they can have their cake and eat it too. They want the economic and monetization benefits of running up the money supply, without any of the negative effects. It's just not possible. Sooner or later, the effects it has on the pricing mechanism (distortions in pricing between markets) come back to bite you in the ass (like with housing and the stock market, and the closing act of the oil bubble last summer).



The Rev

[Ego Tripping]

They control the quantity, but not how it is spent. They have, over the years, done alot to keep consumer price inflation in check (compared to the early years of the 20th, when 25% inflation or deflation was not uncommon). The thing is, the Fed is trying to fine tune things so that they can have their cake and eat it too. They want the economic and monetization benefits of running up the money supply, without any of the negative effects. It's just not possible. Sooner or later, the effects it has on the pricing mechanism (distortions in pricing between markets) come back to bite you in the ass (like with housing and the stock market, and the closing act of the oil bubble last summer).



The Rev

Now then, there is the appearance that the global economic upheaval will be resolved within the very same system that caused it. This is an Illuminati contrivance to prevent your knowing that their system, which has been rotten to the core from its inception, has crumbled and only the façade remains. Conversion to a new economic foundation and operation is an enormous undertaking, and it cannot be publicly heralded that this is occurring as that would cause panic throughout the business world. The lighted souls who are leading the way know that panic would fuel the dark ones, who are clinging on for dear life; it is essential that these new leaders take judicious steps quietly to avoid creating a fear-filled populace.

For what it's worth:

July 18, 2009

[SpankyMcLankey]

When you owe someone a few trillion dollars, they kind of have control of your life.

and your kids grandsons kids lives too.

[kamikazi89]

& who is that someone: EXACTLY

on a more personal note i have no debt (other then taxes) and with the amount of government deficit spending pilling up they ain't going away either...

[flappy]

You probably have rent or think you own your own home. It's a "pay as you go" lifetime.

[kamikazi89]

i don't own a home, there's no way i could afford one unless i get a loan(my dads mortgage has been paid off, his only bills are property taxes, water, sewer and the like

[flappy]

No one owns their home, Kam. It's an illusion. To prove that, all someone needs to do is not pay their property taxes. They will soon find out who really owns it.

[kamikazi89]

sure, the whole concept of private property comes from the aristocracy..so it's perfectly logical( lower population densities would mean less infrastrutcure and that would lead to less taxes

..i'm willing to bet there are places \() that don't collect taxes at all

[flappy]

For what it's worth:

July 18, 2009

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
--President Woodrow Wilson (The president whose administration passed the Federal Reserve Act)

[Grieves]

Defaulting is necessary...Building s can be owned, but land can't be...If you can't pay the taxes to rent the land than you don't deserve it...Plain and simple...

[kamikazi89]

property free and clear is a deer thing

happens all the time. just takes a little research..and desire

[flappy]

i don't think there's any arguing that the fed controls the money supply...they only wish they could (completely) control inflation

i guess one of the controversies is that it's a private entity.

Inflation is meaningless to them. After WorldWar 1 in Germany, entire factories were being bought for a few hundred dollars or pounds. The german citizen needed a billion marks of his own currency to buy a loaf of bread.
They use inflation and deflation to steal effectively. When currency is based on gold, their currency is finite. When it is printed out of thin air, like today, there is an infinite supply. That's how we can afford military bases in 130 countries around the world.