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The Federal Reserve is going back to Jekyll Island to celebrate the 100 year anniversary of the infamous 1910 Jekyll Island meeting that spawned the draft legislation that would ultimately create the U.S. Federal Reserve.
It was a system that was designed by the bankers and for the bankers. Now, the bureaucrats running the system are returning to Jekyll Island to congratulate themselves. Those attending the conference on November 5th and 6th include Federal Reserve Chairman Ben Bernanke, former Fed Chairman Alan Greenspan, Goldman Sachs managing director E. Gerald Corrigan and the heads of the various regional Federal Reserve banks.
Today, the Federal Reserve has more power over the economy than any other single institution in the United States. It is the Fed that primarily determines if we will see high inflation or low inflation, whether the money supply with expand or contract and whether we will have high interest rates or low interest rates. The President and the U.S. Congress have far less power to influence the economy than the Federal Reserve does.
The truth is that the Federal Reserve was created to enslave the United States government in an endlessly expanding spiral of debt from which it would never be able to escape.
Now many at the Federal Reserve are touting more “quantitative easing” as the solution to our economic problems. But anyone with a brain should be able to see that creating a gigantic pile of paper money out of thin air and dumping it into the economy is only going to make our long-term problems even worse.
1 - The Federal Reserve was created as a way to enslave the U.S. government with debt.
2 - The Federal Reserve creates money out of thin air.
3- The huge predator megabanks that now dominate the U.S. banking system use the Federal Reserve as a tool to make money.
4 - The Federal Reserve devalues our currency.
5 - The Federal Reserve manipulates the U.S. economy by setting national interest rates.
6 - The Federal Reserve also controls the national money supply.
7- The Federal Reserve is not part of the U.S. government.
8 - The Federal Reserve has become far, far too powerful.
9- The Federal Reserve is dominated by Wall Street and the New York banks.
10- Federal Reserve Chairman Ben Bernanke wants to completely eliminate minimum reserve requirements for banks.
11 - The Federal Reserve is not accountable to anyone.
The Federal Reserve believes it is possible that, ultimately, its operating framework will allow the elimination of minimum reserve requirements, which impose costs and distortions on the banking system.
America has long been a country of limitless possibility. But the dream has now become a nightmare for many. The US is now realizing just how fragile its success has become -- and how bitter its reality. Should the superpower not find a way out of crisis, it could spell trouble ahead for the global economy. By SPIEGEL Staff
Originally posted by TheBandit795
Another consequence of this..... and of U.S. citizens living way out of their means for decades...
Is the American Dream Over?
America has long been a country of limitless possibility. But the dream has now become a nightmare for many. The US is now realizing just how fragile its success has become -- and how bitter its reality. Should the superpower not find a way out of crisis, it could spell trouble ahead for the global economy. By SPIEGEL Staff
Originally posted by fianna
It was like reading a quote of the day cliche book.... Total snore.
I believe that in order to achieve true freedom, you have to be able to make money, control your time, and eliminate the mindset that you are subject to a corrupt government that is bent on degrading your personal liberty.
Originally posted by TheBandit795
Federal Reserve Chairman Ben Bernanke wants to completely eliminate minimum reserve requirements for banks.
Originally posted by SonicInfinity
November 6th, you say?
I guess I'll be adding this to a long list of things that are supposed to happen on the 6th/early November.
The Federal Reserve believes it is possible that, ultimately, its operating framework will allow the elimination of minimum reserve requirements, which impose costs and distortions on the banking system.
Originally posted by MessOnTheFED!
All bs'n aside. WW.... The fed is a cancer to this country. Nothing will change until people get pissed enough though and something tells me that its not too far up the road for us.
Get your crap in order people. The wild ride will commense soon.
MOTF!