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Originally posted by mbkennel
You guys are just plain nuts.
Of course there's a global elite of 'rich people'. But I know what' y'all are getting at---the j-word. Screw that.
The Federal Reserve is only fictionally separate in order to attempt to be independent of short-term political pressures, e.g. to generate excessive short-term inflation, as has happened in other nations.
But otherwise the Federal Reserve, as the name stated, is an arm of the Federal government. Congress approves its members and is ultimately the true Board of Directors for the Fed. If necessary they could impeach and remove the Fed executives. And finally, the Fed turns over its profit to the US Treasury. In any other circumstance this would be called "ownership".
Before the Federal Reserve, it was in fact truly private banks who issued and created money. And there was more corruption and more bank failure and more cheating of the middle and lower classes to benefit the politically powerful and rich bankers. The notion that fractional reserve started with the Fed or such is nonsense, as is the delusion that in the USA everybody traded exclusively with gold coin. No, they had fiat money which (theoretically) was backed in a slim fractional reserve with gold. Theoretically. But since greed is eternal this was often abused. In the 19th century bankers expanded credit recklessly (i.e. privately increasing the money supply without any regulation) during booms and then during the inevitable bust they abusively called in loans which people like farmers or merchants were unable to pay and took possession of more and more assets.
The Fed was designed approximately to stop this and it generally works---better than the prior alternative.
Originally posted by In nothing we trust
The solution
Article. I. Section. 8.
The Congress shall have Power To coin Money, regulate the Value thereof
www.archives.gov...
Originally posted by DYepes
It really does not matter, because I am single handedly going to fix everything in the world
Anyone who wishes to join me may do so.
Originally posted by jaguarmike
This is by far the most dangerous thread ATS has ever had on it's board.
Originally posted by denythestatusquo
I still think this is the real reason that JFK was murdered above all the myriad other reasons offered.
Originally posted by In nothing we trust
Is Bush really a dummy, or is he just playing the part?
Originally posted by TheBorg
The first step to any kind of change is educating those that can make the most difference, the American People. Once they hear this, they'll all start collectively complaining at their Congressmen to fix it, and if they don't, then the People will react accordingly.TheBorg
Originally posted by Esoteric Teacher
Originally posted by In nothing we trust
The solution
Article. I. Section. 8.
The Congress shall have Power To coin Money, regulate the Value thereof
www.archives.gov...
Huh. Seems to me that you used the constitution to prove that the government is permitting acts which are unconstitutional.
... perhaps the military members would remember their solemn oath "to protect and defend the constitution of the United States against all enemies foriegn and domestic, so help me God", they would.
But, who would pay them their wages if they acted to protect and defend the constitution?